5 Star Car Title Loans in Canton, Ohio
With so much uncertainty filled in our lives, managing our daily bills is no walk in the park!
While the income usually is fixed, the expenses keep on fluctuating and sometimes they increase so much that we don’t have any option but to ask for money from outside sources.
Unfortunately, the hard and lengthy process of traditional bank loans makes the situation worse and more frustrating.
At that moment, you will need an easy short-term loan option with a simple approval process so that you can get fast cash and attend to your immediate cash needs.
Luckily, all of this is possible when you opt to get a Canton title loan with 5 Star Car Title Loans in Canton, Ohio. Let’s understand further and know how to apply for this cash advance loan.
What Is An Auto Title Loan and How It Can Help You In Canton, Ohio?
Auto title loans are fast and flexible cash loans where people can apply using their car title and get money in their bank account in as little as 24 hours.2
These collateral-based loans are secured against your car ownership and the title lender places a lien on your car title to provide you with the much-needed cash.1
Often many people refer to these loans with other names such as pink slip loans, vehicle equity loans, title pawns, auto collateral loans, etc.
What Are The Benefits Of Title Loans?
Intended primarily for personal and household purposes,1 title loans are better and quicker options than many other lending options such as payday loans, small business loans, etc.
Here are some of the reasons why you should prefer applying for these simple short term cash loans in Canton, Oh:
Flexible Repayment Options
In contrast to payday loans, you are not burdened with paying all of the loan amounts in one go. Most title loans allow you to choose your own repayment schedules where you can pay back the loan proceeds in smaller installments.1
Your Car Stays With You
Even though most collateral loans work on you submitting your asset to the lender directly. In-car title loans, a lien is placed on the vehicle’s title and the consumer can pay back the loan while driving their car wherever they want.4
Fast And Easy Online Application
Title loans have an easy and smooth loan process where applicants can apply from the comfort of their home and only need to submit a few documents to get approved for the same.1
Cash Availability Within 24 Hours2
At 5 Star Car Title Loans, we have focused to keep the application and approval process as hassle-free as possible. Applicants will be able to apply online and get access to their long funds within one business day.2
How To Be Approved For A Car Title Loan in Canton, Oh?
One of the main benefits of getting a car title loan in Canton, Ohio is that you don’t satisfy a long list of requirements to just be eligible for the loan. Below are some particulars that can help you get an auto title loan easily and quickly.
Conditions To Apply For An Auto Title Loan in Canton, Ohio
- You should be a legal adult i.e must be 18 years old or above.
- You must have a government-issued id with you.
- You need to present a qualifying car title registered in your name
- You should have a reliable income source to afford the loan.
Getting Auto Title Loans In Canton, Ohio
At 5 Star Car Title Loans, our team focuses and works hard to keep the loan application process easy, simple, and streamlined.
That is why our dedicated team has created an effortless process where customers can apply online and get their loans while sitting on the comfy couch of their living room.
3 Simple Steps To Apply For Canton Title Loans
Step 1: Apply Online
Before you start gathering your document, you’ll first need to check whether you are eligible for a title loan or not.
You can do that either by calling on (888) 309 0994 or by filling out a simple online form. You are only needed to submit some basic details regarding you and your car and you’ll know your eligibility status within 5 minutes.2
Step 2: Submit The Requested Documents
Once you are pre-approved for the auto title loan, our team will contact you and discuss everything you need to know about the terms of your car loan.1
We provide all the necessary information, such as the minimum loan amount that can be used, the interest rate, the repayment terms, etc.
You will then need to provide some documents such as proof of your citizenship, car ownership, ability to repay the title pawn, etc.
Step 3: Get Fast Cash Within 24 Hours!2
Once the documents are verified and you express written consent agreeing with all the auto title loan terms, your loan request will be processed and you can expect to get a direct deposit in your bank account within the same business day.2
In addition, we at 5 Star Car Title Loans offer multiple payment methods such as mailed checks, wire transfers, and money gram transfers, etc. so that customers can get their money without facing any inconvenience.
What’s Required To Be Approved For Car Title Loans in Canton, OH?
When you are applying for a pink slip loan, you’ll be required present certain loan documents that can help to expedite the process and confirm your credentials.1 In accordance with Ohio title loan laws, here is the list of all the documents you’ll need:
Necessary Documents To Qualify For Canton Car Title Loans
A Clean And Lien-free Vehicle’s Title
Car title loans are collateral loans where the loan agents use your car’s title to place a lien on it and provide you with some quick cash.1
Therefore, if you want to get a car title loan, you need to make sure the title you are presenting must be clean, lien-free, and registered in your name.
Proof Of Income
Along with your car’s title, companies want to know and verify whether you can afford your title loan or not. And having a consistent income is a strong indicator that you’ll timely repay the loan installments.
Applicants can show their bank statements, pay stubs, tax returns, compensation letters, or other proofs of income to apply and qualify for a car title loan in Canton, Oh.
Proof Of Residence in Canton, Oh
When you are applying for a Canton title loan, you’ll also need to provide valid proof confirming your address in the city. You can submit your credit card bills, income tax statements or rental agreements to be used as proof of address.
Latest Pictures Of Your Vehicle
Generally in a title pawn, the loan amount varies on the basis of the car value. Thus, many lenders would require to conduct a vehicle inspection.
However, with 5 Star Car Title Loans, customers can click multiple-angle photos of their vehicle (including VIN and odometer reading) and directly upload them on our website to skip the in-person inspection and save their precious time.
Government Issued Photo Id
For a car title loan, canton residents would also need to prove their identity by providing some valid documents. You can present your driver’s license and in case you don’t have that, your passport may also work as a proof of identity.
Couple of References
Some of the title loan lenders can also ask just to confirm your loan affordability.1 The references can be both personal and professional and can also be from outside of Canton.
How Much Cash Can I Get From a Car Title Loan in Canton, Ohio?
As car title loans are collateral-based loans, the minimum loan amount and interest rate highly differ according to the person’s ability to repay and his car value. Usually, at 5 Star Car Title Loans, users can get access to up to 75 % of their car’s market value.
Here are 3 major factors most of the lenders use to calculate the amount of cash you can get:
Ability To Repay The Loan Amount
Your lender wants to know that you can afford the loan and will be able to pay the installments on time.1 That is how having a higher and more reliable source of income gives a good message and you may also be able to qualify for larger amounts of cash loans.
Vehicle’s Condition and Value
As you know that a title loan is a collateral-based loan, your vehicle’s condition and value have a direct impact on the amount of money you can access.1 Having a car of a well-known brand and model will allow you to apply for bigger amounts of title loans.
Equity In The Vehicle
In a title loan, the lender temporarily acquires some equity in your car, and in exchange for that equity, you get some cash. Thus, if you want to access more cash make sure you have a good amount of equity in your car.
Can I Apply For Canton Title Loans Despite Having A Bad Credit?
One of the main benefits of choosing title loans with 5 Star Car Title Loans is that your credit history is not everything to us.1
Even though there could be a routine credit check to determine the lending risk. We keep the process flexible where we consider multiple factors and try our best to provide you with the fast personal loan you urgently need.1
People who had a troubled financial history but can provide a qualifying car title and demonstrate a solid repaying ability stand a good chance to qualify for a title loan despite having a bad credit history.1
Benefits of Choosing 5 Star Car Title Loans in Canton, Oh
At 5 Star Car Title Loans, our focus is always on advancing our customer service so that our consumers don’t face any hiccups and get their title loans easily and quickly.
Here are some of the perks we provide to our title loan customers:
Fast Cash2
Transparent Loan Process1
No Vehicle Requisition
Flexible Repayment Options1
No Prepayment penalties
Get Instant Cash And Pay Up All Your Bills!
If you are facing a cash crunch and have bills to pay, you can take the benefit of car title loans by 5 Star Car Title Loans and get yourself some quick money now.1
Just give us a call at (888) 309 0994 and check your title loan eligibility today.
