5 Star Car Title Loans in Cincinnati, OH
Financial hardships call for alternate and instant options. There are times in your life when you are left with no other option than to borrow money. While turning to big financial institutions sounds like a good option, their loan process can take days, weeks and even months.
In such testing times, title loans may help you get money in a short timeframe.2 Car title loans have become one of the quickest and easiest ways to borrow money.1 So, 5 Star Car Title Loans offers title loans to those reeling under stressful times.1
What Are Car Title Loans?
Title loans are loans secured against vehicle titles. So, you can get money by keeping your car title as collateral.1 The whole process of getting title loans is secure and easy and you can get money in, as short as, a day.1
There are other names by which title loans go. These include:
- Pink slip loan
- Vehicle Title Loan
- Car title loan
- Auto title loan
- Vehicle Equity loan
How Do Auto Title Loans Work
Car title loans are secure, simple and easy. What happens is that the borrower puts his car title as collateral, the lender becomes the lienholder, and the borrower gets the money from the lender based on the equity of the vehicle, the borrower’s income and his ability to repay.1 After that, the borrower has to repay the loan amount plus the interest rates.1 The borrower can get the loan money and keep driving his car even before the loan has been repaid.
Once the loan is repaid, the lender removes the lien and the borrower gets a clean title. This is the last stage and then the loan is closed.
Understanding the Benefits of Title Loans Online
There are many reasons to send in an application for instant loans online. Once you work with 5 Star Car Title Loans, you’ll understand why people love the convenience of online loans. Here are a four of those benefits:
Stay where you are and apply anytime – Wherever you are, if you have access to internet you can open your smartphone, tablet or laptop and send in your application. There is no need for you to go anywhere!
Fast and easy applications – Everything from turning in your request all the way to signing a final contract can be accomplished online.
No obligation offers – when you send an application to 5 Star Car Title Loans, you are under no obligation to accept any offer.
Quick and fast comparison shopping – By sending in one application, you are able to receive offers from multiple lenders. Compare terms and costs and select the best deal for your situation.
Can I Keep My Car if I Get an Auto Title Loan in Cincinnati, OH?
We are not sure about all the lenders, but with 5 Star Car Title Loans, you can keep driving a car even if you get your loan money.1 You just have to make the monthly payments on time to keep driving your car.
The reason behind us letting you keep your car is that we have legal rights over your car through the lien we put on the title. We expect you to keep paying the loans and we won’t ask you to submit your car (or keys).1
What Documents Do I Need for a Car Title Loan in Cincinnati, Ohio?
With 5 Star Car Title Loans, getting a car title loan in Cincinnati is easy.1 You can get the loan amount the same day but for that, you need to have the required documents.2
These documents are necessary to apply for title loans in Ohio, so, make sure that you have them even before your start the loan process.1
These documents include:1
- Government or State Issued ID: The first requirement of a title loan is a government-issued ID. This can be a driver’s license, a passport, or any other form of ID with your photograph on it.
- Vehicle Photos: Another requirement of title loans in OH includes the latest photos of your vehicle. Usually, lenders demand in-person inspection of the vehicle, but sharing your vehicle’s latest photos is another easy and fast option.1
- Bank Statements (or other documents to prove income): In order to demonstrate your ability to repay, you need to give proof.1
- You are not strictly required to have a 9 to 5 job to apply for title loans, however, you need to provide proof such as a disability award letter, tax statement, or some other form of government-issued income (this may suffice for income proof).1
- Proof of Ohio Residency: While applying for a title loan in Ohio, you must have residency proof. For proof of residency, one can show a utility bill or a recent credit card statement with your address.1You can also give your mortgage statement or rental agreement to prove your residency.1
- Qualifying Vehicle Title: In order to get a title loan in Ohio, one must have a qualifying vehicle title in his name.If the vehicle title is not in your name, you can ask for our assistance and we may come up with a solution.1
Online Car Title Loans in Cincinnati–In Three Easy Steps
5 Star Car Title Loans can offer quick solutions to tackle your cash crunch. You can get cash fast once you meet the eligibility of title loans in your state.1
We understand that going through a lot of paperwork in these stressful times can be challenging, so, we have tried to keep the loan process quick and easy (and online!)1
Three easy steps of online title loans:
Step 1: Apply online
To start the process of title loans, you can visit the official website of 5 Star Car Title Loans and apply online by filling out a short enquiry form.In this application, you will be asked to provide a few details (such as your name, address, car’s make & model, photos, etc.)1
You can fill out the form on your own or you can simply call us and our loan agent will get in touch with you.1 He will give you a pre-approved estimate containing the minimum loan amounts, Annual Percentage Rate, how much cash you will get, and the whole payment plan.1
Step 2: Submit the documents
Once you have filled out your form, and have received a pre-approved estimate, the next step includes submitting the important documents to verify your vehicle ownership.1
Our team will then review the documents. The sooner you submit, the faster your step will proceed and get your final approval.2
Step 3: Get your money!
After you have completed your form, and have submitted all the necessary documents, you will be presented with a loan agreement containing the loan amount, interest rates, monthly payments, etc. In order to get your money, you will be required to sign the loan agreement.1
All Credit Types Invited to Apply for Cincinnati Title Loans
Got a poor credit report? All the big financial institutes are asking for a credit check? When dealing with title loans, one does not need to worry much about credit scores.1
It is true that in some instances, a credit check is required, but it is not always the case.1 Therefore, it is safe to say that you may get a title loan with whatever your credit score is. Since title loans depend on (but are not limited to) two main factors:1
Ability to repay
By far, the most important factor that determines your title loan is your ability to pay. This includes showing your income that will further demonstrate your ability to pay.1
Vehicle’s Equity
Another factor crucial to your title loan is the equity left in your vehicle. For anyone wondering how the cost of title loans is determined, please note that it is based on the equity left in the vehicle (plus the ability to repay the vehicle owner).
Consequently, if your ability to repay is great and there is much equity left in the vehicle, you might get a larger loan amount.1 And chances are that you may be spared from a credit check, too.1
How Fast Can I Get My Title Loan’s Money?
Title loans are known for being fast and instant. So, if you have fulfilled the requirements, sent in all the necessary documents and have completed the whole process with no scope of revision, you may get the money in as short as one business day.2
Can I Apply For a Title Loan Even If The Title Is Not In My Name?
5 Star Car Title Loans in Cincinnati works a little differently. In Ohio, if the car title is not in your name then you need to change this setting in order to get a title loan.1 Having the car title loan in your name is one of the primary requirements for title loans in Cincinnati Ohio.
So, if the title is not in your name for any reason whatsoever, you need to get it changed. For doing so, you need to visit the Ohio Bureau of Motor Vehicles (BMV). You need to carry some documents to the BMV to complete the process.
Documents needed:
- Your Vehicle’s Title
- Your Vehicle Registration
- Some Form of Payment, Cash Preferred
You need to fill in an application and give the documents for verification and the title will be in your name. After completing this process, you will be able to apply for a title loan.1
What are the Benefits of Choosing 5 Star Car Title Loans for an Auto Title Loan?
Challenging times call for innovative measures. It comes especially true while grappling with expenses.1 A title loan can become a big aid while sailing through financially tough times as you will get money in no time. But the benefits of title loans are not limited.
There are a few other benefits that come with a car title loan. Those benefits include:
Customer support
5 Star Car Title Loans believes that the customer is the king and to prove that the company extends incessant support. We are available at your service 24X7. Whenever you feel you are in doubt, you can call us or reach out to us through our website.1
If you do not understand something related to the title loan process, make sure to ring us up and our loan agent will assist you.
Same Day Cash2
A title loan from 5 Star Car Title Loans will help you in getting money on the same day.2 Title loans are indeed beneficial when one is in urgent need of money.
Get Approved Quickly1
A title loan is also preferred by many during low cash influx due to the comparatively lenient eligibility criteria.1 Getting a title loan is easy and simple when choosing our company. We offer online services where you can complete the whole online process of the title loan at your ease.1
Bad Credit Score? No problem!1
A title loan is also advantageous as it does not dig deeper into one’s credit history. You do not need to have a perfect credit score in order to get a title loan.1 Auto title loans do not always need a credit check so you may get a title loan irrespective of your scores.1
Keep Your Car1
Another amazing benefit that comes with a title loan is the provision of keeping your car with you.1 As long as you are punctually making the monthly instalments, you are free to keep driving your car. We comprehend that in tough times, you may need a quick mode of transport that would save your time and what else can be easier than your own car, right?
Are You In Need Of Money?
If you are reeling under financial loss and are in search of some extra cash, you can rely on auto title loans as they will lead you to quick money.1 Even if your low credit score is pulling you down on the list of the big financial institutes, you can turn to us. We will explain the whole procedure of a car title loan to you.
So, stop worrying and contact us for a short term loan!1
