Many people know about home equity loans, while few are knowledgeable about auto title loans and their advantages. If you live in Houston, Texas, or nearby areas and need an auto title loan lender, we can provide you a loan equal to your car or motorcycle’s equity.
This article will unveil some common myths about auto title loans.
You will be charged high-interest rates with auto title loans
People often mix auto title loans with payday loans because both give you rapid and easy access to cash. That is the reason many think that auto title loans charge high-interest rates like payday loans.
But the reality is the opposite.
Auto title loans are loved by many because they don’t charge excessively high-interest rates. Your vehicle’s worth is security for these loans, and the customer isn’t worried about paying back a hefty amount of interest.
You will have to lose your car.
Another myth about auto title loans is that you may have to lose your car. You should keep in mind that you are only giving away your car’s title but not the actual vehicle. No auto title loan provider will demand your car to compensate for the loan. This is perfectly normal because nobody wants to get into the trouble of fetching your car and selling it. They simply want you to repay the loan.
You need good credit history to get the loan.
Most conventional loans require a good credit history, however auto title loans don’t have such requirements, and you can get the loan no matter how bad your credit history is.
Most of the time, auto title loan lenders won’t ask any questions regarding your credit history since your vehicle works as collateral. You can get a loan equal to the equity in your car.
Auto Title Loan Companies are Unfair
One weird myth about auto title loan providers is that the loan they provide varies from customer to customer. But this is not true. The only thing that decides how much money you get is the condition of your car.
Do excessive research before trusting an auto title loan provider.
If you are looking for a reputable auto title loan provider in Houston, TX, contact us today. Our staff will ensure you get the best out of your car.
It’s difficult to find Car Title Lending Companies
In this digital age, finding auto title lenders is easier than ever. Online review can be very helpful, and you can determine if you want to go with that company or not. Do your homework before trusting a lending company.
Get an Auto Title Loan Today!
Don’t indulge in these myths about auto title loans and restrict yourself from getting the loan you need. Get in touch with Advantage Finance LLC – the number one title loan provider in Houston and get access to the much-needed cash. You can call us at 281-410-5337.