5 Star Car Title Loans in Brunswick, OH
Our financial scenarios keep on changing and there is no guarantee of what tomorrow may bring. Sometimes, we find ourselves in a cash pothole that can only be left by borrowing money.
Getting a bank loan is the most suitable option for people, however, a very rigid and time-consuming process. Therefore, if you need immediate cash, short-term loans are the right option.
Thankfully, Brunswick residents have just the right alternative to help them in making it through their financial hardships. And this option is for getting title loans in Brunswick.1
With 5 Star Car Title Loans, people can apply and get a cash advance loan without going through the lengthy applications and complications of traditional bank loans.1
What Are Auto Title Loans?
A title loan is a short-term loan that is given against the car title. It is a secured loan and uses the car title as acceptable property in exchange for which the funds are released.1
What Are Other Names For Title Loans?
- Vehicle Equity Loans
- Auto Title Loans
- Auto Equity Loans
- Title pawns
- Vehicle Title Loans
All the Basic Requirements For Getting Brunswick Title Loans
Brunswick title loans have a straightforward process with no additional requirements and formalities. However, you must meet the basic requirements if you wish to get a loan. To get a title loan:1
- You must be 18 years of age or above
- You must have a steady source of income
- You must have a qualifying vehicle and a vehicle title in your name
Important Documents For Getting A Title Loan In Brunswick
Brunswick title loans are available for all. However, to complete the procedure, one must have all the essential documents. Without these documents, getting a title loan will be impossible in the state of Ohio.1
Make sure you have these documents:
A Valid Government-issued ID
To give proof of identification, you can share your driver’s license, passport, or other government-issued ID with a photograph.
A Qualifying Vehicle Title
It is one of the primary requirements of a title loan. You must have a clear vehicle title that can be put forth as collateral.
Latest Photographs of Your Car
Recent photographs of your car from a different angle must show the car’s VIN.
Proof of Income
Income documentation is necessary as it will be used to calculate the amount of the loan. You can show your bank statements, pay stubs, tax returns, etc.
Proof of Residence
The proof of residence includes utility bills, credit card bills, mortgages, or rental agreements.
How Do Title Loans In Ohio Work?
The borrower puts the vehicle title as collateral. On that title, the title loan lender will put a lien on the title which will give the legal rights over the car to the lender. In return, the lender will release the loan amount.1
You can take the money and keep driving your car even while you are repaying the loan. Once the title loan has been completely paid off, the lender will remove his name from the title and you will again become the sole vehicle owner.1
Brunswick Title Loans: How Much Cash Can I Get?
The title loan lenders decide upon the loan funds after carefully assessing three factors. The applicant can get funds that they can afford, which are based on the car value. Therefore, the major factors that are considered include:1
Your Income & Ability to Repay
Your income and your monthly expenses are examined to do a little repayment analysis. It is done to make sure that you will be able to repay the loan even with all the expenses you have.1
Car’s Equity Value
The equity left in your car will not only be used for checking eligibility but will also be used to calculate the amount. The higher the equity, the higher will be the loan amount.1
Car’s Market Value
Car inspections include assessing the car’s condition. To know more about it, factors such as vehicle year, current condition, brand, model, etc. are considered to calculate the final amount.1
Helping our customers get a fair amount is one of our duties. Therefore, our customers may avail of up to 75 % (which will be the maximum loan amount) of their car’s value.1
Get Online Title Loans In Brunswick In Three Easy Steps!
We have put forth an online loan process that demands strong internet connectivity and some important documents handy. Visit our official website and get started.1
Take a glance at the complete loan process:
Apply Online
Start by filling out the online loan application. You will be requested to share your personal information such as your name, address, income, phone number, and car details.1
Or you can simply call us and get in touch with a loan agent and he will get your process going.1
Submit The Required Documents
After sharing your details, you will get conditional approval. However, the final approval will be subject to the pending review of documents.
Hence, you will be then requested to turn in some required documents that will be needed for verification of your information.1
Get Your Funds
Once the verification of the received documents is done and if the information checks out, a loan agent will give an estimate of the minimum loan amount, Annual Percentage Rate, interest rates, actual loan amount, payment plan, and other loan terms & conditions.1
We insist every applicant thoroughly go through the terms and conditions and confirm every detail with the loan agent before signing the contract. Once you have signed the contract, changing anything will become extremely difficult.1
If you have signed the loan contract, you can expect to collect your cash in one business day.2
How To Receive Vehicle Title Loans in Brunswick?
Gone are the days when the loanees had to wait in long queues for collecting their cash; this is a digital era and everything happens faster now. The borrowers can collect their funds via any of the given methods:
- Cash
- Direct deposit to the bank account
- Mailed check
Where Can Loan Proceeds From Title Loans Be Used?
There are a variety of ways in which you can use the money from title loans. From payment of rent to payment of your medical bills, you can take the help of this personal loan.
Since the title loans are intended primarily for personal and household reasons, the most suitable way to use them is by paying:1
- Rents
- Funeral costs
- Wedding expenses
- Legal expenses
- Home Repairs
- Car Repairs
How Can I Repay My Title Loan?
If receiving a title loan is easy, repaying it is easier! There are just a few things required to pay the loan comfortably. We accept the loan payments via:
- Cash at any participating money transfer location
- Mailed check
- Automated transfer
- Through credit/debit cards
- Phone
Make certain to pay the monthly dues on time. With 5 Star Car Title Loans, you can repay the loan between one to three years.
However, it is not the case with other lenders who give payday loans as you will be asked to repay the amount somewhere between 60 to 120 days. Therefore, it is one of the advantages of title loans over other short-term loans.4
Get Brunswick Title Loans Even With a Bad Credit Score
While most financial institutes look for perfect credit history while giving a loan, this is not the case with title loans. You can easily apply for online title loans even with a bad credit score and can qualify for the same.1
Usually, title loans just assess three major factors such as your ability to repay, your car’s equity & market values. Nonetheless, in some cases, the lenders can conduct a routine credit check for your credit inquiry but that won’t affect your eligibility.1
Title loans work differently and as long as the borrower has a strong ability to repay along with sufficient car equity, he can get a title loan with bad credit.1
Can I Qualify For a Title Loan In Ohio if The Title is Not in My Name?
Not having the title in your name is a serious concern as it can shatter your case. Having a clear title with you as the sole owner is the primary requirement of title loans, therefore, you cannot get a loan if your name is not on the title.1
However, there is an easy way to solve this problem: get the title transferred to your name. This can be done by visiting the local Ohio Bureau of Motor Vehicles, otherwise known as BMV.
Visit the BMV and follow these steps:
- Fill out a title transfer request form
- Carry some important documents:
- Your Vehicle’s Title
- Your Vehicle Registration
- Some Form of Payment, Cash Preferred
- Give the request form and the documents for verification & make the payment.
Once the title is transferred, you will be notified. After getting the title back in your name, you can qualify for a title loan.1
How Can I Receive My Title Loan Money?
If you have completed all the formalities and the paperwork, you must be thinking about how you can receive title loan money from 5 Star Car Title Loans. The simple answer to that is, that you can pick any of the suiting options:
- Mailed check
- Cash
- Transfer to a bank account
Are There Any Prepayment Penalties?
It is completely fine with 5 Star Car Title Loans if you wish to pay off your debt earlier than the selected period. Although not all lenders who give pawn loans have the same provisions, we assure you that if you make an early payment, you will not be charged with any hidden fees or prepayment penalties.4
What Can I Do If I Can’t Afford My Title Loan In Ohio?
In uncertainty-filled life, it is impossible to say that your financial situation will stay the same throughout. There can be chances that in the future, you default on your title loan.
If such a situation arrives, you can get help and fix it. If you ever feel like you won’t be able to make the monthly payment on time or at all, you should talk to our loan agent immediately.4
We will guide you and help you as much as possible. But kindly note that too many missed payments can lead to the repossession of a vehicle.4
Are You Looking For Extra Cash? Apply For a Car Title Loan In Brunswick!
If you are short of cash and wish to get money at a short notice, you can apply for a car title loan in Brunswick!1 You can get quick cash even if you do not have a perfect credit score! So apply online now and get your money within 24 hours!2
