Life is full of unexpected expenses, and unfortunately, sometimes that means people need to get fast cash quickly. There’s no shortage of options in the personal lending world, and there’s an excess of lenders willing to provide those options.
An auto title loan is a lesser-known type of personal loan that utilizes a resource almost everyone has-a vehicle. With this loan type, your vehicle is offered as collateral for the loan, although you’re not required to give up the car, you can still drive it during the duration of the loan until it’s paid back in full.
Max Cash Title Loans is a service that connects people seeking auto title loans with lenders in various states that offer them.
What Max Cash Title Loans Offers
Max Cash Title Loans does not actually provide the funds. Instead, they act as a portal connecting borrowers in search of a car title loan with institutions across the country that do.
When payday loans in Louisiana you submit your information to the Max Cash website, their algorithm determines what size loan you are eligible for. The loan amount is typically 50 to 90% of the car’s current auction value. Should you decide you want to proceed, Max Cash then forwards your information to lenders in your state willing to float you a loan.
They work with a full range of lending institutions, which means that even if you have bad credit, it is likely they will find someone who will provide you a loan. The company claims to have connected more than 500,000 people with loans, and that number grows every day.
The service is also free to use. they earn a referral fee from the lending institution on each loan they arrange, so you don’t have to pay them anything. You may also be able to refinance your auto title loan through the different loan companies that they work with.
They Offer a High Degree of Transparency
Max Cash Title Loans takes their job seriously and does their utmost to make sure every borrower knows what they are getting into when it comes to title loans. We were glad to see their site has copious information detailing the car title loan process and requirements, and that they make no secret of the fact that such loans typically carry significantly higher than average interest rates. Exactly how high will depend on your personal credit history.
They also answer some frequently asked questions about title loans, such as whether you can secure one large loan based on two car titles (unfortunately, that’s not allowed). Another thing we appreciated about Max Cash is that they aren’t involved in selling applicants’ personal information. Any information you provide is only shared with the lending institution. They don’t do business with lenders who sell your personal data, either.
Benefits of Using Max Cash Title Loans As a Service
There are many different lenders these days available to provide you with the funds you need. As such, the folks at Max Cash Title Loans understand the need to offer some reason for you to choose their service. Our investigation of the company revealed the following benefits:
- The website is stocked with useful information and features very intuitive navigation. You’re able to learn all you need to know about title loans, examine a sample loan contract, and even calculate different rates.
- Most of the lending institutions that work with Max Cash on title loans do not require you to have a bank account. Try getting a loan from a bank without having a bank account-not going to happen.