Title Loans in Corvallis, Oregon: How to Apply in 2022
We understand. Unexpected financial issues like medical bills or utilities are a nightmare to pay.
Applying for a loan at a credit union or a bank is a hassle. It takes a long time to loan cash, and the process is strict and rigorous.
Thankfully, you can get fast cash when you apply online for title loans in Corvallis, Oregon.
Borrowers in Corvallis:
- Do not need to be interviewed
- Do not need to submit tons of documents
- Do not need to worry about bad credit and poor payment history
You can get money online as fast as one business day in Corvallis as long as you have a vehicle with good equity and good value.
How Do Car Title Loans Work in Corvallis?
Car title loans are loans you can get with your car as collateral.
Title loans are unlike payday loans where a borrower does not need to put up anything for collateral to the lender.
With car title loans, the lender can seize your car (or any vehicle) for auction to repay the remaining balance in the case of a failed repayment.
A car title loan is an installment loan. Customers can repay title loans in terms with manageable interest.
Furthermore, you can still drive your car even with an outstanding loan balance!
Get Corvallis Title Loans: 3 Easy Steps
Here are the 3 easy steps you can follow when you apply for title loan in Corvallis.
1. Call on the Phone or Apply Online
The process of applying for Corvallis title loans is FAST and EASY!
It will only take you about 5 minutes when you apply online or call on the phone!
Upon submission, borrowers will be given a conditional approval for the pending review of documents.
2. Submit the Required Documents
You’ll be needing to submit these when you apply for a title loan:
- Proof of income
- Proof of residency
- Oregon-issued or government-issued ID
- Vehicle registration papers and insurance papers
- Vehicle title or pink slip
- Recent photos of the vehicle
For other details, we suggest to give your loan agent a call or to visit their website.
How to Qualify for a Loan
How will you know if you qualify for a title loan?
Well, you only need to take note of these TWO conditions:
- You are providing acceptable property
- You can demonstrate ability to repay the loan with a steady income
Also keep in mind that companies offering car title loans in Corvallis do not service student loans.
Loan proceeds are limited to service personal, family, and household purposes. So, we encourage you to inquire about this when applying for car title loans in Oregon.
3. Get Your Money Fast
Funding time starts from the moment your documents are given the final approval.
Once a request for a car title loanrequest is approved, funding is released in ONE BUSINESS DAY.
You can get the money in person or you can have it wired to your bank account or through cash transfer companies in Oregon.
Minimum Loan Amount: How Much Cash You Get?
The loan amount is based on your car’s value in the market.
The higher the equity and the value of your vehicle, the more money you’ll be getting for your loan. The value of your car is based on the vehicle year, make, model, and mileage.
If you’re curious, you may inquire about your car’s value firsthand. Just give your loan agent a call!
The minimum loan amount varies per lender, so be sure to research and weigh your options.
For example, you can find a company that offers a minimum of just $2,500, while other companies may offer a higher minimum of up to $10,600.
Interest rates also vary per company, so we strongly encourage you to ask your local loan agent about the fees involved.
Benefits of Getting Title Loans in Corvallis Oregon
Title loans are very practical and offer a lot of benefits! Here are a few reasons to say YES to title loans.
1. Customer Comes First
The customer comes FIRST when you apply online for a loan in Oregon!
Lenders care and understand about any financial difficulty you might be having, may it be medical emergencies, funerals, or other unexpected situations.
The loaning process is made easy, fast, and convenient, and you will be approved because of HIGH APPROVAL RATES in Oregon.
All you need to do is fill out your application online, submit your documents, and you can get your money through the bank or in person right away.
If we look at banks, the process of applying for title loans can take a while, especially with their rigorous interviews and strict submission of documents.
You may even be rejected if you have bad credit; not the best option when you’re strapped for cash and short on time, right?)
It shows that car title loans in Oregon are the better and more time-efficient way to gain some quick money!
2. Bad Credit Is Not a Problem
Poor credit and bad payment history can get your car title loan turned down in a credit union or bank.
But rest assured, lacking on credit will not get you turned down when you apply for a title loan in Oregon.
No credit is required; all you need to have is an acceptable property that can qualify you for a title loan.
3. Excellent Service
Title loan companies in Oregon offer EXCELLENT customer service!
Car title loans are a serious matter indeed, so it’s only natural to feel nervous about them (especially when your car is at stake).
But rest assured, you can ask anything about the loan process when you discuss your situation to your loan agent. You’ll find them flexible and easy to talk to!
4. No Hidden Fees and High Interest Rates
Predatory companies can get you in a lot of debt because of fraud, hidden fees, and high interest rates.
That’s why we especially recommend applying for title loans at reputable lending companies here in Oregon.
Some companies in Oregon have been helping people in their title loans for years!
They guarantee you a safe and honest loaning process where the terms and conditions are fully understood by the customers and fully respected by the lenders.
5. You Can Keep Driving Your Car
You don’t have to surrender your car while it’s still on title loan in Oregon!
Since the lender just keeps the car title, the vehicle itself is still in your possession. You can still enjoy having a source of transportation!
You would only lose your car if you failed to pay back your debt.
Remember to REPAY ON TIME!
6. Long Payment Terms and Low Payments
Applying for loans in Oregon will not leave you down-and-out.
Payments are kept low and borrowers have longer terms for repayment. You can even get another title loan if you qualify.
We answer some commonly asked questions about the process in the next section!
Is It Possible to Get More Than One Title Loan in Oregon?
Usually, only ONE title loan is approved per vehicle here in Oregon.
If you really need to have another title loan through a second vehicle, we suggest discussing your situation thoroughly with your loan agent.
But it’s not a cause for worry!
It is still possible to get two title loans given that the second car title is in your spouse’s or partner’s name.
What Are the Risks Involved?
Of course, there will be risks when applying for title loans. You especially do not want to sign a contract with predatory companies.
ALWAYS work with reputable financial institutions.
You don’t want to be deceived with misleading hidden fees and ultra high interest rates that can go up to as high as 500% of the initial loaned amount.
Some people have had their properties seized and auctioned off only to find out that they still have debt to pay off because of the unreasonable interest.
The funding that was intended primarily to solve financial issues has now become the issue itself!
However, rest assured that Corvallis car title loans are safe and payable to all customers!
These car title loans have no hidden fees that will get you in even more debt. You can check out a website for yourself or call one on the phone!
Of course, anything involving a loan is quite serious. Here are a few tips to prevent any problems!
- The more your car (or any vehicle) is worth and the more marketable it is, the more money you can get for your title loan.
- The SOONER a customer repays a loan, the lower the interest rate.
- It is better to look for a specialized lender instead of applying for a title loan at a bank since rates are cheaper. You can find these lenders online.
Apply for a Title Loan Today!
Get your life back in a heartbeat with Corvallis title loans.
If you’re having trouble with your finances and don’t have enough money, you can get a loan easily online and receive cash in as fast as one business day .
Everyone deserves help, even if you have bad credit history.
Get a car title loan in Oregon with just a phone call and pay your worries away.