When you need money fast in New Hampshire, a title loan may be just what you are searching for to meet your needs. NH car title loans are secure loans that may be obtained by borrowers using their car’s title as collateral to be approved for the loan. To be able to get approved for a title loan, the lender will need to be given the title of the car in question. The lender will then put a lien on the vehicle until the loan is paid off. In the event that a title loan is not repaid, the lender may use the title and repossess the car and sell it in order to pay back the remaining debt of the loan. An NH title loan is typically easier to obtain than other secured loans because of the title being used as collateral. This means less risk for the lender and easier approval odds for borrowers.
These types of loans are usually short-term loans. In some cases, borrowers may get approved without having to go through a credit check with the lender. The application process is quick and easy and some borrowers can fill out an application in as little as fifteen minutes. Loan amounts can vary and usually be as small as $100. The easiest way to apply for title loans in New Hampshire is by filling out a quick application online.