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Searching for a loan online can seem like a hassle. When you need cash fast, you might be wondering: How can I speed up the process to get a loan? With options like a ChoiceCash Title Loan in Toledo, Ohio, residents get a loan online in as little as 24 hours!1
How Can I Use My Car’s Title To Get Cash?
Title loans are called a few different names, such as an auto advance loan or a pink slip loan. While the name might be different, they function the same way! Title loans are a unique type of loan that can allow you to use the equity in your vehicle to secure a loan. This means that the title of your vehicle will be the collateral for the funding, which helps your chances for loan approval!
Using collateral through a secured loan can make title loan approval flexible and easy.1 While you are using the title of your vehicle to secure the loan, you can keep driving your vehicle as you normally would while you make timely payments.
How Do I Know If My Car Has Enough Equity for an Auto Advance Loan in Toledo, Ohio?
In order to be eligible for a loan in Toledo, Ohio, there are two major requirements:
- You Must Have the Ability to Repay the Loan
- Your Vehicle Must have a Certain Amount of Equity
This means that your car must have some market value. While most borrowers aren’t aware of their vehicle’s market value, there are easy ways to find out! Some of the factors that contribute to your car’s equity are:
- The Make of Your Car
- The Model of Your Car
- The Style of Your Car
- The Current Mileage on Your Car
To find an estimate of your car, there are some helpful resources available. Some options include online appraisal or going to a dealership. Ohio borrowers looking to get a title loan online can also get an estimate of their vehicle through ChoiceCash Title Loans. Then, borrowers can use this estimate to get funding!1
What are the Benefits of Choosing a Title Loan in Toledo, Ohio?
There are many different types of alternative funding options all across Ohio. So, what makes a title loan the better option?
Since title loans are secured loans, they can offer borrowers many advantages from their use of collateral. Some of the most beneficial aspects of a title loan are:
- Faster Cash: When borrowers choose loan options like ChoiceCash Title Loans, they can get their funding in as little as 24 hours if approved!1
- Keep Driving Your Car: While you will be using the title of your vehicle to secure the loan, it is not necessary for you to give up your driving habits! Responsible borrowers can continue to drive their vehicle as they normally would during the repayment process if they make timely payments on their loan.
- Competitive Rates: While other forms of alternative funding can offer sky-high interest, other loan options can be more ideal for your wallet. With ChoiceCash Title Loans, borrowers can have access to competitive interest rates on their loans!
What are the Requirements for a Title Loan in Ohio?
During your search for a loan, you might wonder: Can I even meet the requirements for a title loan? While other loans might seem intimidating to apply for, a title loan can be much easier. For borrowers in Toledo, Ohio, these are the requirements that should be met for a loan:
- Borrowers Must Have A Title in Their Name
- Borrowers Must Be At Least 18 Years of Age
- Borrowers Must Be Able to Repay the Loan
With these simple requirements met, qualifying for a title loan can be hassle-free and easy!1
How Do I Qualify for a Title Loan in Toledo, Ohio?
While other loans might seem difficult to apply for, a ChoiceCash Title Loan serviced by LoanMart can be easy and hassle free! Borrowers simply need to get through 3 easy steps to get their cash:
- Submit an Online Loan Inquiry Form: Simply fill out an online form in just a few minutes to finish the first step. These questions will just cover your basic financial and vehicle information.
- Submit a Few Documents Online: Like most loans, you’ll be asked to submit a few documents to see if you qualify. These can be submitted online for your convenience!
- Get Your Money1: If approved for a loan, and after you’ve submitted all of the required items, the last step is to get your cash! Borrowers in Toledo, Ohio can choose between a few different ways to collect their funds:
- Direct Deposit
- Wire Transfer
- Check in the Mail
- Any Local MoneyGram in Toledo, Ohio
Don’t Wait to Get Your Money
If you’re in need of fast cash, there’s no time to wait! Find out if you qualify for a title loan today through ChoiceCash Title Loans in Toledo, Ohio. Get started today by: