There is nothing worse than being only half way through your work month and then running out of cash. Once you get your salary and all your money, you naturally, if like most people, use it to take care of your bills and expenses. If you have enough to cover everything, that works out great.
Until, that is, you fall into a medical emergency where you need instant cash loans to to manage the costs. If it’s not a medical issue, with hospital bills, doctor’s fees and trips to the pharmacy, it could also be something like urgent repairs to your house or apartment or some unpaid bills that you forgot about.
Why you need the money isn’t such an issue. The point is that you need money and you need it now! It can happen to anyone, but when you experience it first hand you know how much stress it can cause. Needing cash loans but not knowing where to get them can even make it hard to sleep at night. But once you know where to get fast and easy emergency cash, you can apply online anytime.
Fast Cash Loans for Any Need
If you own a vehicle, such as a car or a motorcycle, and have a vehicle title with your name on it, you are welcome to send in an online application for a car title loan. Whether it’s a car or a motorcycle doesn’t matter, but what’s important is that you have paid it off, it’s in your name and it has decent value. If your vehicle meets those requirements, you could get the cash loan you need.
Getting the initial pre approval all the way through to receiving the loan funds can be very fast. The quick cash can sometimes even be ready on the following business day. Once it is ready, it can be put into your bank account with a direct deposit, so that you don’t even have to wait for it.
When you get the cash advance, you can use it for anything you want to, without any rules or special limitations. Even though more traditional bank loans or those from a credit union might specify what the loan amount can be used for, it’s not like that when you work with online loan companies.
Where to Apply for Quick Cash Loans
If you’ve only worked with old fashioned financial institutions in the past, you’ll be surprised at how simple and speedy online loans can be. Besides being super easy to apply for, the entire loan process can go quickly without any bumps or hassles. For a quick comparison of regular financial institutions compared to working with online lenders, see below.
Benefits of applying online for title loans
- Convenience – To apply online for a cash loan near me, you can stay at home to send in an application. You don’t need to get into your car and drive anywhere, because online lenders are a close to you as your kitchen.
- No time restrictions – It isn’t important what time it is or which day of the week when you submit an application online. Online lenders have a website for you to go to anytime you’re feeling a financial pinch. They will receive your online application whenever you send it in. This saves a lot of time between the request and when you might get a lending decision.
- Fast and easy online application – The inquiry form is so simple and short that you won’t need help from anyone when you start to fill it out. You won’t find yourself getting stuck in paperwork when you request fast cash loans online using the streamlined application process.
- Quick replies and fast funding – Once you submit an online application, the loan review and approval begins right away. To find out if your request has been pre approved, you can expect a quick response. If you sign the title loan agreement, you can get a notification of final approval. In as little as one business day, your money could already be prepared for you to take and use.
- Bad credit applicants accepted – Because title loans are secured loans, any user with any credit type can apply. If you’ve experienced financial difficulties in the past and now have a bad credit score, you won’t be turned away from an online lender.
- Cash loans with no restrictions – It’s not required for you to state why your finances are struggling or what you’ll do with the quick cash loan if it is approved. There is no obligation to sign the loan agreement unless it’s what you want and furthermore, you don’t have to say what the money will be used for. It is all your choice.
Applying for a fast cash loan through a traditional bank or loan company:
The loan procedure and application process for submitting loan requests to banks or other types of financial institutions have specific rules for each bank or loan company. Each institution can have its own set of business hours and days that they are open to receive customers. The easy way to find out is to call ahead of time to check or to make an appointment.
Once at the bank, you may have to wait a while for your turn. Be sure to take all your important documents with you, to avoid a trip back home for them. You can expect to sit with a loan officer, explain your reason for needing a loan and fill out originals and copies of various loan applications and documents.
Your banker or agent will let you know when you might receive an answer regarding loan approval. If you’ve taken off work for this appointment, you can return to your job now to wait.
Whether you choose to get your quick cash loan through an online lender or your neighborhood bank, it’s your choice. It’s good to know your options before hand and understand how they work.
Understanding How Cash Loans Online Work
Auto title loans that use your auto title as loan security are convenient and quick. By using the value of your vehicle, the lender will determine the value, which will help when preparing the loan amount. The reason the lender will keep your car title is so that you can keep your car with you. Whichever vehicle you are using as loan security, it can stay with you so that you can use it as you normally do.
By keeping the vehicle’s title, the online lender has the right to take the car of a borrower who doesn’t pay back the money within the repayment period and according to the terms. It can be sold so the lender will have the money to cover the remaining payments and the loan costs.
When a user is approved for a fast cash loan and pays back the money according to the terms, the title is returned at the end of the contract period. It will be free and clear of any liens and will not be in the name of the online lender.
Getting a Quick Cash Loan with Bad Credit
Simply because an online lender will keep your vehicle’s title, this reduces the risk of non-payment. With the title as collateral, even users with a bad credit history can be approved for an instant cash loan.
Online lenders understand how complicated life and its circumstances can be. The truth is, we cannot control many aspects of our finances. With a good job and a steady salary, there can still be unexpected financial difficulties that get in the way.
The credit criteria used by online loan companies is more lenient and flexible than that of a traditional lender. Even if you are turned away for a quick cash loan from a bank, you might quickly be approved when you turn in your online loan application.
Taking the Steps to Get Started with Cash Loans Today
Since the online loan application is always available, there is no time restriction on when you want to complete yours and submit it. It doesn’t take very long, so don’t worry about taking time off your job to work on your simple inquiry form. When you send in your request, you can expect the online lender to begin reviewing your form right away.
After taking the first step towards your cash loan online, your lender will help guide you through the remaining process. After signing a loan agreement, you can be on your way to getting the cash advance you need for any financial emergency.
If you need money now, you don’t need to wait until tomorrow to begin the quick online loan application process. Contact your online loan company now and begin any time.
- When you’re ready, go to the website of your online lender and complete the short loan application. It will take only a few minutes to fill in the blanks and when you’re finished, submit it. Your part is done! Remember that you can do this any time of the day or night. The time is irrelevant when working with online lenders. Once it’s sent, it’s the responsibility of the lending staff to begin their credit review.
- You should hear back shortly from the lender regarding their credit decision. If your request is approved, you can read through the loan agreement and decide if you want to accept it. Take the loan amount and the terms into account when making your choice. If you want to get the money, sign it and continue the loan process.
- After signing the loan agreement, you will need to submit your car title as loan security. The lender will send you the final loan approval and the loan process will be complete. Using the bank account details you supplied, the lender will arrange a direct deposit of your quick cash.
Pre Approval for Quick Cash Loans Without Bank Account
After sending off all the materials and documents to get quick cash online, the customer service provider will spend time combing through the details and verifying your information. When the lender has all the required forms and personal information, the credit review can move through the approval process quickly.
When you receive a lending decision, you might wonder how the decision was made and how the loan amount was calculated. When the lender determines your eligibility for quick cash online, there are 3 basic factors that are determined, according to the information on your inquiry form.
Facts checked for determining fast cash loan approval:
- The current value of your vehicle: On the vehicle title that you attached, the lender can easily confirm that you are the sole owner of the car or truck. Besides confirming ownership, the value needs to be determined. While the Kelley Blue Book will be consulted, your vehicle can be more or less depending on its general condition – or how well it’s been taken care of, the model and style as well as the color and its year of manufacture. If it has been driven more than the average number of miles or if it has been in a wreck, the value could be decreased. After determining the real worth, its eligibility and the loan amount can be set.
- Proof of your present income: Send an itemized list that shows every place that you get money from each month. For some borrowers, this will be from their place of employment. For others, it could be social security, government programs or even a divorce settlement. Whatever income you get, give the lender proof so it can be verified. Proof of income from your job can be a pay stub, but proof from other sources might be from official documents or your most recent bank account statements.
- Online credit criteria: Compared to traditional lenders, the credit criteria that online lenders use to grant loan approval is flexible and simple. You can ask your lender for details concerning the criteria, but in general it will take your complete financial picture into account. Rather than only going by a credit check, for instance, the lender will be interested in your income and how well you are managing your finances now.
Using Your Vehicle for an Online Personal Loan
If your vehicle is sitting in the garage or on the street waiting for you to take it out for a spin, why not find another way to take advantage of your investment? That is what car title loans do. Without giving up. your car at all, you can still take advantage of it by using it for loan security. This make it easier and faster for you to get emergency funds.
There are many types of vehicles you can take advantage of for the purpose of securing a loan – it is not only for cars. If you own any of the following vehicle types, they can also be considered as collateral for a quick cash loan. The important fact is that you completely bought the vehicle and it is yours. If anyone else’s name is on the title other than your own, you must get it corrected. The closest DMV can help you with this. In some cases, your online lender might be able to instruct you as well.
To be used as security, the vehicle also needs to be worth a high enough amount. For instance, an old junker that’s been sitting in your back lawn probably does not have enough value to be used for secured loans.
Here are a few of the types of vehicles that can be used for loan security:
- Private cars
- Recreational vehicles
Whatever vehicle you have, you can discuss its eligibility with your title loans lender.
Fast Cash Loans Online After Bankruptcy
In some cases, the credit difficulties have become so impossible that the consumer declares bankruptcy. If you are still in the process of bankruptcy, you most likely will not be allowed to take out a cash loan. There are a lot of rules regarding quick cash loans during bankruptcy.
If you are finished with the bankruptcy proceedings and you have a clean slate from debts and financial obligations, you might be able to receive a small loan. To find out more, send your online application to your lender with the court documents that explain your bankruptcy situation.
Your lender will review the type of bankruptcy you were granted and will advise you of your loan eligibility.
Getting Fast Cash Loans Today
If you are desperate for quick cash loans today, you can do something about it. You can send an online inquiry form to 5 Star Car Title Loans. Whatever your critical cash situation is, we want to hear from you.
You’ll get a fast and professional reply and if approved, you could get cash to use for whatever you need in the following business day. That’s how fast we review your request.
Reach out to our customer service team and begin the online process today.