Using a car, truck, motorcycle or other vehicle to secure a personal loan is a title loan. Loan terms are short but can be extended if necessary. Borrowers get a loan based on the value of their vehicle. While they repay the loan, they leave the title papers with the lender. Basing loans on collateral allows lenders to do away with credit checks. Applicants with bad credit can be approved for title loans in Londonderry based on their collateral and not their payment history. As long as the applicant is over 18 and has an income and vehicle, approval is likely. Those without a job can also apply, as long they have an income from another source, such as unemployment benefits, alimony or a pension. Applicants must use a vehicle they own, and the vehicle must be paid off or nearly paid off.
What are Title Loans Londonderry?
Applications for Title Loans Londonderry
Applying for title loans in Londonderry is easy and only take a few minutes. Just indicate your vehicle’s make, model, year and style. Put in your name and contact info and how many miles your car has, and submit the application. Soon after, you get a loan estimate and a call from one of our representatives. During the call, feel free to ask any questions about the title loan process. You and the rep will set up a repayment plan and work out any other details about the loan. Our rep will get a bit more information about your income and your vehicle, and then you can drop by our location to get your cash.
New Hampshire Legal Info
- Lenders must be licensed by the state Bank Commissioner and must maintain offices within the state
- Loan terms are one month but can be renewed ten times
- Borrowers who change their mind about taking a title loan can cancel it within one business day if they repay the loan in cash when cancelling
When you need money immediately, there is no faster way to get it than with title loans in Londonderry. All you do it take a few minutes to complete the easy application, and you get an estimate of how much money you can borrow. Spend a few more minutes talking to a loan representative to finalize the loan, and you can collect the money. Most of the time, the money you need is placed in your hands within hours of you applying for a title loan. One of the reasons the title loan process moves so fast is because there is no credit check. Unlike traditional lenders who use credit checks to determine if you are worthy of a loan, title lenders base their decisions on your vehicle as collateral and your current income. The past is not a consideration, which means if you have bad credit, you can still get title loans in Manchester and Londonderry.
Title loans are a great way to relieve your money problems, which means your stress and worry are relieved as well. Just imagine life without the anxiety of figuring out how to pay bills or buy necessities. Get a title loan, pay what needs paying, and go on with your life.