Wondering if a vehicle title loan in Fort Wayne, IN is right for you? There are many different reasons you may want to consider applying for a vehicle title loan – so here are just a few reasons that auto title loans may be a good option in your situation.
To Get a Loan Even If You Have Bad Credit
If you have bad credit or no credit, you may not be able to qualify for personal loans. In some cases, you might not even be able to get a payday loan, particularly if you have black marks on your credit like one or more bankruptcies.
However, your credit does not matter when you apply for a title loan. This is because your car acts as collateral. If you do not pay your loan, the lender could take your car to recover the value of the loan.
This decreases the risk for the lender. Because of this, most title loan companies like Title Loan Fast are willing to lend to anyone with a free and clear car title. As long as you meet our requirements for a title loan, we’re willing to work with you to get you the cash you need.
To Cover Unexpected Expenses & Bills
Even if you’re working toward a better financial future, it’s common for unexpected roadblocks to pop up and require you to cover emergency costs. Maybe your spouse or a family member has lost their job, and you need some extra cash to cover living expenses. Maybe your utility bills were higher than you expected, or you need to cover unexpected medical costs for yourself or a family member.
There are many such situations when you may need emergency cash to cover your costs. A title loan can be a good way to get access to this cash in Fort Wayne, IN. As long as you have a free and clear car title, you could get up to $5,000 from Title Loan Fast depending on your income and the value of your vehicle.
To Get a Better Rate Compared to a Payday Loan
One of the biggest benefits of title loans is that they are usually cheaper than a payday loan. If you’re considering a payday loan but you have a paid-off car, you can save money on lending fees and interest by choosing a title loan in Fort Wayne, IN instead.
Know If a Title Loan in Fort Wayne, in Is Right for You!
A vehicle title loan in Fort Wayne may be a good option for you if you have a paid-off car, need quick cash for unexpected expenses, and are looking for a better alternative to payday loans. Ready to get started? Apply for one of our title loans in Fort Wayne, IN now by clicking here.