Yes, with Max Cash Title Loans assisting, residents of the Prattville area may be able to secure funds quickly and easily.1 2 If you’re in need of some fast cash, a car title loan may be just the thing to help you out. Start the process now by filling out a short online title loan application or by giving us a call at 855-561-5626. To learn more about how Max Cash Title Loans operates in the greater Prattville area, continue reading below!
How Do Car Title Loans Work?
A title loan (sometimes called a title pawn) is a form of secured installment loan, which in this case means that the funds for the loan are secured using the title of a vehicle. The loan amount is based on the value of the vehicle as well as the borrower’s ability to repay the loan.
Depending on the loan company, there may be a credit check, however bad credit alone would not usually disqualify someone from a loan. Because the loan is primarily based on the value of the vehicle, unlike personal loans, credit does not play a large role in approval.
For the duration of the title loan, a lien is added onto the title of the vehicle. Once the loan is paid back, the lien is removed, and the title is returned to the borrower.
While a title loan is typically intended to be a short-term loan, the payment terms are longer than say a payday loan or cash advance. Coupled with no pre-payment penalties (when working with Max Cash Title Loans), title loans make for a very flexible funding option. 2 3
Benefits of Working with Max Cash Title Loans
As a brokerage, Max Cash Title Loans has an expanse of lending knowledge for its clients to lean upon. In particular, here are some advantages a Prattville resident could utilize when approved through Max Cash Title Loans: 2
- Complete the entire process online from within the comfort of your own home. There are also options that allow the borrower to complete the process at a local loan store.
- Get funds in a single business day! 1 2
- Receive a very competitive interest rate; Max Cash Title Loans will connect you to a lender that suits your needs. 4
- Procure a repayment plan which suits your budget. 4 Max Cash Title Loans has lenders with payment plans that range from 1 – 5 years, giving ample repayment time. 4 In addition, most loans can be paid off early with no penalty! 3
- Once approved, depending on the lender there are several payment methods for you to receive your funds! 1 2
Start the Title Loan Process Today!
Max Cash Title Loans is proud to say that taking care of our clients is our primary objective. When you’re in need of fast cash in Alabama, there’s no better place to start than Max Cash Title Loans. 2 Whether you’re in Prattville, Montgomery, or elsewhere – we’re here to help! Start a car title loan application online or give us a call and see just how much a title loan might benefit you!
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location