Things to Know About Title loans in Alexandria, VA

It’s truly remarkable how life can change in a flash. One moment your finances are steady, the next, a huge unexpected expense can throw you off balance. Quick financial support could make all the difference when your savings are running low and your credit options are limited. Fortunately, ChoiceCash offers auto title loans in Alexandria, VA, giving residents a convenient way to get some badly needed funds without the long wait times and strict credit checks that come with many other loans.¹

In fact, using your vehicle’s title as collateral, you could qualify for fast funding and keep driving your auto while repaying the loan.¹ Plus, ChoiceCash car equity loans offer a simple application process, competitive interest rates and the flexibility you need when life takes an unexpected turn.

What Are Title Loans and How Do They Work in Alexandria?

ChoiceCash vehicle-secured loans allow you to use the equity in your automobile to quickly access funds for any number of personal or household expenses. To qualify, you must be 18 years of age or older and have the title to a qualifying vehicle in your name. The amount offered depends on your ability to repay the loan and the value of the car.¹ The make, model, style, age and overall condition of the vehicle will determine whether it is eligible to serve as collateral for the loan. When borrowing against your car’s title with ChoiceCash, you can continue using your vehicle as you normally would, while repaying the loan.

What Can Alexandria Title Loans Be Used For?

Car title loans in Alexandria can help you cover a wide range of personal or household expenses. These loans are typically used to deal with large, unexpected outlays for things like home repairs, medical treatments, emergency vet care or funeral costs – to name but a few.

How Much Can I Borrow With a Title Loan in Alexandria?

You may qualify to borrow up to $15,000 with ChoiceCash title loans, depending on your income, the value of your vehicle, and any outstanding loan balances against the automobile. With that said, ChoiceCash loan amounts are quite flexible, so you can choose whatever you need within your approved range.¹

Do I Need Good Credit to Get a Title Loan in Alexandria?

Rather than relying solely on credit scores, ChoiceCash focuses on your ability to make payments, and whether your vehicle has enough value to serve as loan security.¹ Thus, good credit isn’t absolutely necessary for loan approval. In fact, it is possible to get ChoiceCash auto title loans with negative entries such as past bankruptcies or charge-offs on your credit report.

Can I Get an Alexandria Title Loan if My Car Is Financed?

You may qualify for a ChoiceCash car equity loan even if your automobile is financed. The key is to have the value of the vehicle exceed what you owe on it by enough to cover your loan amount. You can also apply with ChoiceCash to see if you’re eligible for a lower interest rate or a better monthly payment on an existing car equity loan.

How Much Are Interest Rates on Title Loans in Virginia?

Interest rates – calculated as percentages of loan amounts – determine how much lenders charge for granting loans. While interest rates do vary, ChoiceCash’s interest rates are often lower than those of payday loans. With ChoiceCash, interest rates can decrease over time, when loans are maintained in good standing.²

What Documentation Is Needed for a Title Loan in Alexandria?

The documentation required for a ChoiceCash title loan in Virginia is minimal. Here’s what you need to have:

• Government-issued photo ID, such as a Virginia driver’s license
• Proof of your Alexandria address (for example, a current utility bill or credit card statement)
• A vehicle title in your name
• Proof of steady income, such as paystubs, Social Security statements, alimony payments, or the like
• Recent, clear photos of the vehicle’s exterior, interior and VIN

What Is the Application Process for Getting a Title Loan in Alexandria?

The ChoiceCash application process is simple, fast and convenient. Here’s what you need to do to borrow against your car or truck:

• Submit a short online form, or call 855-422-7402 to apply¹
• Supply the documents outlined above
• Sign the approved loan agreement and mail in your vehicle title
• Receive or pick up the funds

A lien will be placed against the vehicle’s title once the loan funds are sent.

How Fast Is Loan Approval and Funding in Alexandria?

Loan approval can take less than an hour, and funds may be available as quickly as the next business day – possibly even sooner.¹

Will I Be Penalized for Paying My Loan Off Early?

ChoiceCash does not impose pre-payment fees. And, there are advantages to paying off your loan early. First of all, you’ll reduce the amount of interest you’ll pay, which can result in meaningful savings. Also, because we report payment activity to a credit bureau, repaying your loan early can potentially improve your credit score.

Whether you live in Alexandria or another Virginia city such as Arlington, Ashburn, or Charlottesville, borrowing against the title to your car with ChoiceCash can be a good way to get the cash you need.

Apply today!