Online Title Loans
Often referred to as car title loans or auto title loans, title loans online are loans that use the equity in your car for collateral. Because title loans online are secured, you are able to borrow greater amounts and lower interest rates than unsecured loans (such as payday loans).
After completing the online title loan application at Bridge Payday, our network of title lenders will review your application.
You will then be presented with a title loan offer based on the value of your vehicle. Your lender will arrange to colle
ct your original title, but all loan documents will be electronically signed and delivered.
Does BRIDGE PAYDAY Issue My Title Loan?
No. Bridge Payday is not a title lender. We help connect title lenders and borrowers. Borrowers who use our application process, which pre-screens them to ensure they meet our network lenders’ minimum requirements, are then able to apply at once to multiple lenders. There is no hard credit check which means loan success has better odds. This also means that inquiring for this type of loan with us won’t reflect negatively on your credit rating.
Bridge Payday does not determine or alter the terms of your loan; the value of your car, loan amount, interest rate, repayment schedule, fees and other terms of your loan are agreed upon exclusively by the lender and borrower.
What do I Need to Qualify?
Every title loans online lender is different when it comes to who can and cannot qualify, but if you are at least 18 years old, have a steady income, own your car, and are a US citizen, you shouldn’t have a problem.
What about My Poor Credit?
Title loan lenders are not concerned with your credit score. Your loan will depend on what your vehicle is worth and your ability to repay your loan.
It is as simple as that, if you have equity in your vehicle you will use your car as insurance to release those funds for your own use.
How Much Will I Be Able To Borrow?
The amount of your loan depends on how much your vehicle is worth and the ability to repay.
The car must also have no other loans against it. Also, the condition of the vehicle is a factor, a better, looked after car could also get more funds for you.
Will I Have to Give up My Car during the Loan?
No. You will retain possession of your car during the life of the loan. The car is yours, that is the main benefit of this loan. Imagine that you could not go to work or would have to take the bus, this then would inhibit your ability to repay the loan.
By leveraging your asset you can stay in work and pay off your loan over time.
The process is difficult to do completely online as the lender still needs to see your car. This usually means that the lender that will be connected to you will have their business locally where you are. This will make things easier for both of you to do your transaction.
What Will Happen if I Can’t Repay My Title Loan?
BridgePayday is not a title lender, so we will not enforce payment. Your title lender has the ability to impose penalties and interest or even take possession of your car if you do not repay your loan but in general, they prefer you paying your loan back with interest rather than taking your car.
The terms and conditions of the lenders depend on the lender that you choose. However, there will be a certain amount of time that the lender gives you to allow you to repay your loan before they will cease your car. This timeframe depends on your agreed contract. If you are still not able to pay it back, then the lender will have to take possession of your car to be able to pay back your balance. When this happens, you will be given the option to still pay your loan back with the interest agreed upon before they will put your car up for auction.
Why Should I Work With BridgePayday to Get a Title Loan?
Using Bridge Payday to get a title loan is a smart decision for individuals who want the process to be as seamless and quick as possible. Remember, since title loans online are secured with collateral it means that you, the borrower, can get more money with lower interest rates. Bridge Payday can connect you with our network of lenders who are ready to compete for your business.
You will not have to go searching for different lenders or direct lenders online that offer you the best prices but are not as reliable. With Bridge Payday, you will be sure that the lender that you ultimately choose will be safe and reputable. You can also be sure that the terms that the lender will give you will be fair and affordable with no hidden fees.
We take pride in connecting you to lenders that will give you the solution that you are looking for. We make sure that these lenders are legitimate and reliable so that you won’t have to encounter problems with your loan moving forward.
Texas Title Loan And Other States?
By far the biggest amount of title loans are given out in Texas but we cover all states. Bridgepayday.com has recently bought texastitleloan.net and all leads will not go through Bridgepayday. As before you can get your texas title loan up to $15000. Just apply online and then you can get your cash after inspection.
Getting approved for your texas title loan is easy now
We are still striving to get you the best deal on your car, pick up truck, SUV or motorbike. We will connect you with location throughout Texas and any other states where online title loans are legal.