by nedrah | Nov 10, 2022 | 18 Wheeler Title Loans, Car Title Loans, Title Loans
Commercial vehicle title loans are a popular choice among borrowers as an easy and trouble-free way of getting cash. If you are also thinking about taking car title loans, here are 8 facts that loan experts want you to know beforehand:
Fact#1. Clear vehicle title
You can borrow title loans against a vehicle that is registered in your name or you own some stake in the vehicle.
Fact#2. Credit history excused
A bad credit score is a red flag for lending agencies such as banks. However, credit history is not checked while applying for commercial vehicle title loans.
Fact#3. Take only what you can repay
Car title loans are an easy way to collect cash against your vehicle value. Make sure you borrow only that much sum that you can easily return or risk losing your vehicle.
Fact#4. More common than you think
Title loans are more prevalent as it offers a convenient way to borrow money to meet financial needs.
Fact#5. High interest fee
Commercial vehicle title loans have APR as high as 300% for a 30-day loan. You can end up paying back more than you initially borrowed in interest fees.
Fact#6. Easy online process
Car title loans have a simple online application process that allows you to submit and get it approved quickly.
Fact#7. Poorly regulated
Legal loopholes in drafting of title loans make it difficult for the borrower to repay their debts.
Fact#8. Consider other loan options
Explore other loan options such as loan against credit card, payday loans, loan against insurance, etc. before choosing title loans.
Get in touch with 1stcapitaltitleloans experts for more clarity on vehicle title loans.
https://1stcapitaltitleloans.com/
by nedrah | Nov 4, 2022 | 18 Wheeler Title Loans, Car Title Loans
Commercial car title loans help people get quick cash to pay bills or deal with a financial emergency. However, car title loans have high interest rates and involve a risk of losing your vehicle.
5 Facts That You Must Know About Commercial Car Title Loans
Fact#1. You should own a vehicle
To get a title loan, you need to own a vehicle free and clear, or at least have some equity in that vehicle. The lender will return your title once the loan is paid off.
Fact#2. You should be prepared to pay a high interest fee
The lenders charge nearly 1/4th of the loan amount per month as their interest. For example, if you get a $2,000 loan for a 30-day period, then you’d pay $2,500 to settle your loan by the end of the month.
Fact#3. You should avoid defaulting
Car title loans are intended for short-term use. Many customers can’t pay their loan so soon, resulting in refinancing the loan just to avoid defaulting and losing their vehicle.
Fact#4. You can lose your vehicle
If you are unable to repay within the loan term, the lender will take away your vehicle. You will have to pay even more to get your vehicle back plus the due amount.
Fact#5. You should look for alternatives
Consider less risky alternatives such as payday alternative loans, personal loans or credit card advance that offer the best possible interest fee. Borrow only what you can pay back.
Looking for commercial car title loans? Ask 1stCapitaltitleloans to get you the best loan for your vehicle title!
by nedrah | Oct 29, 2022 | 18 Wheeler Title Loans, Car Title Loans, Title Loans
Car title loans are becoming so popular because of the several benefits that the traditional loans do not offer. If you are considering commercial truck title loans, allow us to help you understand the benefits of title loans.
Key Benefits of Commercial Truck Title Loans
#1. Quick Cash
Car title loans are the ideal choice if you need money right away. With 1stcapitaltitleloans, you can collect the cash you need within 24 hours of loan approval. As long as your truck is free and clear, we can approve your loan quickly unlike other types of loans that take at least a few days to process.
#2. Easy Approval
Commercial truck title loans involve an easy application process. Don’t worry about your financial history when you apply as a bad credit score will not disqualify you for the loan. We just need your truck title for loan approval! Just apply online, provide the required information, and the application is approved in no time. Believe it or not, it is as easy as it sounds.
Once you pay off your loan, the title is returned to you after the department of motor vehicles has processed it.
#3. No Prepayment Fee
1stcapitaltitleloans encourages you to repay car title loans earlier if possible. Some lenders charge a penalty on advance payment with title loans but we don’t charge any prepayment fee so you can pay off your loan sooner without paying any extra fee.
Still thinking about taking car title loans? Call us if you have any query and get quick cash for your truck title today! https://1stcapitaltitleloans.com/
by nedrah | Oct 21, 2022 | 18 Wheeler Title Loans, Title Loans
Procuring funds for a new business can be challenging, especially if you don’t have a good credit score or a stable fiscal performance. In such cases, title loans are a fantastic resource to raise money and get your business up and running.
1st Capital Title Loans is the country’s leading title lending company that provides commercial car title loans against your vehicle. If you have a vehicle registered in your name, you can secure a title loan instantly.
Why Commercial Car Title Loans Are a Fantastic Resource?
Besides quick cash, here are 3 reasons to choose title loans:
#Reason 1. Good for bad credit
Mainstream lenders avoid giving money to people facing bankruptcy, eviction, or non-payment issues. You can get title loans irrespective of your credit score by simply surrendering the title of your commercial vehicle. Once you pay the loan, the title is transferred in your name.
#Reason 2. Quick approval
1st Capital title loans offers quick and easy approval of your title loan application. While traditional lenders can take 2-3 days to approve your loan, commercial car title loans can be secured on the same day of application. Moreover, the entire process is done online that adds to your convenience.
#Reason 3. Keep your vehicle
As a business owner, you need a vehicle for transportation of finished goods or raw materials. Title Loans allow you to keep your vehicle while you still owe the loan so you can carry on with your business activities as usual.
1st Capital Title Loans offers significant advantages on commercial car title loans. Give us a call to secure a loan today!
by nedrah | Oct 5, 2022 | Auto Title Loans, Car Title Loans
Commercial vehicle title loans have emerged as a lifesaver for borrowers who are badly in need of cash to deal with any type of financial crisis during pandemics and economic downturns. These loans are among the many types of car title loans.
Both commercial vehicle title loans and auto title loans have proven to be of great help to people who are unable to secure finance from traditional lenders and financial organizations. Commercial vehicle owners may find it difficult to obtain the paperwork required to satisfy the specifications set forth by banks and loan agencies, which could involve supplying credit ratings and information.
Why Applying for Commercial Vehicle Title Loans Makes Sense!
Although there is no paperwork or credit check required for commercial title loans or any other kind of car title loans, borrowers who take out these loans frequently manage to get past the drawbacks.
From the perspective of a borrower who qualifies for one of these loans, let’s analyze the significance of business title loans and car title loans:
- The greatest applicants for these loans are people who own cars or other types of business vehicles. The lender will only accept ownership confirmation in order to disburse the monies to the owner of the company vehicle.
- You may continue to use the car despite the loan. After getting car title loans, a vehicle owner can utilize his vehicle for both personal and professional needs! He gains from this twice because he can continue to support himself and maintain the business automobile.
- One of the easiest and most dependable ways to receive money is through commercial vehicle title loans. Given that it can be utilized to address a number of pressing financial situations, this type of loan must have a clear grasp of its worth.
For more details, visit now.
https://1stcapitaltitleloans.com/
