The working of title loans is very simple. The borrower uses the title of his car to get the cash in times of financial difficulties. The borrower submits the hard copy of the title to the lender. These are short term loans and needs to be completely paid off in 12 or 24 months. They are available at a higher interest rate of approximately 300% annually.
The 18 wheeler title loans procedure is simple and no credit checks are done. Also approval is given instantly. The whole procedure generally takes 24 hours time. This means you can get cash in 24 hours or in one business day. No late payments are charged and no pre payment penalties are taken. So, you can pay off your loan very conveniently. But, remember if you fail to pay back the loan amount, the lender repossesses your car and use it to recover the loan amount.
So, be very careful about your installments and monthly charges. They also allowed you for Prepayment. So in case your purpose will get resolve to take loan and from some where you got the loan equal amount then anytime you can pay your remaining amount and close your loan account at the lender. To know more about 18 Wheeler Title Loans contact us with below details.
Mon-Fri: 9AM – 6PM & Sat: 9AM – 1PM
Loans subject to our most liberal credit policies which may change from time to time without notice.