The Orange County Loans Office recently announced title loans as one of the most popular options today for fast cash. The OC loan office says that title loans are a practical and realistic way to get fast cash when you need it most. There are many reasons why people take out title loans using their vehicle, some of them include paying for college, expanding or starting a business, consolidating debt, renovating or buying a home, paying for unexpected medical costs that are a financial burden, and for just paying regular bills. If you need money, regardless of what it’s for, you can use a title loan to get it.
Many people are still on the fence about title loans, mainly because they don’t understand how they work. A title loan is a loan that is based off of the value of your vehicle. For instance, if you have a car that is worth $500, this can help you qualify for a loan of $500, using your car as collateral by handing over the title. Similarly, if your car was worth $15,000, you may be able to get a $15,000 loan using the vehicle as collateral and providing the title to the car title loan company. Orange County Loans is one of the best title loan companies in the industry, they have been doing this for many years, they work all throughout the country, and they provide guaranteed loans without looking into your credit history. Your credit does not matter when it comes to getting along. Instead, the year, make, model, mileage, and condition of your vehicle are the factors that are considered when determining how much of a loan you should get. If you have bad credit or if you have no credit whatsoever, this is not going to affect the outcome of your loan. In fact, your credit doesn’t ever get looked up throughout the process, it’s not a factor when it comes to your approval.
The car title loan process is actually very quick as well. In general, after you call the company, it will take just 24 hours before approval and the loan agent to meet with you. The loan agent will meet with you anywhere that is convenient within your state. After you apply for the loan and are approved, the cash will be deposited into your bank account or it will be provided to you in person. Loan amounts are usually within $500-$15,000. It’s an excellent source of cash when you need it, regardless of the reason. Even if you have bad credit or are struggling with other types of financial concerns, car title loans are still a viable option for you.
Once you receive the loan, you are free to spend it however you wish. Car title loans are up to your discretion and you get to choose how you want the money to be handled. The company is not going to ask questions about what you are using the loan money for, this is entirely your decision.