AutoTitleLoans - PowerPoint PPT Presentation

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AutoTitleLoans

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Title: AutoTitleLoans


1
AutoTitleLoans
2
Can You Get a Loan Against Your Car Title and
Still Drive It?
  • With an auto title loan, you can still drive your
    car while you are paying back the lender. But,
    collateral can be dangerous. The risk is that if
    you cant pay off your loan, youll lose the item
    used to secure the loan. With a title loan, that
    means youd have to give up your car.
  • Youll only lose your car if you cant pay back
    the loan. If you arent careful, though, losing
    your car will be the least of your problems. You
    see, some title loan customers borrow more than
    they can afford to give back. They struggle to
    make their payments, only paying back the
    interest. The principle doesnt go down, and the
    loan overstays its welcome.

3
You should be able to avoid this kind of
situation if you follow these practices for
borrowing and paying back an auto title loan
  • Dont borrow too much borrow how much you can
    afford to pay back quickly. The longer youre
    stuck with the loan, the more interest youll end
    up paying.
  • Prepare a personal repayment plan thats
    maintainable. Be sure youre paying off as much
    of the principle as you can with each payment.
  • Consider asking for help if tragedy strikes and
    you cant pay off the loan. Even missing one
    payment can seriously impact your credit score
    and could lead to you losing your car.

4
AutoTitleLoans.com
  • What is a pink slip loan?
  • Can you complete an auto title loan entirely
    online?
  • A pink slip loan is another name for an auto
    title loan (or a car title loan). It is a type of
    funding you receive by putting the title of your
    car up as collateral.
  • Most lenders will require you to have your car
    inspected as part of the loan application
    process. So, it likely wont be possible for you
    to complete the entire loan application online.
  • We are not a lender. We help you try to find a
    loan provider. Our service is completely free,
    and you can fill out our form online without
    needing to go anywhere else.

5
Will my car title loan be for the Kelley Blue
Book value of my car?
  • Lenders take several factors into account when
    determining the dollar amount of your loan.
    Because of this, loans tend to be for around
    50-percent of the value of your automobile.

What is an auto lien?
An auto lien is a document that allows the person
who loaned you money for your car to legally
repossess the car if you do not pay back the
loan. When you clear the lien, you pay off the
loan and regain your claim to your vehicle.
6
How do I know Im dealing with a reputable car
title loan company?
  • It can take a lot of time to research and review
    all the auto title loan companies in your area.
    We have a suggestion on how to save yourself some
    time. When you request a loan through our site,
    we try to pair you with one of the lenders in our
    network. We trust these companies. So, we did the
    research and review work for you.
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