Car Title Loans: 5 Things to Know Before You Get One

January 15, 2020

Car Title Loans, auto title loans, title loans, and vehicle title loans are just some of the things you might have heard if you've found yourself in a situation where you need money. Car title loans are a great way for consumers in need of cash to get the money they need without going through the hassle and time-consuming process of getting a loan through a traditional lender such as a bank or a credit union. For many consumers, a car title loan is one of the few options they have for various reasons. Sometimes they simply don't have the time to wait for the process to be completed at a traditional lender. Sometimes the consumers just might not have the credit or collateral available that a traditional lender may want before they issue a loan. Whatever the reason, car title loans are ideal for consumers who need money fast. If you're looking for car title loans, here are 5 things to know before you get one.

1. No Credit Check Required – This is probably one of the biggest advantages to getting a car title loan. So many Americans have low credit ratings, which a bank frowns upon when considering you for a loan. In fact, without a pretty good credit score, chances are you won't get a bank loan at all, and if you do, you will need a co-signer. This is still no guarantee you can get a loan. You can get car title loans without a credit check. In fact, car title loan companies typically do not even check your credit, which means your credit isn't affected one way or the other. When you get a car title loan from Quick Cash Auto Loans, we will never check your credit. We won't know if you have good credit, bad credit, or no credit at all. The loan you get from us is based on the value of your car, not on your credit history.


2. No Restrictions on Spending Your Loan – When you get a loan from a bank or credit union, one of the first things they will do is ask you how you plan on using the money. While many banks might not restrict your use of the money, they may not like the idea that you're trying to get a loan because you need to pay off bills you fell behind on. You don't need to worry about that when you get a car title loan. At Quick Cash Auto Loans, as with most car title loan companies, you can use your loan for anything you want. At Quick Cash Auto Loans, we value your privacy and won't even ask you why you need to get a car title loan. There are numerous reasons consumers take out a car title loan. Unexpected medical expenses, groceries, past due bills, money to "get by" for a period of time, money to spend on something special for the family, or even vacations are just some of the reasons Quick Cash Auto Loans customers have taken out car title loans. The loan you receive from us is yours to use as you want.


3. Car Title Loan Companies Don't Want Your Car – People who are negative about car title loans always make it sound as if car title loan companies are in the business of obtaining and selling cars. Not true. In fact, the last thing we want to do is have to worry about selling cars. A car title loan company makes its money by getting consumers the money they need fast. Holding on to your car title is just our way of guaranteeing the loan. We aren't waiting for you to miss a payment so we can run out and sell your vehicle. In fact, we will do everything possible to work with you before anything that drastic happens.



4. Car Title Loan Companies Are Monitored – You might believe that car title companies have no rules and regulations to follow. This isn't true. Quick Cash Auto Loans, as well as any legitimate car title company, adheres to industry guidelines. We are a consumer finance company licensed in the State of Florida under Statute 516, with a mission to help those who need money fast and wish to avoid the long process of applying for a loan at other financial institutions. We adhere to the laws and regulations governing car title loans in Florida.


5. You Don't Need a Job to Get a Car Title Loan – Most people assume that there is no way possible to get a car title loan if you are unemployed, but you don't need a job to be able to qualify for one. All you need is a verifiable source of steady income. If you have money coming in regularly, you can get a car title loan. That means you can get a car title loan if you receive benefits of any kind, retirement money, or disability. Quick Cash Auto Loans makes it easy for you to qualify for a loan with us and get the money you need when you need it.

There are other things it's helpful to know before you get a car title loan, like How To Avoid Common Title Loan Scams and How To Know If a Car Title Loan Company is Legitimate. With legitimate car title loan companies, you only need to leave your title behind, not your car. At Quick Cash Auto Loans, we will never require you to leave your car with us to obtain a car title loan. We know that you still need to be able to get around. You can get a loan from us and keep driving your car the same way you always do.


What about interest rates? Are they exceptionally high? Quick Cash Auto Loans offers some of the most competitive interest rates in the market. In fact, our interest rates are much lower than those of a payday loan company. We have qualified loan experts who are waiting to answer all of your questions about our interest rates and explain to you how car title loans work. For those who wish to get a car title loan and pay it off early, Quick Cash Auto Loans makes it easy for you to pay off a loan without penalty. This means you can get the money you need when you need it and get rid of the payment once you've taken care of the things you needed to take care of.

Quick Cash Auto Loans is the answer to your car title loan needs. No other car auto title loan company offers the same professional and personal service as us. Our priority is to make sure our customers get the best loan experience possible. At Quick Cash Auto Loans, we have the lowest interest rates in the business, flexible loan terms, and a strict privacy policy that ensures we will never share your personal information or ask why you need to get a loan from us. We are the best place in Florida to get a car title loan.


Getting started is easy. Call us at (786) 600-3411 or fill out the form on our website. Our loan experts can answer any questions you have regarding the things you need to know before you get a car title loan. Let us be your source for an auto title loan when you need it.

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