Are you looking to get some cash and keep driving your car or motor vehicle? If so, apply for title loans today! Title loans are the perfect solution so you can keep going about your life, get money, and not sacrifice your car (motor vehicle). A car title loan is also referred to as a title pawn or pink slip loan.
Often referred to as car title loans or auto title loans, title pawns are loans that use the equity in your car (or motor vehicle) as collateral.
With Bridgepayday you can apply online and get motorcycle title loans or car title loans or even for an RV.
Because title loans online are valid and secured, you are able to borrow greater amounts of cash and lower interest rates than unsecured personal loans such as payday loans. The loan comes from the equity in your vehicle so proof of income is a secondary factor to get your title loan processed.
Yes, you will also see auto (or sometimes motor vehicle) title loan services advertised. There is no difference as a car title loan. The terms and conditions for a title loan online are exactly the same. We also offer valid online payday loans services if you do not own a vehicle.
If you need to get cash amounts of up to $5000, you can also apply for no credit check installment loan services.
After completing the online title loans application process at Bridge Payday, our network of valid title lenders will review your personal application and get back to you within the shortest time possible.
You will then be presented with a valid title loan offer based on the value of your vehicle. Your title loan online lender will arrange to collect your original title (required), but all loan documents will be electronically signed and delivered within your city.
Companies offering title loans do not run a hard credit check on your profile. However, a soft credit check is still done. A hard check involves a check on the prospective borrower’s personal FICO score.
Lenders go to agencies like Equifax or Experian to run such checks. Conventional financial institutes like banks perform hard checks before lending money.
The problem with hard checks is that it is time-consuming. Besides, when multiple lending companies run a hard check, it can affect the borrower’s credit score negatively.
A soft check involves basic background checks. Since there is no required check on the personal FICO score, the borrower’s credit score does not go down even when multiple lenders perform a soft check.
There is no such thing as no credit check at all. Every valid lender has to protect himself/herself and hence some form of credit check is always performed. The question that you have to ask is whether that check is a hard check or a soft check.
There is no hard credit check for title loans, which means loan success has better odds. This also means that inquiring about 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.
Fill out an online car title loan or motor vehicle title loan application (we provide it on our website also). You need your valid title papers. Your car or vehicle should have roughly $2,500 in value to be considered for a car title loan. The title loan lender will use the Kelly blue book value to get the value and determine how much equity you have in your vehicle.
You should avoid defaulting on your online title loan at all costs. If you are in trouble contact your valid title loan or motor vehicle title loan lender immediately as it could impact your credit score and have your car (vehicle) repossessed. The lenders prefer to keep you driving and paying rather than prepossessing your car.
Depending on your state’s rules you can get cash amounts ranging from $1,250 to $24,000 from your car (vehicle) papers. The amount you get for an online title loan will also depend on your car and its worth.
The amount of your title loan depends on how much your vehicle is worth and the ability to repay the car or the motor vehicle title loan and make the monthly payments.
The car (vehicle) must also have no other loans against it. Also, the condition of the vehicle is a factor, a better, looked after car (vehicle) could also provide you with more cash or funds.
No. Bridge Payday is not a title lender. Our service helps you to get connected to title lenders and borrowers. Borrowers of online title loans using our application process can apply at once from multiple lenders. the application process also pre-screens to ensure they meet our lenders’ requirements.
Every valid title loan 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 when looking to get the cash for your car title loan.
A car title loan lender or motor vehicle title lender is not concerned with your credit score. This makes the loans a better alternative to payday loans or credit cards. 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 (vehicle) as insurance to release those fast cash for your own use.