Use Car Title To Get Credit
All that you need to do is to ensure that you have a vehicle of your own. The vehicle should be in the name of the applicant and should be free from any previous loan or dues. Considering the fact that the approval time is maximum 24 working hours. Even those who have bad debts in their name, can apply for the same without worrying about rejection. Since, these are secured loans, for this particular credit option, the lending company has nothing to do with the credit score. The loan is secured against the vehicle, which eliminates the need for the applicant to have a perfect credit score.
Since, these are short term loans, the applicant needs to repay the loan within stipulated time. In most cases, the repayment period is somewhere between 30 to 60 days. You do not have to worry about paying installments that run for years. You can stay stress free by paying a single installment. All you need to pay along with the principal is a little interest. With minimum interest and minimal processing fees, this is a highly affordable credit option.
The eligibility criteria are as follows. Firstly, the applicant needs to be at least 18 years of age. He or she should be having citizenship of US or equivalent rights. Other terms are regarding the title of the vehicle. Some companies might impose the condition of employment but this is flexible in most cases. The amount that you could get as credit depends upon the condition of the vehicle. The company usually evaluates the condition of the vehicle and suggests a market price for it. Based upon the market price, the company can avail credit up to 50% of the market value.
Considering the benefits of Car Title Loans in Oklahoma City, all can stay stress free about the financial needs.