Auto Title Loans
Auto title loans, also referred to as car title loans or cash title loans, are a type of secured loan where the borrower can use their vehicle title as collateral. Borrowers must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for the loan. When the car title loan is repaid, the lien is removed and the car title is returned to its owner. If the borrower defaults on their payments, then the lender has the right to assume ownership of the vehicle and sell it to repay the borrower’s outstanding debt.
- Lenders of car title loans typically do not check the credit history of borrowers and only consider the value and condition of the vehicle that is being used to secure it. Since the title of the car is held as collateral, title loan lenders can provide a no credit check loan with confidence that the loan will be repaid.
- Lenders of auto title loans require the borrower to take their vehicle to their location so that they can assess its value. This process usually takes only 15 minutes and borrowers can walk out with their cash loan.
- Some car title loans can be started online then completed when the borrower provides the car for evaluation. These car title loans online lenders can provide cash loans based on a 15 minute inspection.
In addition to verifying the borrower's collateral (car), many lenders verify that the borrower is employed or has some other source of regular income. ConnectFinance can help you determine if you are qualified for a cash title loan and if so, connect with you with an approved car title lender who can provide the loan you need.
Please visit the following ConnectFinance resources for additional information on other types of same day loans.
Debt Help Center
A "personal loan" is a financial product that provides consumers with a low amount, short-term cash loan. These loans are typically 2-3 weeks in duration and are not based on the borrower’s credit. Using a simple application, like the one on this website, personal loans provide borrowers with a financial option for quickly acquiring the money they need to cover small unexpected expenses.
Installment loans are very similar to online personal cash loans in that it's a lending product that enables consumers to quickly acquire money needed to pay for immediate, and often, unexpected expenses. However, an installment loan is repaid over time based upon a set number of scheduled payments, instead of one lump sum like a personal cash loan.
Auto title loans, also referred to as car title loans or cash title loans, are a type of secured loan where the borrower can use their vehicle title as collateral. Borrowers must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for the loan.
A line of credit loan is an online cash loan where credit is extended to individuals to be used as needed over a period of time. It uses a debit card to provide the credit, which the consumer uses for purchases.
A line of credit loan is an online cash loan where credit is extended to individuals to be used as needed over a period of time. It uses a debit card to provide the credit, which the consumer uses for purchases.
