It’s easy to apply for fast cash loans when you can’t get through another day without cash. It’s simple because you can use the value of a vehicle that you own to get secured loans. Any time you need a personal loan for a little extra money to tide you over until your next payday arrives, you can reach out to online lenders.
The way it works is simple. If you have a vehicle, meaning a private car, a truck, a motorcycle, a boat or even an RV, you can request a cash loan that uses only the value of your vehicle as loan security. By only using your vehicle’s value, you don’t have to give up your vehicle at all. So for the consumer, a cash loan online can be a win-win situation.
Whatever you need money for today, or for whatever financial crisis you are experiencing now, you can apply online to a loan company that will quickly process your urgent request. When applying online, there are no lines to wait in, no appointments to make and you get a quick reply to your cash request.
Applying online only requires a few minutes of your time and answers to a few questions. With this information, an online lender can do a quick credit review and get back to you with a fast lending decision.
Popular Uses for Quick Cash Loans Near Me
There is no limit to the way you can spend the money you get from car title loans. When the loan funds are put into your bank account via a direct deposit, it’s your money. No one tells you how to spend your money when you deal with online lenders.
You might be wondering to yourself now if quick cash online would help you in your current situation. Online lenders, unlike traditional lenders, won’t place limitations on the online cash loan, so you can use it for anything. Some of the more popular reasons for applying for fast cash loans online are listed below, but keep in mind it’s your money and you can use it for your own urgent needs.
- Paying bills that are due, so you won’t send them in late
- Consolidating all your monthly credit card bills into one simple and easy to remember payment
- Covering urgent repairs to your home or apartment
- Using the funds as home improvement loans
- Buying an important and useful item for your home
- Turning in the cash to cover emergency medical expenses
- Helping your aging parents with their unexpected expenses
- Managing your day to day household needs until your next paycheck arrives
It doesn’t matter if you need the quick cash loan for one of the reasons listed above or for something totally different. The point is that when you need money for anything, you can reach out to an online lender to get it quickly.
Cash Loans Online for Bad Credit Borrowers
If you have a bad credit status and you don’t think you’ll pass through the credit check, you can still be approved for an instant cash loan. Using your vehicle as loan security makes it much easier to receive quick funding for any reason.
For a bad credit applicant, a more traditional bank or credit union loan might be out of the question. Bankers tend to shy away from borrowers that they might view as high risk. If you have a poor credit history, your credit score could be too low to be considered by a traditional financial institution.
Online title loan lenders view your situation on a different way. They know that even if you have a bad credit history, that doesn’t mean you can’t pay back your quick cash loan today. Unexpected expenses can happen and what happened in the past doesn’t always reflect your situation today. By looking at your income and the value of the auto you are using as loan security, a lender can give you instant approval for your fast cash loan request.
Compared to to the credit criteria and credit checks used by traditional bank lenders, the online process is more lenient. Online loans are approved according to credit criteria that is more flexible. This makes it easier for users with a bad credit score to be approved without a lot of red tape or other problems.
Whatever your financial picture looks like today, don’t worry about the past when applying for cash loans online. Any time of the day or night, feel free to send in your quick application form and get quick answers and a fast lending decision.
Easy Steps in Online Car Title Loans
With the ease of accessing the internet from wherever you are, there are no time restraints to keep you from applying online at any time. If you have. your laptop, smartphone or tablet handy, you can begin with the first step now.
At the end of the first step, the loan company will begin to review your application so you can receive a fast lending decision. With loan approval and a loan agreement to sign, you can get the fast cash and begin spending it. Take note that you are not required to sign anything. If you don’t agree to the terms of the loan offer or the loan amount doesn’t fit your needs, you don’t have to accept it at all.
If you do agree to the loan offer and you want to get your cash, continue on.
Here is how you get started with the first step:
- Open your electronic device and navigate to the lender’s website.
- Fill in the blanks on the form and submit it along with any necessary documents..
- Submit the completed request for a cash loan online to the lender.
2nd step of the online loan approval process:
- Customer service representatives of your online lending company will quickly begin to review your inquiry form.
- They will confirm the value of your vehicle and your ability to pay, along with their regular credit criteria.
- If your request is approved, they will reach out to you with a loan agreement.
3rd and final step in the quick online title loan process:
- The ball is now in your court, when you must decide if you want to accept the loan offer. If you agree to the loan terms and want the cash, then sign it and continue.
- Submit your vehicle’s title to the loan company so that you can continue the quick loan process.
- The lender will notify you of final approval and instruct you so you can get your loan funds right away.
Those are all the steps involved in getting cash loans online. With your loan funds in your personal bank account, you are free to take the money and spend it. Be prepared for your first title loan payment, which is according to the schedule you received from the lender.
Which Requirements and Documents to Prepare for Fast Cash Loans Online
The bottom line is that you want to get fast cash and your lender wants to help you as quickly as possible. To make that happen, you can be one step ahead of the game by getting your private information and required documents together in one spot. Then, when you fill in your online application form or when the customer service team reviewing your request reaches out to you for them, you won’t need to go looking around.
The information and papers that you might be asked to produce should be near you in your home or your vehicle, so you don’t need to go far to find them! Go ahead and fill out your online title loan application now and if more details are needed, you’ll be notified.
Requirements for quick approval of online cash loans:
- Title to your vehicle – There are many types of vehicles you can use to secure a loan, but whatever you want to use it must have a title. The vehicle’s title needs to be clearly listed with your name as its owner and it should not have liens against it. If you see any potential problems with your car title, go to the DMV or reach out to your lender’s customer service staff for help. Sometimes the title was not transferred properly or the car loan company may think you still owe payments. If there is anything wrong with the title or if you cannot even find it, go to the DMV for advice.
- Specific details of your vehicle – Besides stating if your vehicle is a car, a boat, a motorcycle, a recreational vehicle or a truck, the lender needs to know its specific details. The price might be verified by using Kelly Blue Book as a guide, but specifics such as how many miles it’s been driven, if it’s been in accidents and how you’ve taken care of it will also have an affect on its value. Of course the basics will begin with the auto type, model style and year.
- Personal bank account – Give the lender your bank’s details so the direct deposit of your cash funds will be fast. Besides the name of the bank itself, also include the name your account is listed under and the bank account number. After funding, you can set up automatic payments from your account.
- Residential and online communication – Write in your email address and the physical address where you live. The loan company will need proof of your address, so include some recent bills that show your name and the address of your residence. You could consider using your rental or mortgage agreement and a recent utility bill for verification purposes.
- Current monthly income – to confirm your present income, send the name of each job where you work as well as the source of any other income or deposits made into your account on a regular basis. Besides pay stubs to prove your salary, include official documents or bank statements to show your additional sources of income.
- Government photo ID – Use a driver’s license, a passport or a state issued ID.
- Vehicle registration – This should prove that your vehicle is registered in the same state where you live and where you are requesting quick cash online.
Where to Go for Quick Cash Loans Without a Bank Account Near Me
As with most things in life, when it comes to getting cash loans near me, you have lending options and choices. Some consumers might prefer to go the old fashioned route of a traditional financial institution, like banks or credit unions. But many people prefer the ease and conveniences of working with online lenders.
If you have bad credit, you might have an easier time being approved for a bad credit loan when you work with online lenders. The credit criteria for getting cash online is more flexible with bad credit consumers. Besides other factors, there is less red tape involved when working online. Any credit report, whether bad credit or excellent credit, is eligible to request online cash loans.
Short List of Online Benefits:
- Availability: Online lenders work through their own websites, which is always available. By going online, you can actually send in an urgent request for instant cash online anytime you need it. With the website being available 24/7, you can submit your application form day or night, at 2am or at 2pm. The time does not matter.
- Quick replies: When you have finished sending in your online request for an instant cash loan, the customer service department will begin the reviewing and approval process. In a matter of minutes you might hear back from the lender regarding the lending decision. Online lenders take your urgent need for cash very seriously and want to help as quickly as they can.
- Fast funding: If you were approved for a cash loan online and you signed off on the loan agreement, the lender will begin preparing your loan proceeds. In as little time as one business day, your emergency cash might even be available in your private checking account.
- No spending limitations: With online loans, the lender won’t tell you what you can or can’t use the money for. It’s your cash so you should spend it on what you need the most. Whether it’s bills, medical expenses or a car trip across the state, it’s all your choice. Prioritize what you need to pay first and use the extra cash to take care of it.
- Bad credit types accepted: There are no restrictions on who can apply online for car title loans. If you have bad credit, if you have been through bankruptcy proceedings or if you have fair credit, you are still welcomed by online lenders who want to help.
- Easy and simple steps: From the beginning, when you submit your original loan request and loan documents to the online lender, all the way through to final approval and funding, the online lending process is smooth and fast.
Types of Online Title Loans
Online title loans are an easy way to get fast cash loans that can be used to take care of your emergency expenses or unpaid bills. The various loan options can be used as debt consolidation loans, to pay off credit card bills and consolidate them into one single payment or it can be used to cover unexpected bills and expenses. What the money is used for is no one’s concern or business but your own.
The important thing to know is that if you have ownership of a vehicle and if that vehicle has value and a title, you can request to use its value as security for a quick secured loan. The specific loan amounts range from the minimum loan amount to the maximum loan amount, depending on your vehicle. Although consumers are usually the most familiar with car title loans, there are other types of vehicle loans.
Following is a list of the top vehicles used to secure personal loans:
- Auto title loans
- Motorcycle title loans
- Boat title loans
- Recreational vehicle (RV) title loans
- Truck title loans
If you own one of these vehicles, it has good value and your name is on the title as its owner, feel free to send in your request for an online title loan at any time. You can expect to get a speedy reply to your cash loan request.
Going Online for an Instant Cash Loan
Anyone who works hard for their dollars can hit periods where their cash flow just isn’t enough to cover unexpected or urgent expenses. Even if you have been able to save money, it isn’t always enough when you need emergency cash.
At 5 Star Car Title Loans, we understand how difficult it can be to deal with an unexpected expense. You might have some tough financial decisions to deal with, so you need loan options that can provide instant funding.
With instant funding, you can take care of your cash crisis and be on your way. Instead of waiting, users are invited to send in request for cash loans today.