Sentences with phrase «take vehicle title loans»

Before consumers take vehicle title loans, they need to understand the actual value of the car and make the optimum choice as to whether an

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When you take out a car title loan, the lender will put a lien against your vehicle, meaning that if you are unable to repay the loan, the lender can repossess your vehicle to collect on the debt.

When a lender like us at Easy Choice Lending takes your title, they place a short - term lien on it to enable them to seize your vehicle and sell it in the event you default on your loan.

Once you've taken out a short - term personal loan, vehicle title loan, or payday loan, it's hard to stop the debt cycle.

In fact, 20 percent of borrowers who take out an auto title loan end up losing their vehicles to their lender, reported the CFPB.

We do all of the advertising, have trained sales reps to handle all of the incoming calls, we're open 6 days a week for customers to come look at your vehicle and take it for a test drive, we offer financing... for both good and bad credit, we accept trade - ins, offer warranties on your vehicle, take care of the payoff on your current loan, and we handle all of the title work!

Drop your vehicle off and our professional staff is here 6 days a week to handle all of the advertising, incoming phone calls, test drives, financing... for both good and bad credit, deal with trade - ins, offer warranties on your vehicle, take care of the payoff on your current loan, and we process all title documents.

The title of your vehicle is your collateral for the loan amount that you take out.

For example, if you take out an auto loan, your auto financing is usually secured through the title to your vehicle.

With LoanMart, we take the equity of your vehicle, the condition of your vehicle, and your ability to repay your car title loan to make our lending decisions.

Car title loans use your vehicle as collateral, which means if you default on the loan, the lender can take possession of your automobile.

This means a title loan company could take your vehicle without warning.

Title loans, though uncommon, are loans that require an individual to surrender the title of their vehicle or boat as collateral for the loan they take out from a leTitle loans, though uncommon, are loans that require an individual to surrender the title of their vehicle or boat as collateral for the loan they take out from a letitle of their vehicle or boat as collateral for the loan they take out from a lender.

The notice will contain (i) the date and time after which your motor vehicle may be sold; and (ii) a written accounting of the outstanding balance on your motor vehicle title loan, the amount of interest accrued through the date the motor vehicle title lender took possession of your motor vehicle, and any reasonable costs incurred to date by the motor vehicle title lender in connection with repossessing, preparing for sale, and selling your motor vehicle.

The motor vehicle title lender can not take an interest in more than one motor vehicle as security for a motor vehicle title loan.

Apart from your motor vehicle and any accessories that are attached to it, the motor vehicle title lender can not take an interest in any other property you own as security for a motor vehicle title loan.

Auto title loans are low - risk, short - term loans based around the equity of a vehicle (in this case, your Chevy Silverado 2500) and your ability to repay the loan where LoanMart takes over as the title's sole lien holder.

Sure, a car title loan with LoanMart will get you cash in hand (sometimes in as little as one business day3), we must stress that there's a little more to it to that; car title loans are based around the equity of your drivable motor vehicle and your ability to repay the loan, with LoanMart taking over the title during your payment period.

Based on vehicle equity and the ability to repay the loan, LoanMart allows users full - use and funding, while they take over as lienholder on the vehicle title as a form of collateral, but only over the course of the repayment period.

Most title loan companies only take into consideration two things when they look at whether or not to approve a loan: the market value of your vehicle, and your ability to repay the loan.

Auto title loans work like this: based on the equity of your vehicle and your ability to repay the loan, LoanMart will take over your title as collateral while you get to keep driving and get your loan1.

A common misconception about title loans is that the vehicle is taken by the lender in exchange for the loan.

Auto title loans are going to be based on the equity of your Escalade, with LoanMart taking over the vehicle's title as lien holder for the duration of your payment period.

If you take what you need, then you can pay the loan back quicker and reclaim the title to your vehicle.

When you take out a car title loan in Charlotte, you are using your vehicle as collateral, but you only have to give the lender your title, not your vehicle, so you can retain usage of it and go about your daily business as usual.

Take a look below to see the averages of a variety of different vehicles that qualify for auto title loans with LoanMart:

An auto title loan is based on the equity of your Chrysler 300 and your ability to repay the loan, where LoanMart will take over the title to the vehicle as the lien holder for the duration of your payment period; we do this so that you may have free reign of your car, unlike other lenders that want to impound your car!

The only financing requirement is that the car's title must not have any outstanding loans or liens, meaning you can not take out a car title loan if you are still paying off a car loan or owe back taxes on the vehicle.

All it takes to get approved for a title loan is a clear vehicle title.

A car title loan is based on the equity of your vehicle, where LoanMart takes over as the lien holder for the duration of your payment period.

If you are the full owner of your vehicle, you can consider taking out a title loan in Missouri in a pinch.

Other things that will be taken up would be the total value of the vehicles that you want to use for a car title loan and the repayment scheme that will be followed when the loan is in effect.

The good thing about taking on a car title loan with LoanMart is that the vehicle can remain in use.

Auto title loans allow you to put up your vehicle title, and payday lenders take future income — hence the term «payday» — and sometimes even small home appliances as collateral.

Additionally, if we have taken - out a loan to purchase our vehicle, the title holder may have additional minimum insurance requirements.