In times of financial drawbacks, people have always turned to banks for help. They choose to mortgage their house, car or other properties. Some even go to credit card companies to borrow money. However, because of the recent economic crisis the country is suffering, banks and credit card companies have not been available to them. People who are having financial problems and bad credit at the same time are denied out rightly by these financial institutions. Credit history has become a factor in determining a person’s loan approval. Employment has not been kind to them either. There has been a rise in the number of people looking for ways to address their financial needs without the help of these financial institutions and new job opportunities.
To address people’s financial difficulties, car title loans have come to the rescue. People no longer need to worry about their credit history in applying for loans. Car title loans have emerged as a good alternative to people who have bad credit or no credit history. They just need to have a car to qualify for the loan. Lending firms would only require you to use the title of your car as security for the loan. It is not the car itself which needs to be surrendered. It is only used to assess the amount you can get from your car. You just need to give them the title of your car and you get to keep your car and use it. Car title loans are also known for its fast processing and approval. To those who are in need of immediate cash, this loan is definitely for you. Your loan applications can be approved in 24 to 48 hours. There are times that you can even get approved within minutes and get the money you need within hours. You can instantly pay your bills in a day or two. Car title loans give you the money you need when you need it
If you are tired of meeting tons of requirements to apply for a loan, this loan is for you too. Car title loans in ft lauderdale only require you to submit few and basic requirements. Since your car’s title will be put up against the loan, you need to present proof of ownership. You also need to at least have references one of which must be a member of your family. In addition, you need to list the names, addresses and phone number of your references. You also need a valid driver’s license as proof of identification. Proof of residency is also required. Lastly, you should have proof that you can repay the loan such as proof of income and pay stubs.