Cashpoint Car Title Loans can provide consumers the cash they need quickly. Financial experts note that such title loans offer clear benefits to individuals.
One advantage to title loans is that they are available to anyone who has a lien-free vehicle. There is no credit check prior to issuance of the loan, which makes them a good choice for individuals with bad credit. Typically, funds are accessible within one to two business days after application. In addition, individuals may keep and drive their vehicle while they have the loan out. This means loan recipients can continue their everyday activities, such as work or school, without any disruption.
Financial emergencies can and do happen when people must cover large unplanned expenses, such as major house repairs or medical bills. Car title loans can provide an important financial safety net for individuals and families to help them weather such difficult passages.
Positive Aspects of Car Title Loans
Without the need for credit checks, residents of Virginia with lien-free titles can turn to CashPoint Car Title Loans for needed money. In the same day, borrowers who apply, with such supporting documents as driver’s licenses and verification of residency, receive the funds they need from CashPoint Car Title Loans.
According to a study by a researcher at George Mason University, for many individuals and small businesses in the United States, car title loans provide a means to raise capital or to meet short-term financial problems. Without such recourse, some borrowers might need to sell their vehicles–a far less attractive way to raise money.
With a bit of research into competitive interest rates by providers, borrowers can access about 25 percent of the market value of their vehicles. Some lenders offer as high as 50 to 100 percent of market value. A 30-day payback commitment with an option to renew for up to six months, in some cases, offers borrowers access to fast cash and short-term solutions to such issues as unexpected medical bills or the need for a quick infusion of money for a small business. Loan amounts vary, but range from $250 to $1,000 for older vehicles.
Car Title Loan Process
With locations throughout Virginia and in surrounding states, CashPoint Car Title Loans helps customers meet immediate financial needs. Using vehicles as collateral, CashPoint Car Title Loans provides short-term loans.
Customers facing short-term cash problems bring their vehicles and their lien-free titles to a company that issues title loans. Once an appraiser assigns a value for the SUV, car, or truck, the lender places a lien on the vehicle title.
Customers with poor or insufficient credit history use title lenders to meet financial emergencies when traditional lenders cannot help. Borrowers also need not worry that such loans will have a negative effect on their credit reports, in most cases. Even borrowers who have filed for bankruptcy can qualify for title loans.
In addition to a vehicle and a clear title, the list of requirements for applying for such loans includes a minimum age requirement of 18 years, a working telephone, and proof of residency, such as a utility bill or a lease agreement.
Understanding Personal Cash Flow
Serving customers in Delaware, Kansas, and Virginia, Cashpoint Car Title Loans offers advances in the form of a company check to alleviate financial hardship brought on by short-term cash flow problems. Cashpoint Car Title Loans does this by means of a title loan using a vehicle, negating the need for a credit check.
Cash flow is a term commonly used by businesses and finance professionals, but the concept can be applied to individuals and households as well. Put simply, cash flow refers to the movement of money coming in or going out of a business, a household, or a personal bank account at any given time. The cash that comes in to your account or household could include your wages or a rental income. The cash that leaves your payday loans online Ohio household is what you pay for expenses such as food, utilities, gas, rent, and other bills.