Title loans are loans given to consumers who willing put up their vehicle to secure the loan. If you own a car, truck or SUV, you can use the value of that vehicle to get cash when you’re in need. Title lenders prefer using collateral because it removes the need for a credit check. Unless you have good credit, a credit check never works in your favor. But, everyone needs a helping hand some time, so why penalize them for past mistakes? With title loans in Somersworth, you get to use what you already have to get what you need.
What are Title Loans Somersworth?
- Any vehicle used as collateral must be owned by the person applying for the loan. Their name must be on the registration, and the vehicle must have a clear title.
- All applicants must be at least 18 years old.
- While you don’t have to have a job, you do need an income. If you get money from unemployment, retirement, alimony or another source, you can qualify for title loans in Somersworth.
New Hampshire Legal Information
- Interest rates are capped at 25 percent.
- Lenders may charge a lien fee and other fees associated with the loan.
- One month loan terms can be renewed 10 times.
- Lenders have to maintain a customer-accessible office within the state.
- A borrower has the right to cancel the loan within one business day of accepting it, but they must pay back the entire loan in cash.
- Borrowers may not take out more than one title loan at a time.
- Borrowers may not take out a title loan if they had another title loan in the past two months.
You get to apply anywhere you want and anytime you want because of our handy online application. You don’t need to leave work to meet with a loan officer, and you won’t need to set aside time for a lengthy application.
Our application requires just basic info about you and the car, and it can be done in less than five minutes. Processing the loan is also easy because we have eliminated the credit check. Title loans in Dover and Somersworth are collateral-based, which makes it easy to be approved with any type of credit score.
Our streamlined process takes less than a day to complete, and you get the money within hours of applying.
When there is not enough time to pay off the loan during the original 30 day term, we can renew your loan. You get up to 10 renewals to help you get the time you need to pay the loan off.