Speedy Title Loans: What You Need To Know

Speedy Cash offers title loans to customers in select states. The company provides same-day approval for title loans, which are typically used to cover short-term financial needs. Customers can apply for a title loan by bringing their vehicle to a participating Speedy Cash location, where a quick appraisal will determine the loan amount based on the vehicle's value and the customer's income. While Speedy Cash does require a clear title in most cases, it also offers second-lien title loans in some states, allowing individuals who still have outstanding payments on their vehicle to qualify.

Speedy Cash offers same-day approval for title loans

If you need cash fast, Speedy Cash offers multiple lending options, including title loans. Title loans are available to customers in select states, including California, Nevada, Oregon, and Texas.

To get a title loan from Speedy Cash, you must bring your vehicle to a participating location. A Speedy Cash team member will ask for your basic contact information, income, and vehicle information. They will then perform a quick appraisal of your vehicle to determine its value. If you are approved, the team member will let you know how much you are approved to borrow. You will then need to carefully read and sign the loan documents.

Title loans are an expensive form of credit and should be used for short-term financial needs only and not as a long-term solution

Speedy Cash offers title loans in some US states. These loans are secured by the title to your car or other approved vehicle. This means that if you are unable to pay off your loan on time, Speedy Cash has the right to repossess your vehicle. Title loans from Speedy Cash have an APR of 30%-35.99% and repayment terms of 90 days to 60 months.

It is important to carefully consider your options before taking out a title loan. Make sure you understand the terms and conditions of the loan, including the interest rate, fees, and repayment schedule. It is also a good idea to have a plan in place for repaying the loan to avoid default.

If you are considering a title loan due to bad credit, it is worth noting that there may be other options available to you. For example, Speedy Cash offers a range of lending options, including payday loans and cash advances, which may be more suitable for your needs. You can also explore other loan providers to find the best option for your financial situation.

Overall, while title loans can be a quick and convenient way to access cash, they are a costly form of credit that should only be used as a short-term solution. It is important to do your research and understand the risks involved before taking out any type of loan.

You can get a title loan without a clear title in some states

Some lenders, like Speedy Cash, offer what is called a second lien title loan, which allows you to apply for a title loan without a clear, lien-free title. A clear title means that you fully own the car, with no outstanding loans against it. With a second lien title loan, you will need to provide proof of your first lien instead of a clear title. This means that you can still qualify for a title loan even if you are still making payments or owe money on your vehicle.

The process to apply for a second lien title loan is very similar to applying for a normal title loan. You will need to bring your working vehicle to a participating Speedy Cash location, where they will do a quick appraisal of your vehicle to determine its value and your loan amount. They will also ask for some basic contact information and income details.

Speedy Cash offers title loans in several states, including Texas, California, Oregon, and Tennessee. However, it is important to note that loan products, rates, terms, and conditions may vary by location and are subject to state regulations. For example, in Mississippi, Nevada, and Texas, a clear title is required for a title loan.

While Speedy Cash does offer title loans without a clear title in some states, it is always a good idea to carefully review the terms and conditions of any loan before signing. Title loans are an expensive form of credit, and it is important to understand the potential risks and costs involved.

Speedy Title Loans offers flexible repayment plans, with no prepayment penalties

Speedy Title Loans is a great option for those who need cash fast. The company offers title loans that are secured by the borrower's vehicle. This means that the borrower can still use their vehicle while making payments but will need to transfer the vehicle title to the lender until the loan is paid off in full. When the loan is paid off, the lender will transfer the title back to the borrower. The amount of the loan is determined by the value of the borrower's vehicle, with loans ranging from a few thousand to up to $50,000.

The application process for a Speedy Title Loan is simple and can be done online or in-store. Borrowers will need to provide basic contact information, income verification, and vehicle information. Speedy Title Loans will then do a quick appraisal of the vehicle to determine its value and, along with the borrower's income, establish the loan amount. The entire process can be completed within a few days, and borrowers can receive their funds within 24 hours if they have all the required documents prepared in advance.

It is important to note that title loans are typically an expensive form of credit and should be used for short-term financial needs rather than as a long-term financial solution. Borrowers should carefully consider their ability to repay the loan and explore all other options before taking out a title loan. Additionally, while title loans generally do not impact credit scores, failing to make payments on time can result in the lender repossessing the borrower's vehicle.

Speedy Cash offers title loans in California, Nevada, Oregon, and Tennessee

To get a title loan from Speedy Cash, you need to bring your vehicle to a participating location. Speedy Cash will then ask for some basic contact information, income details, and vehicle information. They will also do a quick appraisal of your vehicle to determine its value, which will help them decide on your loan amount.

In some states, Speedy Cash offers 2nd-lien Title Loans, which means you can still qualify for a title loan even if you are still making payments or owe money on your vehicle. However, Speedy Cash will have a lien on your car, and they have the right to repossess it if you default on your loan.

The APR for Speedy Cash title loans varies from 30% to 35.99%, depending on credit requirements. Repayment terms are greater than 90 days and can be as long as 60 months. There are no penalties for making additional payments or prepayments.

Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for customers paid bi-weekly or twice a month, or 4% or $5 for customers paid monthly, whichever is greater. It's important to note that instant funding may not be available for all debit cards and is not offered in certain states, including Oregon.

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