Money problems aren’t uncommon during these times. There isn’t anything wrong with needing a loan from time to time to help get by. Obtaining a Title Loan in San Antonio helps you get money in your pocket when times are hard. There are several reasons why you should consider a title loan over a conventional loan from your bank or credit union. One of the biggest benefits of using a company like Xpress Title Loans is the fact that you don’t have to have a credit check in order to get the monies that you need.
Avoiding a credit check will help you if you have less than stellar credit. If you apply for a conventional loan and have bad credit, you are usually rejected. In the rare cases that loans are awarded to people with bad credit, the interests rates are very unreasonable. A small loan could very well end up becoming a large debt if interests rates are too high. By not having to go through a credit check, you also won’t have your credit score lowered by a hard inquiry. This will help you if you are trying to rebuild your credit score. Hard inquiries can stay on your credit report for quite some time. Too many will cause your credit score to go down.
What else is good about getting a Title Loan in San Antonio? For one, you can borrow upwards of $25,000. The amount of money you can get depends on the value of your vehicle. These loans are also great for people who are self-employed. Another great thing about a title loan is that you can pay it off early without having to worry about any fees. Because you get to keep your car, people don’t even have to know that you took out a loan. In order to get a loan for a car’s title, your name must be on the car’s title. If the title to the car contains more than one name, both parties have to be present to sign the loan contract. Another positive is that the loans can be quickly processed. You don’t have to wait days for paperwork to go through.
