Title Loans in Grove City
5 Star Car Title Loans In Grove City, Ohio
Well, just because your payday won’t be coming soon doesn’t mean you should be stressed and skip planning your home renovations.
Often in life, our expenses and budget are constantly mismatched, and when we need some extra money, our pockets are usually empty.
While borrowing from the bank might be the first idea, the long list of loan documents and days of the process makes them a non-suitable funding way to tackle unexpected expenses.
Luckily, there are other quick and easy funding options, that can help you to get some fast cash and pay for your big one-time expenses such as home renovations, travel trips, medical expenses, etc.
At 5 Star Car Title Loans, we offer simple, smooth, and fast auto title loans where people can apply from the comfort of there and get access to extra funding within the same business day.2
Car Title Loans: What Are They?
Auto title loans (often referred to as pink slip loans or car equity loans) are collateral-based loans that help a borrower to avail required funding in exchange for giving up certain equity in his vehicle.1
In these short-term financing options, the lenders put a lien on your vehicle’s title and claim temporary ownership to provide you with some extra money.1
When you choose to get a car title loan from 5 Star Car Title Loans in Grove City, you can keep your car with yourself while paying back the monthly payments.4
Once all the loan amount and interest are paid, the car’s title is released.1
Getting A Car Title Loan In Grove City
Title loans have a streamlined and simplified application process where the lending company verifies your loan eligibility, collects a few documents, and places a lien on your car title to provide you with some extra cash.1
Here Are Some Easy Steps Of Getting Online Title Loans In Grove City, OH
Apply Online at The 5-Star Website
You can start the online title loan process by knowing whether you are eligible for a loan or not. For that, you can either call at (888) 309 0994 or fill out a simple online form mentioning some basic details about your vehicle and yourself.1
The online application takes only a few minutes to fill and in case you get any queries or doubts, you can reach out to our team for immediate assistance.
Submit The Requested Documents
Once your application is pre-approved, the title loan lender will require you to submit a few documents for the verification of your identity, car ownership, and ability to repay the loan.1
At 5 Star Car Title Loans, our team strives to keep the application process smooth and hassle-free. Customers can also mail scanned copies of their documents and save all the time and effort of visiting places.
Final Verification and Approval
Once we receive the loan documents, our team will contact you and discuss all the terms and conditions such minimum loan amount you can access, the interest rates and repayment schedule, etc.
Sign The Contract and Get the Same Day2 Cash
You’ll also get a loan contract mentioning all the discussed terms and other conditions of the title loan. Make sure you read it carefully and send the signed copy as soon as you can
Once we receive the contract, you can expect to receive your loan proceeds by direct deposit in your bank account or by any other form of payment you chose within 24 hours.2
What Do I Need To Be Approved For A Pink Slip Loan in Grove City, Ohio?
To be pre-approved for a car equity loan in Grove City, the applicant will be required to satisfy certain conditions and provide valid proof for the same.
Conditions To Qualify For A Pink Slip Loan In Grove City, OH
- Residents must show a clean and lien-free title of the car they are using.
- Residents must have an Ohio or government-issued ID with them.
- Applicants should have a valid proof of a steady source of income.
- While applying, applicants must be 18 years old or above.
Basic Documents To Qualify For A Title Pawn In Grove City, Ohio
- Qualifying vehicle title registered in Ohio in the borrower’s name.
- Payslips, Bank statements, or other documents to demonstrate an ability to pay back the loan.
- Latest photographs of the car (including VID number and Odometer reading) for virtual vehicle inspection.
- Valid documents such as rental agreements, property tax slips, or utility bills as a proof of address in Grove City
- A Government or State Issued Photo Id such as a driver’s license or passport.
How Much Cash Can I Get for Car Title Loans?
Unlike payday loans, customers can get access to bigger amounts of cash at flexible terms and comparatively low and competitive interest rates and easily repay it in small monthly payments.1
But as every applicant is different, the final loan amount that a customer can get also varies. Generally, most title loan lenders calculate the amount based on 3 important factors:
Ability To Repay The Loan Amount
Having a higher and more reliable source of income depicts that you can afford the loan and will be able to make timely payments.
Vehicle’s Condition and Market Value
The make, model, brand, and condition play an important role and have a major impact on how much cash you can get. So, if you want to get more cash fast, make sure you use a well-maintained and good-brand car while applying.1
With 5 Star Car Title Loans, you can get an auto title loan of up to 75% of your car’s market value.1
Equity In The Vehicle
When you are taking a car title loan, you are getting a certain amount of cash in exchange for giving up equity in your vehicle. Thus, if you want to get more money, you need to have a reasonable amount of equity in your vehicle.1
Can I Get An Auto Title Loan With Poor Credit?
Yes, it’s possible to qualify for a pink slip loan despite having below-average credit.1 To qualify for a title loan in Grove City, OH, you must have a lien-free title of your car and should have a reliable source of income to prove your ability to repay the loan.1
While having a good credit score indicates a strong financial background, many title loan lenders like 5 Star Car Title Loans do provide title loans even for people with bad credit scores.
At our company, your title loan eligibility is based on multiple factors. While there might be a routine credit check, credit scores are not a major deciding factor.1
So, as long as you showcase your ability to repay the amount and have a good amount of equity in your car, you may be able to get title loans without worrying about your credit history.1
How To Repay My Title Loans In Grove City?
We know that everyone likes to clear their pending debts as soon as possible. Thus to assist our customers in doing that, we offer several easy ways to pay back their title loans.
Credit Card/Debit Card
Reach out to our team and easily repay your loans in seconds by using your credit and debit cards.
You can also use your online payment applications and money transfer methods to pay your monthly installments on time.
If you want, you can also visit our participating stores and submit your installments there and also have a nice face-to-face chat about your title loan queries.
Unlike the tiring and lengthy bank loans, in title loans, you can opt for a convenient payment method and pay small installments regularly and easily.
Can I Get A Title Loan Against My Car If It’s On Finance?
Yes, you can!1
To qualify for a car title loan in Grove City, OH a person needs to have a reliable source of income and a qualifying vehicle with a decent amount of equity in it.1
So, even if your car is on finance, you can still have a good amount of equity in that. You can contact your loan agent to know how much you own and based on that apply for a title loan.
Will My Car Be Taken From Me?
In title loans, the customer gives their car title to the loan company and in exchange gets money in their account.1
This personal loan is secured against the title and you don’t have to submit your vehicle to get or while repaying the loan.
The only scenario when a loan company can take your car is in case of payment failure. However, as long as you pay the timely installments, you won’t have to worry about your car being taken from you.4
Why Should You Choose 5 Star Car Title Loans in Grove City, Ohio
Here are 4 great reasons why you should be choosing 5 Star Car Title Loans for your financial needs in Grove City, OH.
Reason 1 – Our Application Process Is Fast And Easy
You can simply go to the 5 Star Car Title Loans’ website and complete your loan application from your home only. Our executive will expedite the loan applications and will assist you throughout the process so that you can get funding as fast and easily as possible.
Reason 2 – You Can Borrow Up To Your Car’s Value
With 5 Star Car Title Loans, we try to give you the most money you need to tackle your unexpected expenses. If you have a well-kept vehicle with you, you may easily get access to up to 75% of the car’s market value.1
Reason 3 – Your Credit History Is Not Everything With Us!
As our title loans use the car title as collateral, your credit score is not the main deciding factor in deciding the eligibility.1 People with different financial backgrounds can easily apply and get themselves a title loan without worrying about their financial credit.
Reason 4 – We Have Flexible Repayment Options
Unlike other short-term loans, you don’t have to carry the stress of paying the whole loan amount in a lump sum at one time. If you