How Title Loans In Ohio Work

By Author: Stam Bett
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If you need money today, you know you simply don't have the time to wait two weeks for a bank loan, if your credit is high enough for them to accept you. When emergencies come up, it can feel like you have nowhere to turn and your options are narrowed even further if you have had credit problems in the past.

Fortunately, options are available to Columbus residents that don't require pawning your valuables with the risk that you won't get them back. Regardless of your credit history, car title loans in Columbus can be the answer to your problem. Car title loans are basically short-term loans based on the equity in your vehicle -- never your credit -- and you can have the money you need in your hand in less than an hour.

How Car Title Loans in Columbus Work
Columbus car title loans are secured and short-term loans and the amount you receive is based on your car's equity. These loans are available to virtually anyone, regardless of credit history, provided you are at least 18 years old and own your car. This second requirement is very important because your loan will be based on your vehicle's equity, which ...
... doesn't exist if you owe a great deal. If you have just a few payments left, however, you can still qualify for a title loan. Most lenders also require proof of steady income to show you can repay your loan and this income can be from self-employment, unemployment or retirement income.

Car title loans are not like pawn shop loans; you continue driving your car while you pay off your loan. When the balance is paid, your title is returned. Because the amount is based on your car's value, you can qualify for anywhere from $250 to over $15,000 and receive the money in just an hour.

What You Need
Once you've applied for Columbus car title loans, which you can do online as well as in person, most title loan lenders require basic documentation to complete the loan and give you the money. In most cases, you'll just need to bring along junk mail or a phone bill showing your address and name, identification and proof of income. If you're going to borrow a great deal of money, the lender may also request references and additional documents.

Of course, there's one thing you'll never need for car title loans in Columbus and that's great credit. Lenders don't mind if you have no credit history or bad credit or even if you've declared bankruptcy. After all, everyone has emergencies to deal with sometimes and everyone is entitled to short-term emergency loans.

Why Title Loans?
Trying to decide if a title loan is the right choice for you? Remember, car title loans are the fastest and easiest way to get cash in your hand when you need it most. The requirements for these loans are very lenient and you keep your car the whole time. You can even apply for the loan online for the ultimate convenience and then meet your lender in Columbus to get the cash. If your utilities are going to be disconnected, you're facing a late mortgage payment, you need money to buy groceries or you have unexpected emergency, you can count on car title loans in Columbus to save the day.

For more information on Columbus Car Title Loans and Car Title Loans Columbus. Visit Today - Titleloan-columbus.com