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Differences Between a Car Title Loan and Personal Loan

August 28, 2019

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Many Americans find themselves in situations where they need a loan. Maybe there are unexpected bills, car repairs, or medical expenses. Sometimes people just want to make a special purchase without putting themselves behind on bills. Some families take vacations and use a loan to finance the vacation. Whatever the reason, many Americans take out loans. There are all kinds of loans available, but for some of the situations mentioned above, many consumers turn to personal bank loans or Car Title Loans. What are the differences between these two types of loans, and is one better than the other?

Car Title Loans
Let's look at a personal loan first. A personal loan comes from a bank, credit union, or some other traditional lender. A lot of personal loans are unsecured, but getting one does involve a lot of paperwork and credit checks. While it can vary, most banks are going to want a FICO credit score of 650 or higher before they will even consider giving you a personal loan. Many lenders require you to state why you need the loan, and some lenders will only issue personal loans under specific circumstances. Finding a bank that will give you a personal loan with poor credit isn't going to happen.

Car title loans differ from personal loans and other types of loans as well. A car title loan is a convenient way to get a loan without all of the red tape associated with getting a personal loan. A car title loan can be used for anything you might use a personal loan for, but you can get a car title loan without filling out a load of paperwork and without being grilled about why you need the money. You also don't have to worry about your credit score. Car title loan companies don't check your credit.

At Quick Cash Auto Loans, we offer car title loans that are easy to get. We don't require you to fill out a lot of paperwork. We only ask for a few simple documents (proof of income, proof of residence, valid I.D., etc.) We won't check your credit score, so it doesn't matter what your credit looks like. You can have good credit, bad credit, or no credit at all. Whatever the case, you still qualify for a loan through Quick Cash Auto Loans. That's because we base your loan and the amount of your loan on the equity in your vehicle. If you have a car title in your name that's clear of any liens, you can use that car title to get a loan fast.

Easy Car Title Loans
At Quick Cash Auto Loans, we aren't going to question you about why you need the money. You might have bills to pay or you might want to make a purchase without having to dip into the money you use for bills. We won't ask you why you need the money. Our goal is to be there for you when you need a loan.

We also understand that you need your car, so while you do use the title to your car to secure your loan, you get to keep your car with you during the life of the loan. We don't need to keep your vehicle in order to give you a loan. That means you will be able to continue to go to work, shop, and do all of the other things you do every day.

Another great thing about getting a loan from Quick Cash Auto Loans is that you don't need to have a job to get the loan. All we ask is that you can show proof that you can pay the loan off. This can be disability or other types of income you get on a regular basis that can be used to pay off your loan. Our first goal at Quick Cash Auto Loans is to get you the money you need fast, with as little stress as possible.

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Forget about personal loans at a traditional lender, credit checks, and personal questions. When you need a loan, let Quick Cash Auto Loans be your first choice. We offer fast loans with minimal requirements and no credit check. We have low interest rates, flexible loan terms, and you get to keep your car. When you're looking for a loan for any reason, Quick Cash Auto Loans has loan experts ready to help you today. Call us at (786) 600-3411 or fill out the application here on our website to get the process started today. Don't let a financial crisis get you behind. Visit us today for a fast car title loan.

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