I recently had the need for some extra money to pay bills and keep up with living expenses. I happen to come across some information about auto title loans online, so I conducted a search for auto title loan Plano company that offers these types of loans. What I soon discovered is that I did not need good credit or even an excellent credit score to get approved for one of these loans.
Although there are many different companies that offer auto title loans in Plano, I also know that some of these companies charge interest as high as 300 percent sometimes more.
Why An Auto Title Loan?
That is why I decided to apply for an auto title loan from the VIP Title Loans. This company offers the best rates on car equity loans. At only six percent, I knew that I would have no trouble paying the loan off quickly. This is one of the main reasons why I decided to contact this company.
However, there are other reasons why this company is one of the best lenders in Plano.
When I started falling behind on my bills, I had trouble getting caught up.
How Is VIP Title Loans Different?
When I learned that VIP Title Loans allows consumers to pay off their loan over a year, I decided to apply for a car title loan. I did not want to take an auto title loan out that I would not be able to pay back. This is because with this type of loan the lender holds onto the title of your car as insurance that you will pay the loan back. Since most companies charge as much as 300 percent interest, many people ultimately wind up having their car repossessed.
I did not want to take that chance that is why I chose to apply for an auto title loan from VIP Title Loans.
I also chose to contact this auto title loan Plano company because the company does not factor credit scores into the approval process. I do not have good credit, so I knew that I needed to work with a company that does not factor credit scores into the approval process.
To get approved for the auto title loan, all I had to do was drive my car into VIP Title Loans. In less than 30 minutes, I was notified that I was approved.
In exchange for the loan, all I had to do was hand over a copy of my title to VIP Title Loans who will hold onto the title until the loan is paid off.
Best Title Loan In Plano, TX
I expect to have the title to my car back within one year. At that time, I may decide to contact VIP Title Loans an auto title loan Plano company for another car equity loan.
I have a lot of family members and friends who are also struggling to pay their bills. I have told everyone about the benefits of applying for an auto title loan from VIP Title Loans.