What is Birmingham Title Loan?
Title loan is a secured type of loan that gives you the ability to get money for your needs in Birmingham, AL. This loan uses the value of your car as collateral for the loan. With a Title Loan in Birmingham, AL, you can borrow from 25 to 50 percent of the value of your car. As a rule, lenders provide loans up to $ 5,000. In some cases, you may find a Birmingham, AL lender who will provide you with up to $ 10,000. Typically, loan terms vary depending on the amount you want to receive. As a rule, repayment terms in Birmingham, AL vary from 12 to 36 months.
Without even looking at the fact that your vehicle is a collateral, you still have the right to use the car during the loan repayment in Birmingham, AL. When you get paid, the lender becomes the temporary owner of your vehicle title. In order to get the title back, you must fully cover the loan with interest on time.
How does a Title Loan in Birmingham, AL work?
In order to get a Car Title Loan in Alabama, you need to bring the car and its title to the lender's store, where a specialist will assess the value of your vehicle. The car is evaluated in accordance with the following requirements: make, cost, age, mileage and condition. After assessing the cost of the car, the lender will be able to offer you the loan amount that you can get in Birmingham, AL. Next, you will need to sign a contract, and after that you will be able to receive a payment.
What are the benefits of a Title Loan in Birmingham, AL?
- Fast approval. Typically, lenders in Birmingham, AL approve the Title Loan on the day of application. Thus you can receive a fast payment and solve all your financial problems.
- Fast payouts. You will receive money the next day after the Title Loan is approved in Birmingham, AL. In some cases, you can receive money even on the day you apply.
- Bad credit is not a problem. If your credit history is not an example to follow, you can still be approved and get a loan in Birmingham, AL.
- The ability to use the vehicle during the loan repayment. Despite the fact that your car is a collateral, you have the right to drive a car during the loan repayment in Birmingham, AL.
- Early payment option. If you want to repay your loan debt in advance in Birmingham, AL, this is not a problem. Typically, title lenders do not charge early payment penalties or fees.
If you don't want to provide your vehicle as collateral to secure a Title Loan, apply for quick unsecured Payday Loans in Birmingham, AL.
Birmingham Title Loan places near me:
Top Payday Lending companies in Birmingham, AL
Title Cash - 72 Green Springs Ave S, Birmingham, AL 35205 - tel: (205) 942-7841
Title Cash - 1614 Center Point Pkwy, Birmingham, AL 35215 - tel: (205) 856-1799
Title Cash - 1641 Center Point Pkwy, Birmingham, AL 35215 - tel: (205) 856-1799
Title Cash - 2730 Bessemer Rd, Birmingham, AL 35208 - tel: (205) 788-3996
US Title Loans - 9005 Parkway E, Birmingham, AL 35206 - tel: (205) 833-1742
US Title Loans - 824 Green Springs Hwy, Birmingham, AL 35209 - tel: (205) 290-9199
US Title Loans - 9849 Parkway E, Birmingham, AL 35215 - tel: (205) 520-0772
US Title Loans - 744 Lomb Ave SW, Birmingham, AL 35211 - tel: (205) 780-0104
US Title Loans - 1145 Forestdale Blvd, Birmingham, AL 35214 - tel: (205) 796-0225