Title Loans Granogue, DE

Title Loans Granogue, Delaware Could Be Just What You Need

Emergencies happen all the time, and they usually aren’t cheap. If you live paycheck to paycheck or you simply don’t have enough money saved up, then you could find yourself staring at a mountain of debt after just one sudden expense. Ignoring the problem won’t do you any good, but fortunately, title loans Granogue give you a way to score cash for your car title. A title loan doesn’t take much time to get, and if you own a car, you can likely get one.

Another benefit of title loans is their versatility. With many other loans, you can only use the money in certain ways. With title loans, that’s 100-percent your call. Maybe you need to pay an auto shop after your car broke down on Smith Bridge Road. Or perhaps you need some extra cash to buy school supplies for your children at the Concord Mall. It doesn’t matter what you need the money for. Once you receive your title loan, you can use it however you want.

Applying for Title Loans Granogue Online

The longest part of applying for a title loan is often finding a lender in your area. That’s why here at Title Loans Online, we’ve put together a quick, simple online application for title loans Granogue, and it will only take seconds to complete. First, the form will require this vehicle information:

• Year
• Make
• Model
• Style
• Estimated Mileage

Next, it requires this contact info:

• Your full name
• Your phone number
• Your email address
• Your ZIP code

That gives us all the information we need to figure out a title loan estimate based on how much your car is currently worth, assuming it’s in good condition. We will also tell a helpful Title Loans Online representative to get in touch with you right away and provide you with a lender’s location where you can get your loan.

How Title Loans Work in Delaware

Federal law mandates that title loan borrowers need to be at least 18 years old. Besides that, states get to make their own title loan regulations. There are only a select few regulations for auto title loans Delaware.

The state puts no caps on title loan interest rates or amounts, which means those are up to you and your lender to decide. As far as title loan terms go, most lenders will set up 30-day terms, but you’re allowed to extend the title loan if you need more time to pay it off. Delaware does have a 180-day cap on title loans, and if you extend it to 180 days, you need to pay it off at that point.

How Secured and Unsecured Loans Are Different

There are two general categories of loans, which are secured and unsecured. The former have collateral and the latter do not, relying only on the borrower’s personal guarantee of repayment.

Title loans are secured loans, as your car is the loan’s collateral. This doesn’t mean you’ll be without a car while paying back the loan, though. The lender only has your car title during this time. You keep your car and can drive it as much as you’d like.

After you repay the loan, the lender gives your car title back. If you default on the loan, then the lender can start the repossession process and eventually sell your car. That’s why it’s smart to extend your title loan if you have any payment issues, because that’s far better than defaulting.