Auto title Loans processes
Posted by car looaa on January 14th, 2020
Auto Title Pawn
We will now take a look at car title loans
Do title loans require a credit check?
Title Loans does not reject you based on your credit score. Lenders use a wider range of criteria when we make our decision on your loan application approval. Nevertheless, they do usually perform a credit check only to ensure that you are not currently undergoing credit counseling or in active bankruptcy
How fast is the loan approval time?
Sometimes, due to some document submission or information complications, the approval time can take more than 24 hours. You can receive your funds in as little as one business day.
Another important factor that’ll increase the approval time of your loan depends on how fast you submit all the necessary paperwork. In order to give a surge to the approval process, kindly make sure that you submit all the essential documents on time. We guarantee you that we will make it certain that your loan application gets approved in the shortest time possible.
What are the pros and cons of title loans?
Pros of title loans:
• Easy application process
• Current employment not necessary
• Perfect credit is not required
• Quick funding
• Keep driving your car
Cons of title loans:
• Higher interest rates
• The possibility of repossession
• Short repayment schedules
How TFC minimizes those cons:
• A sliding interest scale
• There are longer repayment schedules
• No prepayment penalties
Learn more about car title loans here https://www.cartitleloanscalifornia.com/car-title-pawn/