One of the easiest places where you can go for a cash loan near me is the internet. Since you don’t need to go anywhere at all to get fast cash loans online, it is even closer than the loan agent around the corner. If you’re at home now, whether you’re eating dinner in the kitchen, watching the TV in the den or resting in your room, you can go online now and request a cash loan.
The quick loan process is ideal for busy people who need fast cash for any reason. Not everyone wants to make appointments to complete the long loan process at a traditional financial institution, like banks or credit unions. With the ease of applying online for quick cash loans, that makes perfect sense.
Whatever cash emergency you have going on today, you can apply now for cash online. There will be a customer service team waiting and ready to help with your fast cash loan.
All About Instant Cash Loans
The annoying fact about unexpected or emergency expenses is that we can’t prepare for them. If we don’t know what might happen today, how is it possible to be prepared for tomorrow? Emergencies happen without warning, but we still need to deal with them.
If you owe a lot of money or need a quick cash loan for any financial situation you’ve found yourself in, you don’t need to stress about where to get it. You don’t even need to wait until standard business days or hours. If you’re near a laptop, tablet or smartphone, you can go online to apply now.
An instant cash loan uses the value of your vehicle for loan security. It doesn’t mean you’ll need to give up or sell your vehicle, it only means its value will be used. You can get a loan against your vehicle’s value, so long as you own that vehicle.
If you apply online and you receive a notification that your request is approved, you’ll be able to sign a loan agreement. To get the emergency cash advance that you need, you’ll be required to submit your vehicle title to your online lender.
It’s your title that must be submitted. In this way, you can keep your car with you. It’s fine to use the car as much as you want to. Make all the monthly payments, finish your car title loan agreement and your car title will be returned.
Getting car title loans online is as simple as that!
Uses for Fast Cash Loans Online
When it comes to how you can spend the emergency funds, there are no rules or restrictions. Online lenders are not strict about what the extra cash can be used for. It’s your money so you get to decide.
When you are working with online loan companies, you won’t need to state the reasons you need the extra funds. For online lenders, that is your business and not theirs. You should be the best one to know what you need the money for and how you should spend it.
If you are requesting personal loans from a bank or credit union, you may fall under different limitations on how the money is spent, so you should discuss this upfront. Online lenders do not make an issue of why you need fast cash. Below are a few ideas that might help you with your cash advance.
Tips on uses for cash loans online:
- Paying off all your credit cards to consolidate them into one monthly payment
- Getting the plumbing or roof repaired on your house, to avoid water damage
- Enrolling in technical classes that will help you get a better job
- Covering the costs involved with an illness – hospital bills, doctor’s charges and the costs of prescription meds
- Helping with moving and relocation expenses across the city
- Sending in the payments on bills that are due so you won’t damage your credit score or get hit with late fees
Whatever you decide to do with the money is your choice. Make a list now and get started when the funds from your auto title loan arrive.
How to Get a Cash Loan Near Me with Bad Credit
Other than a few standard document, there aren’t many steps involved in getting an instant cash loan when you apply to an online lender. You need to own a vehicle with good equity that can be used as loan security and you have to be above the minimum age requirement of 18 years old.
If you have a vehicle, whether it’s a motorcycle, a car, a truck, an RV or a boat, you can use its value for a car title loan without the need to give up the actual vehicle. Whichever vehicle you want to use as loan security, you still get to keep it with you. By using its value, which the loan agent will determine, you only need to submit its title.
To use a title to secure a quick cash loan, it must be in your name, as proof that it belongs to you. Meaning, if you don’t own the vehicle then it cannot be accepted as loan security. Check the title so you can be sure that only your name is on it. If there is the name of a loan company or the previous owner, go to the DMV to take care of it.
If your documents and information is in order and you have a valid vehicle title, the online approval process can happen very fast. Check your title, your car registration and the condition of your auto and then get started on your loan application. It only takes a few minutes to fill in and submit.
Documents and Requirements for Online Cash Loans
- Valid and legal car title with your name as the owner – This is very important because without it, your loan request cannot be processed. Take a quick look at your vehicle title and confirm that there are no problems with it. If there is anyone’s name on it other than your own, you’ll need to get it corrected. If you still have a payment or 2 left on your car loan, you might be able to go ahead and negotiate this with your online title loans lender.
- Monthly earnings – To verify that you will have enough income to cover the monthly car title loan payments, the online lender needs a list of all your monthly income. This list of earnings might only be from your job or jobs where you get a salary. If that is the case, you can just submit your salary slips. Look at your bank statement to see if you have deposits or money coming in from other sources. If you do, list the source and give proof of a way to quickly verify it. For instance if you get social security, you could send either the social security letter or you could include your most recent bank account statements.
- Details of your vehicle – So that the lender can give the most accurate evaluation of your car, send in the complete details of the facts that affect the cost. This should be the model, make and year, including the specific style and miles driven. If you can include its general condition and photos or a recent inspection, that can also help. The higher the valuation goes could mean the difference between a minimum loan amount or the maximum loan amount.
- Bank account details – When you send in the name of our bank and account number, it can help the online lender make a swift and easy direct deposit into your account when your loan funds are ready.
- Where you live – Include your address and your email address as well.
These are the basic details to begin with. If you are pre approved for a car title loan and the lender needs more information to continue. you will be notified. Get started anytime and receive a fast lending decision.
Where to Apply for Cash Loans Today
You have a few options when you’re ready to apply for a cash loan near me. If you have a neighborhood bank, you can go there to ask them for a personal loan. It’s advisable to take time to make an appointment, and add in plenty of time for standing in line to wait your turn. You can explain to the banker why you want money and then fill out some stacks of papers.
If you have good credit and bring all the required documents, you might be able to finish the application process and then go home to wait for an answer. That is the standard way of getting personal loans in the past, which is the old fashioned way.
Today, you have the option of sending in an online application for quick cash loans near me. You don’t have to go out to a loan company and you don’t even have to wait until business hours to get started. There’s no need to make appointments, take a day off work or wait to find out the lending decision.
With online personal loans that use your title for security, you are able to send in your request anytime. For users with bad credit, it’s still possible to get the cash loan needed for any purpose. Online lenders make it easy to be approved for a fast cash loan by using a simple credit criteria.
Advantages of Online Lenders for a Cash Loan
- Users who need money urgently can apply at any hour from any location for a quick response to their loan request
- No special equipment or software is required – you can apply from home using a smartphone, PC or tablet
- Online lenders review your title loan request quickly so they can deliver a fast credit decision
- Friendly car title loan staff is always waiting to help you through the quick loan process
Don’t bother looking at the clock to check the time or your calendar to find out which day it is. If you need money for any reason, you can apply now and get a fast lending decision.
Credit Criteria for a Cash Loan Online
Getting quick cash online can be simple and very fast. From start to finish, the car title loan process goes smoothly. There is always a customer service representative who can help you through the process until final approval and that point where you get your emergency cash advance.
Here’s how the auto title loan lending decision is made:
- Checking the value of your vehicle – It doesn’t matter which vehicle you use to get your title loan. It could be a car title loan, a motorcycle loan, a boat loan or even an RV loan, but the process is the same. The lender needs to confirm that you are the owner of the vehicle you’re using as collateral, and its value. For it to be eligible for use in a secured loan, it needs to be worth enough. Besides going over the details that you gave such as the model, year, miles driven and condition, it will also be checked against Kelley Blue Book’s price. If the unused etiquette in your vehicle is substantial, the lender can continue to the next loan stage.
- Verifying your income – You don’t want to get into a loan situation you can’t handle and your lender doesn’t want to approve a loan with payments too high for you. Whatever your income amount is and from wherever you receive it, the lender will verify it. When it’s established that you earn enough each month to return the title loan, the lender will go on to the final stage of loan approval.
- Running the credit criteria – One of the perks of going with car title loans from online lenders is that the online criteria is easier to pass through. Compared to traditional loan companies and banks, loans you request online are more flexible to consumers who have a bad credit status. Bad credit applicants and welcome to request car title loans online any day. With a bad credit score, a lender can evaluate your request by looking at your income today, the home you are living in and how you manage your expenses and bills.
Those are the 3 main credit criteria that your title loan company will adhere to when reviewing and approving a user’s credit. Send in an online application form any time for fast loan considerations.
Online Car Title Loans Following Bankruptcy
Living in tough economical periods can be both challenging and stressful. At some point in the past, your debts may have gotten so far out of control that you filed for bankruptcy. Even if your debts have been forgiven or reorganized, you can still fall into a credit situation where you require an instant fast loan.
If you need a cash loan online quickly, it is possible, even if you’ve experienced a bankruptcy. There are several different types of bankruptcies, so be sure to learn about the legal aspects in the state where you are currently living.
If you are in the middle of the bankruptcy proceedings or haven’t even begun them yet, it’s best to wait until they are completed before requesting on online car title loan. If you already went through the bankruptcy and you need some extra cash now, you are eligible to apply. Online lenders will do their best to help you out with an instant cash loan.
Various Vehicles for a Vehicle Title Loan
If you have a car sitting in your driveway and you need some quick cash, you can consider using its value to get a secured loan. You don’t need to give it up. Instead, go online to the company website and write in which vehicle you have.
Regardless of the type of vehicle you own, if you have its legal title in your name, you can send it in with your online application for a car title loan.
Types of vehicles:
- An automobile that you own
- A boat with a title
- A recreational vehicle
- A truck
- Your motorcycle
If your vehicle has good value and a title in your name, go ahead and apply for your cash loan now. You could get the money you need in as little as one business day.
Online cash advances can be available no matter how your credit check turns out. Instead of waiting for your next paycheck and paying your bills late, find out now if you qualify to borrow online today.
Requesting a Quick Cash Loan Today
At 5 Star Car Title Loans, we will help you through the car title loan process from the very beginning when you send us your online request all the way through to when the emergency cash is deposited into your bank account.
Reach out to our team today so you can get an instant decision on your car title loan request. Get the cash advance and use it for anything you need.