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How A Title Loan Can Help With Urgent Expenses

Urgent expenses can catch you by surprise, but getting a title loan with help from Auto Cash USA can be a valuable way to deal with them. Title loans let you borrow money against the value of your vehicle by using your car title as collateral. They also come with several benefits that make them helpful when dealing with urgent expenses.

As you read through this guide, you’ll first get a quick rundown about title loans and how they work. Then, you’ll discover several important ways these loans can help you deal with urgent expenses.

How Do Title Loans Work?

Whether you’re familiar with title loans or if this is your first time, let’s get some information about how these loans work.

A title loan is a way to use your car to borrow money quickly for your urgent needs. The amount of money you qualify for depends on your car’s value and how much you can afford to repay. Title loan funds can be up to as much as $15,000.

However, the car itself is not the collateral that is needed to get one of these loans. Instead, your lien-free car title is what you’ll use to secure the money.

That’s an important distinction to make because it’s also why you get to keep your car when you get a title loan.

These loans are quick and easy and only require a few items to obtain. That’s why it’s an option worth considering when you have urgent expenses to pay for.

how a title loan can help with urgent expenses

How Can A Title Loan Help With Urgent Expenses?

Now that you’re up to speed, here are 5 ways that a title loan can be helpful when you have urgent expenses to deal with:

1. Using A Common Asset

First, title loans can be helpful because they require a common asset you likely own: your car. 

That means the vehicle you have sitting in your driveway or in your garage could be the thing that helps you get over your financial hurdle quickly with as little fuss as possible.

Remember: you must be the full owner of that vehicle to get a title loan. The title must be ‘clear’ or lien-free and registered in your name. 

If that’s not the case, you need to visit the DMV office first to transfer the title before proceeding.

2. You Can Keep Your Car

It’s also helpful that this loan lets you keep your car. You’ll only need to bring it in for a quick inspection to assess its value to determine how much you can borrow.

Once that process is complete, you can drive the car home and continue your daily driving routines.

Being able to keep your car is crucial because it means you won’t have to be inconvenienced or pay extra for alternative transportation. Instead, you can focus all your finances on paying off your urgent expenses.

3. Fast Approval And Payout

Speed is another reason why this type of loan is helpful. The approval and payout processes can happen quickly, enabling you to pay your urgent expenses with little or no delay.

That also means you won’t have to disrupt your daily schedule too much to get one of these loans. Instead, you could complete the in-person part of the process in as little as 30 minutes.

After approval, you could get the money as early as the same day or the next business day.

person explaining how title loans can help

4. Good And Bad Credit Welcome

Accessibility is one factor that people often overlook when comparing loan choices. Some borrowers need to ask, “Can I get a title loan even if I have bad credit?”.

The answer is yes! Having perfect credit is not a requirement. Instead, you can proceed regardless of whether you have good or bad credit as long as you meet the necessary requirements.

5. Usable For Any Urgent Expense

Last, this type of loan is helpful when you need assistance with urgent expenses because you can use it to pay for anything!

Urgent expenses can take many different forms, including the following:

  • Medical bills for you or your family members.
  • Overdue utilities and rent.
  • Urgent repairs for your house or car.
  • Any other payment that cannot be delayed any longer.

Use your title loan to pay for those expenses and resolve your financial hurdle immediately!

Get In Touch Now!

You don’t have to keep your urgent expenses waiting any longer. Just fill out and submit the secure inquiry form provided by Auto Cash USA to get the process started. Soon after you do that, a helpful loan specialist will call you to discuss your financial needs.

Then, they’ll connect you to a suitable licensed loan lender who can help you. At that time, one of their representatives will guide you through every step until you complete the process!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.