Fast Title Loans Review
No one likes to get into a financial emergency, especially those with a poor credit history. In such cases, the only solution for many people is to take out a loan. However, the existence of multiple lenders in the market makes it difficult to choose a reputable lender.
In this case, an online loan broker like Fast Title Loans can come in handy as they work with hundreds of trusted and reliable lenders. Fast Title Loans offers online loans at competitive and affordable rates. Read on to familiarise yourself with Fast Title Loans and learn how you can benefit by using their services.
Table of Contents
What Is Fast Title Loans?
Fast Title Loans is an online broker specializing in title loans. It does not charge anything from the borrower. You can use it for free.
It connects you to thousands of loan lenders when you need a title loan, payday loan, or any other loan you need. This means you don’t need to spend your precious time finding lenders.
The connection to multiple lenders also assists you in getting the highest amount of the loan. Because with Fast Title Loans, you are not confined to one or two lenders. This, in turn, helps you get the loan more conveniently.
The Requirement to Get a Title Loan Via Fast Title Loans
You need to fulfill some requirements to get approval for your online title loans at Fast Title Loans. These requirements include
- You need to be at least 18 years of age.
- You must own the vehicle under your name.
- Your car title must be lien free if you have already taken a title loan against your vehicle and have yet to settle it. This will not make you eligible to get the loan.
- A real and stable source of income
Apart from the above requirements, you will have a smooth loan approval process if you have the following documents.
- A national identification card or a resident card. This helps the lender know your address and authentic citizenship details.
- The registration documents of the vehicle.
- You also need to provide solid proof against your vehicle insurance.
- You must provide the lender with the original copy of the car title. Furthermore, until you settle your title loan, the original title copy will remain under the lender’s custody.
Meeting all the requirements above and having all the necessary documents, you can apply for a title loan with Fast Title Loans. Visit this websites to get a title loan near me.
Pros and Cons of Fast Title Loans
Although Fast Title Loans is a great broker online. It also has some cons. Here are some pros and cons for your reference.
Quick Submission Process
You don’t need to wait longer when applying for a title loan through Fast Title Loans. The process is simple. It only takes around 5 minutes to fill out the online application form. Everything in the application form is well structured and organized. Anyone can fill it out on the go.
Most Models Acceptance
Besides popular car brands, their lenders also accept other existing models of vehicles when approving your title loans. This means you can expect loan approval regardless of any vehicle you own.
All Credit Types Considered
The lenders associated with Fast Title Loans do not require a hard credit check. Instead, they only run a soft credit check. This means it has nothing to do with bad credit or poor credit history. Regardless of the credit history you have. You can still get a loan when you choose Fast Title Loans.
Limited Country Coverage
Unfortunately, Fast Title Loans are not available to all regions of the world. It is only available for users located in the United States.
Only Supports Car Title Loans
Another con of FastTitleLoans is that you can only use your car/auto title for applying for a title loan. Fast Title Loans do not offer title loans against boat titles or motorcycle titles.
Why is a Title Loan from Fast Title Loans Reliable?
There are many lenders offering title loans in the United States. However, it is difficult to trust a specific lender during loan acquisition. To ensure trustability, you need to perform deep research on multiple lenders. This includes comparing interest rates, legitimacy, and reliability. This costs you time and money.
Here Fast Title Loans serves you best. Lenders from Fast Title Loans have been vetted and approved by the platform. You don’t need to perform hectic research on lenders physically. Fast Title Loans connects you to thousands of lenders online within seconds.
Title Loans Alternatives at Fast Title Loans
Besides Title Loans, borrowers can get other loans with Fast Title Loans. Here are some of them:
1. Payday Loans
Payday loans are loans you must repay on the day you receive your next paycheck. The amounts range between $50 and $5000. This loan does not require anything as collateral.
2. Installment loans
Installment loans refer to loans that you need to repay in multiple installments. The installment loans allow you to fix the number of installments over a specific time. Please note that some installment loans do not pay over $5000. This is also a fit when you cannot repay a huge amount of money in a single payment.
3. Personal loans
A personal loan is a loan that lasts from 12 up to 96 months. It covers varying loan amount range as well. You can apply for a huge amount of money as well as less amount of money. Personal loans support both secure and unsecured models. In a secured personal loan, you need to give collateral against the loan you are applying for, while in an unsecured personal loan, you don’t need to do so. The collateral or asset includes your property or jewelry.
4. Bad credit loans
People often fear their loans will not be approved because of their bad credit history. You can apply for a bad credit loan regardless of your credit history. It offers more restrictions and higher interest rates than other loan types because it does not require any collateral from your side.
1. How Does a Title Loan Work?
A Title Loan is a loan that takes a copy of the car’s title in custody against the loan you get. To get your vehicle title back, you must fully accomplish the loan, loan terms, and loan fees to the lender. While acquiring a title loan, a lender and a borrower sign an agreement. The agreement contains the terms and conditions that the borrower should fulfill. In case you fail to pay the loan on time your car will ultimately become the lender’s property.
2. Can I Get a Title Loan if I Have Bad Credit at Fast Title Loans?
Yes, you can get a title loan if your credit is bad. Since title loans are backed by your car titles, their lenders do not require you to have good credit scores.
3. Will Applying For Title Loans at Fast Title Loans Have a Negative Impact on My Credit Score?
No. Getting title loans with Fast Title Loans won’t hurt your credit since their partner lenders do not conduct hard credit checks. However, if you fail to repay the loan, it will surely harm your credit score.
4. How Much Can I Get From the Lenders at Fast Title Loans?
The loan amount you will get depends on the following:
- Value of the vehicle
Suppose you own a brand-new vehicle with a very low mileage history. Then you can expect a larger loan amount. On the other hand, if the vehicle has high mileage history, damage history, accident history, and excessive repair history. This will lead you to a lower loan amount in the end.