Title Loans In Cincinnati - What Are They And How To Qualify

Are you having trouble finding a bad credit lender that offers same day cash in Cincinnati? Do you have a vehicle registered and titled in your name by the Ohio BMV? Here at Car Title Loans 123, we help people with bad credit get money quickly with an equity loan.

We've been offering car title loans in Ohio for years, and you can borrow up to $20,000 with this lending option. You don't need to worry about taking days or even weeks to get approved because most consumers can get a quick funding approval within one business day.

Requirements For Car Title Loans In Cincinnati, OH

You'll need a lien-free vehicle titled in your name to get started. The car has to be completely paid off, and those worth $5,000 or more should have no trouble being approved as collateral. Your vehicle must also have comprehensive collision insurance while the lender holds the vehicle title.

When you come in to sign for your loan, bring your title, photo ID, registration, and proof of income. This proof of income can be bank statements or employer pay stubs. Most lenders in Cincinnati also accept Social Security and disability statements that show consistent monthly income.

Repayment Terms For Car Title Loan In Cincinnati

You can choose a repayment term of 12 to 42 months for your title loan, but most people pay off their loan early because there are no pre-payment penalties and the interest is relatively high with secured loans. When looking for a title loan company in Hamilton County, OH, try to find a lender that allows early payoffs without a prepayment penalty. By making early payments, you can ultimately get the vehicle pink slip back and, most importantly, avoid the costly interest charges. Some companies charge interest rates on Cincinnati title loans of over 70%, so it often makes sense to pay down the balance within the first few months of the repayment term.

Get A Car Title Loan In Cincy With Bad Credit

The lenders we work with at Car Title Loans 123 don't base their approval decision on your credit score. Instead, the emphasis is on the collateral in your vehicle and how much equity there is to back up the loan amount. While unsecured loans require good credit, a secured loan is almost entirely underwritten using your car's value, not your FICO score.

Consider refinancing if you pay high interest rates or have unfavorable terms with another lender. By refinancing your title loan with us, you could lower your monthly payments, save money, and get back on track with the payoff terms! Contact Car Title Loans 123 today to learn more about refi options in Cincinnati.

Title Loans Near Me In Cincinnati

You've come to the right place if you're looking for Cincinnati title loans. We can connect you with local title loan lenders in Ohio, and there are several convenient locations to serve you locally in Clifton and Hyde Park. You can walk in during regular business hours and walk out with cash for a car's title. We also offer online title loans in Cincinnati, so you can apply from home without bringing in your vehicle for an inspection.

Applying with Car Title Loans 123 online is easy, and we also take applications over the phone at 844-567-5011. Contact us today for more info!