If you need money quickly for any cash emergency, you may have a few different options for getting it. But if you want to go the simple and easy route to getting extra money, consider online loan companies. With online lenders, you can avoid the hassles and red tape you need to go through when going to a traditional lending institution, such as banks or credit unions.
You are welcome to send in an online loan application anytime you are low on funds or have run into urgent money problems. It’s possible to apply and get a quick response for fast cash loans online anytime you need to, because there are no set days or hours. The inquiry form is streamlined for your convenience, so that you can take care of it in only a few minutes.
Cash loans online are a win-win for you. That’s because they use your vehicle’s value so you can quickly get a secured loan, but you get to keep your vehicle with you. That is like getting your cake and eating it too! You get the cash you need for any important expense but you get to keep your car or other vehicle and continue driving it.
For more information about how you can get an instant cash loan online, read below or send in your application to an online lender today.
How Secured Cash Loans Work
If you are a car owner and you’re at least 18 years of age, then you have what it takes to send in an online application for instant cash loans. That’s because fast cash loans use your car’s value as security against quick cash online. They are also referred to as title loans, because it’s only your title that you actually need to give up. With the title in the hands of the lender, you can keep your car and drive it as you normally do.
There are several types of vehicles that qualify for online cash loans. The factors that are relevant are that you are the only owner of the vehicle and it must have a high enough amount of unused equity. The lender will perform a quick evaluation and send you a notification regarding your vehicle’s value. After taking in a few other factors, you can get a fast response to your request for a car title loan.
The important facts to know about using a vehicle for loan security is that it must belong to you. This can be verified by checking your car title and registration. The other important detail is that the vehicle must have a title. Sometimes a trailer (such as a boat trailer) might fall into this category, but the vehicles listed below can usually be used as loan security for title loans:
- Private cars
- Recreational vehicles
If you own one of these vehicles, you are welcome to send the details in an online inquiry form to an online lender anytime.
How to Apply for Fast Cash Loans Today
If you’re used to the complicated steps involved with traditional bank loans, you’ll be surprised at how easy it is to apply online for a quick cash loan. Online lenders want to make it easy for you to get the quick funds you need, so the application process has been shortened down to only what is required to process your request.
You don’t need a lot of time to complete and send in your inquiry form, but you do need to know a few of your car’s details. This is what the lending agent will use when reviewing your credit and determining your title loan eligibility. The steps are simple and there are no time limitations. If you are feeling a cash crunch and looking for a way to get cash you need quickly, you can apply anytime.
Even though it might seem as though there are 3 steps involved in getting quick cash online, you only begin with Step One. After you’ve gained pre approval of the first step in your loan application, the lender will send you information on how to go forward with your title loan request. If you have a laptop, smartphone or tablet with a connection to the internet, that’s all you need to get started. There aren’t any requirements for special computer programs or fancy equipment.
Taking the first step:
Go to the online loan company’s website and open the short inquiry form. It’s a simple loan application that requires only minimal information. In other words, you won’t need to fill out or present any personal information that isn’t relevant to your loan approval. When you have filled it in to the best of your ability, submit it to the lender. If the lender’s agent has any additional questions or if you have any difficulty answering the questions, you can discuss this together.
Going on to the second step:
With the personal details of yourself and the vehicle you own, the customer service department will begin to process your request. Depending on your information, this shouldn’t take long. When your credit review is completed and the lender has an approval decision for you, you will be notified. If your request for a cash loan online is approved, you can read over the loan agreement and decide if its terms and the loan amount are what you need to cover your emergency cash needs.
The final step – third step:
If you decide to accept the loan offer and you sign it, all that is left is for you to submit the vehicle’s title to the loan company while your final loan approval is prepared. When the instant cash loan is finished, the lender will make a direct deposit of the funds into your bank account. You can now take the quick cash to begin to cover your urgent expenses. There is no limit to what you can use the cash for.
What You Can Do with Cash Loans Today
When the loan proceeds are in your checking account and ready to spend, there aren’t any special rules on how you use them. You may remember the days back when you had to convince the banker why you needed the money and what you would spend it on. Then the banker might limit the use of the loan proceeds to some specific use. That is not the case with online loans.
With the quick cash loan you get from an online lender you can literally use the money for whatever you need. You don’t have to tell the lender why you need the fast cash loan or what you will use it for. While borrowers don’t always mention what they will use the quick funds for, there are a few favorite uses for emergency cash, as listed below.
Quick uses for title loans online:
- Paying your rent or mortgage payment that is due
- Getting rid of credit card bills by paying them all off
- Buying an important item for your home during a limited-time only sale
- Taking a trip for an important family event you don’t want to miss out on
- Buying groceries or other daily supplies until your next payday arrives
- Covering moving costs to a cheaper apartment or to be near a better job
- Managing emergency medical expenses, including prescription medications
The cash can be used for anything – it’s your choice!
How to Repay Quick Cash Loans Without Bank Account Near Me
For most consumers, the easiest way to repay the car title loan is by setting up an automatic payment schedule through their bank. This is an ideal way to pay because it means that you can never forget about a payment that’s due and because there is nothing to think about. So long as the money is in your account, your bank will automatically send the payment on the date that you specify.
Because your payment is guaranteed to arrive on the specified date, you won’t ever be charged a late fee for those months that you forget to send in your payment on time.. Additionally, it can help your credit score because you will have established a reputation as being a user who pays the bills on time.
For anyone without a bank account, it’s possible to speak to the lender regarding different payment options. In some cases it might be possible to mail a check into a specified payment center. In specific cities there could be store fronts which accept cash payments on your title loan account.
Requirements for Cash Loans Online
There are a few documents and personal details that are necessary to review your application for a fast loan. While nothing is complicated or time consuming, it’s helpful to get them together so that the loan approval stage will go quickly. If you have any questions regarding what is needed, you can discuss it with your online lender. If you are missing certain pieces of information, your lender might have alternative suggestions.
Whatever your situation is and your credit score is like, you are welcome to send your request. Prepare all the information that you can and your lender can be in touch if more details are needed.
Information needed for title loans:
Your car title and registration papers – To prove that you have fully purchased the vehicle and it belongs to you, the lender will check the name. Both the title and the registration needs to show that you own the vehicle outright, with no liens or other names listed except your own. It’s also important that the vehicle is registered in the same state where you live and where you are requesting the loan. If your title has been lost, damaged or in incorrect, be sure to contact the DMV for help updating it.
- Photo ID – to provide a government issued photo ID, include your driver’s license, an ID issued by the state where you live or a valid US passport.
- List of total income – Think of everywhere you receive income each month and write it in a list. Then, for each item, send a form of proof so the lender can verify it. For instance, for your salary from work, send in a pay stub as proof. If you get social security or some other money from government programs, send a statement or document. If you work freelance and don’t have a regular job or pay stubs, include the last 3 bank statements that show your income.
- Your address – Send proof of your place of residence, such as a recent credit card statement, bank statement or utility bill. It should show your name and your address on the statement as proof. Other forms of acceptable proof are a copy of your rental contract or your mortgage papers.
- Bank account – The fast and easy way for you to receive your emergency cash funds is by direct deposit from the lender into your account. To facilitate this, send in the name of your bank with your bank details, including your bank account number and the name appearing on the account.
Enjoy the Benefits of Online Lenders for Fast Cash Loans
There are a lot of reasons why consumers turn to online lenders when they are in need of instant cash loans. Besides being able to manage the process from home, there are advantages that include being able to submit an application at any time, getting quick response from the customer service staff and enjoying a streamlined loan experience.
Compared to the old way of going to the bank and sitting through that long and drawn-out process, getting quick cash online can be a breeze. See below for a few of the reasons many consumers go to online lenders.
Top advantages of getting a cash loan online:
- Bad credit types or any other credit types welcome to apply
- Instant cash loan can be used for any purpose, without the need to explain to the lender
- Without special equipment or software programs, the online application can easily be accessed
- Applications online can be submitted from home or any location with an internet connection
- There are no set business hours for reaching out to online lenders. The website is available 24/7
- Professional and friendly customer service representatives at your service
- Fast funding through direct deposit when emergency cash is ready
- Send your title to the lender, but keep driving your car
Bad Credit Types Accepted for Online Cash Loans
When it comes to credit users with bad scores, it can be a waste of time trying to get a quick cash loan from a traditional lender. Besides all the red tape and forms, banks and credit unions don’t normally cater to users they see as high risk.
Online car title loans are different, because they are secured loans. For anyone who needs quick cash but has a bad credit score, online title loans can be the answer. Any consumer with any credit type is welcome with open arms to send an application for a fast cash loan online. You will get a fast credit review and a prompt lending decision.
Online lenders understand the problems and cash issues anyone can experience from day to day. It’s simple to get into a sudden situation of not enough cash that can result in a bad credit check. At any rate, because title loans are secured loans, online lenders will fairly review your current financial status according to the following criteria:
- Income – Check if you have an income level that is high enough to cover the monthly cash loan payments
- Value of your vehicle – Confirm that the value of the vehicle you own is adequate to be used to secure a fast cash loan
- Credit criteria – Online lenders use their own credit criteria to approve loan requests. This criteria take into account your entire financial situation as it stands today – not so much depending on credit checks or past credit history
Whatever your credit status is today, you are welcome to apply online for quick cash loans.
Fast Cash Loans Online
Getting the cash loan online that you need quickly does not need to be complicated or filled with road blocks. 5 Star Car Title Loans has developed a simple and streamlined application system for quick cash loans that is easy to get through with a minimum of hassles. When you are stressed for a way to get cash fast, we can help.
The only step you need to take to get started on your instant cash loan is to send us your online application form. Whatever time of the day it is, even if it’s during the night, we will look forward to receiving your cash request.
As quickly as possible, a customer service representative will be happy to review your application, your personal information and the type of vehicle you have. Afterwards, you will get a fast lending decision. With pre approval, you can even receive a loan agreement to review.
For your quick cash loan online, apply now!