Bellevue Car Title Loans
You can’t predict when your refrigerator will stop working or when you will get sick. However, if you need hundreds or thousands of dollars in a hurry, a vehicle title loan can help meet your financial obligation.
The value of the loan is based on a percentage of the vehicle’s value. State law or lender criteria generally determine the exact amount that you are able to borrow.
Get Title Loans in Bellevue Using Almost Any Vehicle
While it is true that a newer vehicle free from defects is generally worth more than an older or damaged vehicle, almost any vehicle can be used to qualify for title loans in Bellevue. When a lender reviews your application, it will base its decision partially on how easy it will be to liquidate your car or truck if it has to be repossessed.
In many cases, even automobiles that have dings or dents can be sold to a private buyer or to a dealer at auction.
Title Loans in Bellevue Cost Less Compared to Payday Loans
Just because you are in a financial bind doesn’t mean that you have to take the first loan offer made available. A payday loan can come with an annual percentage rate (APR) of 400 percent or more. Furthermore, there may be excessive fees for making a late payment or if you need to roll the loan over.
With a title loan in Green Bay, you pay less in interest because the loan is secured by the vehicle.
At the same time, you are eligible to borrow more than a payday lender is generally willing to loan. A payday lender generally allows you to take $1,000 per loan depending on your history with that lender.
Title loans in Bellevue allow you to borrow up to $10,000 or more, and the amount that you get isn’t based on your relationship with the lender.
Repayment Periods Are Flexible
Generally speaking, you have 30 days to repay title loans in Bellevue. However, it is possible to have this period extended by the lender, and there may be no need to pay a fee to do so. Therefore, you may have up to 90 days or longer to pay back the loan proceeds, which can make it easier to fit payments into your budget.
As long as you are current with the loan, you get to retain ownership of your vehicle and use it however you see fit. An unemployed title loan may come with even longer repayment periods or otherwise be structured in a manner that makes it more likely that it will be repaid on time.
Title Loans May Be Refinanced
If you are able to get a personal or other type of traditional loan at better terms than what a title lender is willing to offer, feel free to refinance the loan. As soon as the new lender transfers the funds to pay the current payoff balance, you will receive the title to your vehicle.
From there, you can sell, trade or continue to drive it with no restrictions.
If you need money quickly for any reason, don’t hesitate to apply for a Bellevue title loan. The loan process is fast and easy, and a decision will be made in minutes or hours. Once your application has been approved, the money should arrive with 24 to 48 hours or less.