Sometimes you get hit with an unexpected bill that’s too large for your credit card or your emergency fund to handle. Maybe it’s a trip to the hospital, damage to your car or a home appliance breaking down. Whatever it is, consumers in similar situations have gotten the relief they need by applying for title loans Cincinnati. You don’t need perfect credit to get your loan, and the application process is fast and convenient. Here at Dodson Car Title Loans, we’ve accelerated that application process even further with our online application form.
You can apply in seconds right here on our website. Simply go over to the form for car title loans Cincinnati, and plug in the following information about your car:
• Approximate Mileage
With that information, we’ll be able to pre approve you for a title loan and calculate an estimate for how much we could lend you. This amount is, of course, contingent on the condition of your car.
You only need two things: your government issued-ID and your car title. We only need to check the birthdate on your ID to verify your age, as you need to be at least 18 years of age to legally apply for a title loan.
We hold on to your car title during the repayment period of your title loan, then give it back as soon as you’ve paid off the balance in full. Compare those requirements to the process of applying for a personal loan through a bank.
It’s obvious which option is more convenient for you. To make sure that you’ll be able to pay back what you borrow, we’ll also ask you about your income. If you can provide us with a paystub or another form of income verification, that’s great. Otherwise, an estimate works fine.
When you’re in a bind and you need money quickly, it makes sense that you wouldn’t want to drive out to the middle of nowhere. After all, you’re looking for car title loans in Cincinnati. For that reason, we’ve chosen a central location right here in the city, and you can reach us easily whether you’re taking the freeway to surface streets. You can be sure that you’re getting close when you see the Dodson Car Title Loans sign.
One of our helpful Dodson Car Title Loans representatives will be able to assist you in completing your loan application. They’ll provide you with a bit of paperwork to fill out, and make sure that you mention if you got pre approved on our site.
Once you complete the paperwork, we’ll do a brief vehicle inspection. This is to make sure that your car doesn’t have any issues that could detract from its value. Finally, we’ll need your car title and then we can issue you your loan.
The process typically takes under an hour, and you leave with cash in your pocket. With car title loans Cincinnati, it’s that easy to get money when you need it most.
The federal government allows states to set up their own specific regulations regarding title loans, so car title loans Cincinnati fall under Ohio’s jurisdiction. For the most part, the state stays out of it, instead giving lenders and borrowers the freedom to set up their own arrangements.
What exactly is a title loan? It’s a loan that you secure by putting your car up as collateral. Because of that, the value of your car determines how much you can borrow with a title loan, and your credit doesn’t soley factor into the title loan application process. That means no denial just because you have a bad credit score.
For title loans Cincinnati, there’s no set cap on interest rates, but this isn’t necessarily a bad thing. When lenders are able to set their own interest rates, they must offer competitive rates if they want to succeed in a crowded title loan lender market. At Dodson Car Title Loans, we pride ourselves on offering fair, affordable interest rates.
You can set up a repayment period with your lender, but the standard period is 30 days. Now, what if you can’t pay back your title loan on the due date? You are able to roll over your title loan, which means that you pay back only the interest charges on it, and the loan principal carries over to a new repayment period.
If you default on your loan, the lender does have the right to repossess your car. The most common way that borrowers default on title loans is by not making their payments. One thing you should keep in mind regarding repossession is that lenders never want to repossess anyone’s car. The entire repossession process, along with the process of selling the car to recoup losses, is time-consuming. Lenders would much rather their borrowers just make their loan payments so everyone walks away from the deal happy.
If you’re having trouble making a payment, the most important thing to do is communicate with us.
At Dodson Car Title Loans, we look for ways to resolve issues for our customers.
You can likely rollover your loan to give yourself more time to pay it off your loan.
The vast majority of borrowers, both in Ohio and across the rest of the nation, keep their cars throughout the entire title loan process.