Common Myths About Auto Title Loan Companies
February 12, 2019
An auto title loan can be a lifesaver in time of a financial emergency. Why? Because unlike loans from traditional lenders, you don't have to wait a long time to get the money you need. In most cases, you can get an auto title loan the same day, with very little paperwork, no credit check, and no hassle. Many people wonder if an auto title loan is the right way to go when they need to get a loan. In many cases, potential consumers are afraid to get a car title loan because there are a lot of myths floating around that simply aren't true. In this article, we'd like to debunk a few of those myths for you today.
- Myth: Auto title loan companies are shady operators.
- Fact: This simply isn't true. Like any business, there can be good and bad representations in the industry. Auto title loan companies are not shady by nature. They are in business to help consumers get a loan when they need it. Consumers should be cautious when doing business with any company in any industry, not just in the car title loan industry. There are plenty of reputable auto title loan companies doing honest, straightforward business. Make it a practice to look for reviews or check with the Better Business Bureau. Also, be wary of any company that isn't forthcoming with information, not just car title loan companies. When you need a loan fast, an auto title loan is a great choice for many people. Don't let this myth scare you away.
- Myth: Auto title loan companies will share my information.
- Myth: Auto title loan companies have outrageous interest rates.
- Fact: Not true. Unfortunately, many consumers don't recognize the difference between auto title loans and other alternative loan sources such as payday loans. A payday loan is an entirely different type of loan that is often associated with high interest rates. Since auto title loan companies use the equity in your vehicle, they are not considered high risk loans, so the interest rates are typically reasonable. This is another reason an auto title loan can be a good choice, particularly over a payday loan, where you find yourself just trying to keep up with the interest rates rather than the principle.
- Myth: Applying for an auto title loan hurts your credit score.
- Fact: This is not true by any means. An auto title loan company uses your vehicle title to secure the loan. Most title loan companies will not check your credit, therefore there will not be any "hit" on your credit score at all.
- Myth: Auto title loan companies want your car.
- Fact: Absolutely not. Auto title loan companies are not in the business of acquiring and selling cars. If they were, they would be in the car business. Auto title loan companies want repeat customers, therefore they want to get consumers the money they need when they need it. A clear car title is just a means of securing the loan. Most reputable car title loan agencies will be happy to work with you if for some reason you may have trouble making a payment. The last thing they want to do is have to sell your car to get their money. They'd rather have you return as a customer. Using a car title loan company, in fact, may be the option you need to keep from having to sell your car in a financial emergency.
Auto title loans are ideal for many consumers. Reputable auto title loan companies are safe, straightforward, and a great loan alternative to traditional lenders. Quick Cash Auto Loans is the absolute best place to get a loan fast in Florida. At Quick Cash Auto Loans, we make it easy for you to get the loan you need when you need it, without the need for a lot of paperwork.
We are a consumer finance company licensed in Florida under statute 516. Our mission is to serve your financial needs by helping you get an auto title loan today. We value your business, respect your privacy and we are dedicated to giving you the best customer service available. That's why we make the process for getting an auto title loan easy. You simply fill out the form on our website and we will arrange an appointment in our office that's convenient for you. We will assess your vehicle, and issue a loan based on the value of your car. You'll get your loan the same day. It's that easy. There is no extensive paperwork, we won't check your credit, and we won't ask you personal questions about why you need the money. The best part is, you get to drive away in your car. We won't keep your car in order to give you a loan. That means you will still be able to continue with your day to day life with no interruption whatsoever.
Quick Cash Auto Loans is the best place in Florida to get a car title loan. It's easy to get started. Call us at (786) 600-3411
or fill out the convenient form on our website. We look forward to serving your loan needs today. Let Quick Cash Auto Loans be your source for an auto title loan when you need it.
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