Cash Deposit Atm Near Me

  1. Cash Deposit Atm Locations

A title loan is what’s called a “secured loan”. A secured loan? Ah, yes… that means you could borrow cash by providing your vehicle’s title as collateral. This collateral is what secures the loan. When you take out a car title loan, the lender will place a lien on your car’s title. It’s important to understand this step – a lien means that the lender will be on YOUR title. So at this point, you do not own your car outright.

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Give me the cliff notes...

  • People with poor credit may be more likely to get approved for a title loan than another type of personal loan because they can use their car title as collateral
  • Based on the value of your vehicle, you may be able to borrow from $100 up to $25,000
  • When you borrow a title loan, your lender’s name will be on your title
  • Your title won’t be released until you pay your loan in full
  • If you miss loan payments, the lender could repossess your vehicle (so it’s important to make payments on time!)

What are reasons to apply for a title loan?

  • Unexpected medical expense
  • Home applicance replacement
  • Need more cash than a payday loan
  • Don’t have accesss to other forms of credit
  • Have poor credit

What are some alternatives to car title loans?

  • Payday Loan: If you are only needing cash to get you by until your next payday, then you might conider a payday loan. However keep in mind that payday loans typically only go up to a max amount of $1,500.
  • Co-Signer: A co-signer might help you qualify for a loan. Co-signers are responsible for the loan if you do not pay it back. So make sure you and the co-signer understand all of the risks before going this route.
  • Explore Ways to Make Extra Money: If time is on your side then you might consider options to supplement your income like selling unwanted items, babysitting or freelancing.

What happens if I can’t make a payment on my title loan?

Since the lender will have placed a lien on your car, they have the right to repossess your vehicle if you default on your loan. If you have a title loan from Speedy Cash and you won’t be able to make a payment, let us know as soon as possible by stopping by a store or calling us at 1-888-333-1360. We may be able to extend your due date, work out a payment plan or refinance your loan. If you don’t contact us to work out one of these options your car could be repossessed.

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Cash Deposit Atm Locations

Title loans are an expensive form of credit. If you have access to cheaper alternatives, that may be in your best interest.