5 Reasons to Consider a Car Title Loan Instead of a Traditional Loan

April 26, 2019

Financial emergencies arise when we least expect them. Unfortunately, many Americans are not equipped to handle these situations. That's because most of us simply don't have the savings sets aside to deal with a financial crisis. Many Americans are living from paycheck to paycheck, trying to make ends meet, and even a small financial emergency can put a family behind on their bills, make it difficult to buy food, or even to put gas in their car to get back and forth to work. A financial emergency can quickly set up a vicious cycle that will seemingly never end.


For these Americans, a traditional loan is out of the question. By definition, a financial emergency means you need cash fast. These same consumers who don't have money set aside may not even qualify for a loan through a traditional bank. The good news is, there are alternatives to getting a traditional loan when you need money fast. The best option is a car title loan. There are a number of reasons a car title loan is such a good choice for consumers who may have trouble getting a loan through a traditional lender. Here are 5 reasons to consider a car title loan instead of a traditional loan.

1. Loan Qualification – For many consumers, qualifying for a loan through a traditional lender simply isn't an option. Poor credit score, no collateral, or the bank may simply feel the loan isn't worth their time. Most car title loan companies don't run credit checks, so there is no need to worry about your credit. A low credit score, bad credit score, or no credit score at all will not prevent you from getting a car title loan, so it's a perfect option for anyone worried about their credit.


2. Time Constraints – By default, a financial emergency often means needing money fast. A traditional lender is in no hurry. Banks will get you a loan on their time and on their terms, without regard for how fast you may need money. Car title loan companies can typically get you the money you need fast, which means you can be in and out of the office with your money and taking care of the emergency the same day it happens. With a traditional lender, the process may take more than a day, and in the end, you may still find you don't qualify for a loan.


3. Less Paperwork – A traditional lender can ask for many documents during the course of giving you a loan. Car title loan companies require very little paperwork, which makes the process faster and less stressful. The last thing we need when we're already in stressed about finances is a long, drawn-out stressful loan process.


4. Privacy – A traditional lender will ask why you need the money. Many lenders will issue loan based on whether or not they believe the loan is a "safe bet." This is their right, and chances are, saying you can't pay your bills will not be a reason the bank wants to hear about. This can prevent you from getting a traditional loan. Car title loan companies will not ask personal questions about why you need the loan. You might be behind on your bills, you might have home repairs, or maybe you just want to take a much-needed family vacation. What you do with the money you get from a car title loan is really up to you.


5. Best Alternative Loan Option – Car title loans are better than payday loans, which can have higher interest rates and need to be paid back very quickly. Many car title loan companies offer loans that can be out for more than a year, allowing you time to get back on your feet without having to worry about paying the loan off right away. This makes a car title loan a better option than payday loans.

The Best Option for Car Title Loans

Quick Cash Auto Loans is a consumer finance company licensed in Florida under statute 516. Our goal is to get our customers the loan they need without hassle and without the stress often associated with trying to get a loan through a traditional lender. At Quick Cash Auto Loans, we understand that life can throw you a curveball. We value your business and care about every customer and their individual needs. We keep the process of getting a loan simple. All you have to do is fill out the form on our website and we'll contact you immediately to set an appointment in our office that is convenient for you. We will assess your vehicle for you and let you know the amount of the loan you qualify for, and in most cases, issue a loan for you right there.


Don't worry about paperwork. The documents required for a loan with us requires minimal paperwork and a limited amount of document. We also won't ask personal questions about why you need the money or run a check on your credit. The amount of the loan we offer is based on the equity in your vehicle. There simply isn't an or better way to get a quick loan than with Quick Cash Auto Loans.

At Quick Cash Auto Loans, our priority is always to help you get the stress-free loan you need to take care of a financial emergency. We don't even need you to leave your car behind, which means you can continue to do the things you need to do on a day to day basis with no disruption in your routine. How's that for no stress?


When you are in need of a car title loan to help you solve a financial crisis, contact Quick Cash Auto Loans today by giving us a call at (786) 600-3411 or by filling out the form. We look forward to helping you get a loan without the hassle of going through a traditional lender only to find out you won't qualify. If you're strapped for cash, let Quick Cash Auto Loans help you take away the worry.

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