Title Loans Columbus Ohio Frequently Asked Questions
Q: What is a car title loan?
A: A car title loan is a personal loan that uses your vehicle as collateral. To qualify, you need a free and clear car title, or a car that's fully paid off. The vehicle title must be in your name. You can continue driving the car while paying back a Columbus car title loan, and after you submit your final payment, we'll mail back your car title.
Q: What are auto title loan fees?
A: There are no hidden fees and no early repayment fees when you apply for an Ohio car title loan. Additionally, there's no fee for completing an application and receiving an instant pre-approval. If you decide a car title loan is right for you, you'll enjoy a low, competitive interest rate. Low rates keep title loans affordable and manageable.
Q: How fast can I get approved for a Title Loans Columbus?
A: Our service can provide fast cash on short notice. If you complete an application for a car title loan today, there's a good chance that you'll have money within the next 24 hours or sooner.
Q: What are requirements for a car title loan?
A: Many people who apply for a car title loan are eligible for cash. To get approved, you must be at least 18 years old with a government-approved ID, such as a drivers license or a passport. You'll also need steady income, which can include income from an employer, self-employment, or another source like alimony or child support.
Q: What are the repayment terms for an auto title loan?
A: Car title loans are flexible and customizable. After getting pre-approved, speak with a title loan representative to work out the repayment details. You can take up to 42 months to pay off a loan. You're always free to pay off the loan ahead of schedule. Also, our reps can re-work or refinance your Columbus car title loan if you can't handle the original payment amount.
Q: What are common uses for a car title loan?
A: This is your loan, so you can spend the money however you want. Some people use an Ohio car title loan to consolidate their debt, and others use loans for home repairs, business expenses, college expenses and other personal uses.
Q: What is the difference between a car title loan and a payday loan?
A: Payday loans are short-term solutions with expensive fees, and full repayment is within two weeks. A car title loan is more flexible. Although a title loan uses your vehicle title as collateral, these are long-term solutions featuring competitive interest rates.
Q: How much can I receive from a car title loan?
A: When you apply for a car title loan, you'll need to schedule a vehicle inspection with a local branch. The condition of your car, as well as the make, mileage and model determines how much you can receive which can be hundreds or thousands of dollars.