Online Title Loans – How To Find The Best Lender
In order to find the right online title loan lender for you, here are some important questions you should ask.- What options are available to you? Do you want to take out a car title loan, a motorcycle title loan, a signature loan, or a personal loan?
- Before you proceed, check the online application and process of approval. You will also need to know if you are getting a car title loan, that the company requires an appraisal of your car.
- Ask how long it will take for you to receive your cash. I many instances, you can get the cash within 30 minutes. Also find out if they can send the cash directly to your bank account.
- If you are taking out a car title loan, it is important to know how old the car is for the loan company to be able to accept your application. Most companies accept cars 2001 and newer.
- Ensure that if you do get a title loan, that the title will be returned to you once the loan is paid. Also inquire if you can drive your car while paying off the loan.
- Ask how much the fees are. Most loan companies today are offering competitive rates due to the booming business in this field. Experts suggest that larger loan companies will offer lower rates. Be sure to check for these larger companies online.
- Make sure that the lender online is licensed in your state. There are many online sites that are not.
- Finally, inquire if there is pre-payment penalty. While larger companies do not, there are those that will take advantage, so check the lending sites carefully.