When a cash emergency rises, people often head to their bank or credit union to see if they can apply for a loan. Unfortunately, these lending institutions are not always easy to work with. The process for applying for a loan can be tedious, and it can lead to being turned down if you cannot jump through all of the hopes they require. When a person is approved for a bank loan, they may end up waiting over a week for their money. For those who want an alternative, there are Auto Lenders in San Antonio.
A title loan is one that is based on the clear title a person holds for their vehicle. The title loan company agrees to loan a specific amount to the borrower. During the loan period, the lender holds the car title until the loan is paid off.
Applying for title loans with Auto Lenders in San Antonio is a fairly easy process. There are no credit checks and no employment requirements. As long as the title is in the applicant’s name and they can prove they have some type of income coming in each month, they can be approved.
Most auto lenders have online applications that can make the process easier. Many lenders will require a borrower bring their car in to ensure it is in good working order. The title will need to be in the possession of the borrower since it will be sent in and held until the money is repaid. If a title is held jointly, both names on the title will need to apply for the title loan.
As long as the borrower makes their payments on time and repays their loan as scheduled, they will be able to retain ownership of their vehicle and continue to drive. If payments are not made, the company may seize the vehicle according to the terms and conditions agreed upon when signing up for the loan.
If you own a vehicle and have a clear title, you can easily borrow the money you need. Visit XpressTitleLoans.com and start your online application. They will be happy to lend you up to $25,000 on your vehicle title.