How to Apply for a Car Title Loan
When you’re in need of instant cash and want a secured loan option that won’t cause you to risk losing your home, a car title loan is your next best choice. Car title loans allow you to secure a loan off of your car’s value, allowing the investment you’ve made into your automobile work for you. You can still drive your car as needed while you’re paying back your loan, and because it is a secured loan, your interest rates are low even with bad credit.
Applying for a Car Title Loan
Every company operates differently. At Montana Capital, we offer two separate ways to apply for a car title loan:
- Online Form – Applying online is the most popular option, as it gives you an opportunity to shop around before you make your choice. Very little information is needed. To start, you will need to enter the type of car (including make, model, and year), mileage, and some basic contact information. You will need to enter in a few additional details and then agree to the terms. Throughout this process you can cancel if you change your mind, and the entire process takes less than an hour.
- Phone – Lenders know how stressful it is to fill out forms online, so you also have the option of applying by phone. Montana Capital has both a phone number that you can dial yourself (1-877-766-2202), or you can send us your phone number and we’ll call you during regular business hours.
At Montana Capital, we also have a chat option if you need to chat about this further, either to help you understand car title loans or to start getting your paperwork ready.
The process of applying for a car title loan is fairly simple, and involves far less hassle than many of the bank lenders, because the information we use to decide on your loan value is directly based on your car’s value. The process for receiving the cash is immediate as well, with most borrowers receiving cash the same day as needed.
Credit Score is Unimportant
One of the benefits of applying for a car title loan online with companies like Montana Capital is that your credit score is not an issue. You simply need to have a car with a value of over $3,600 and a loan can be made. That allows you to apply to the loans quickly using either of the avenues described above, and immediately receive the money as soon as the documents are received.
