Title Loans Henderson, NV
Short-term loans from non-traditional lenders are for people on the lower end of the economic spectrum. That’s what some people believe, but they are wrong.
If you consider that over 50 percent of Americans earn less than $30,000 a year and how difficult it is to support a family on that amount, you can understand how a person falls short of cash sometimes.
Also consider that three-fourths of Americans live paycheck to paycheck, and about a fourth of Americans have absolutely no money put aside for emergencies.
That means, in a money crunch, these people will have a hard time finding another person to help them. While it is unfortunate that people have money problems, the good news is that car title loans Henderson, NV can be a lifeline during a financially challenging time.
Title Loans in Henderson, NV
Using a vehicle to secure a loan is called a title loan. Because it involves a valuable piece of property used as security, lenders have no need to conduct credit checks for people applying for title loans Henderson. Without a credit check process, all credit types are welcome to apply and likely to be approved for car title loans in Henderson, NV.
Henderson Title Loan Application
Title loans Henderson applications begin with you providing information to Velocity Cash. Our easy online application only requires you to give us your location and contact information, and tell us a little about your vehicle; its make, model, style, year and mileage.
Car title loans in Las Vegas, NV and Henderson are based on the fair market value of your vehicle. So, when you give us information about your car, we determine its value and give you a loan estimate. After that, we call you to discuss your options.
This includes how much money you need, when you want to collect the loan money and setting up a repayment schedule. We may need additional information at this time, such as your source of income and the condition of your vehicle.
Nevada Title Loan Laws
Title lenders must be licensed by the state to operate in Nevada. Loans can not be made for more than the actual value of the car. Loans are for 30 day terms but can be renewed six times for a maximum time frame of 210 days.
Nevada allows Velocity Cash and other title lenders to offer title loans to customers who do not have a free and clear vehicle title. To claim the loan, these borrowers must add the title lender to their vehicle title as a new lien holder.
Lenders planning to repossess a customer’s vehicle must give that customer 30 days written notice before the vehicle is taken.
Benefits of Getting a Title Loan
Benefits of title loans against cars are summed up in three words; hassle free reliability. Velocity Cash makes it easy and convenient to apply; just sit down in front of your computer, and take a couple of minutes to complete the application.
There are no long forms to fill out, no stack of documents you need to provide, and there is no need to come to our office.
We take the stress out of the approval process by eliminating the credit check. Our loans are based on your ownership of a vehicle that you use as loan security.
With collateral, your credit history is not the most important part of getting a loan. So you may still qualify for a loan with bad credit.
If you own a car and have a way to pay the loan back, you rely on our position that all credit types are welcome.
When you also consider that most loans are approved within a day or so, even title loans for unemployed people, you really can’t find a better way to get the money you need as fast as you need it!