Applying for a loan can be a long and arduous process, especially if you choose to apply for a traditional loan that requires a detailed application and credit check. Sometimes, you may wait days to even receive a decision from the lender as to whether or not your application has been approved. From there, even if it has, you may end up waiting another week or more for the funds. Fortunately, those who need to borrow cash but do not have time to waste can also consider the option of applying for a car title loan.
A car title loan is a type of short-term loan that allows you to place your car’s title as collateral, which in turn makes it possible for you to bypass the traditional credit check process. In most cases, all you need to do is provide proof of your car’s title clean of line holders, have the value of the car assessed, and receive the money you need within just a couple of days. From there, you can pay back the loan within two weeks to a month and build your credit by doing so.
By taking out a car title loan, you can save yourself the hassle of going through a detailed application and credit check process. Instead, you can get approved by the lender the same day you apply and receive the funds that you need. From there, you can use the funds for any purpose. There are many auto title lenders out there to consider checking out, with 1800LoanMart being one of them.