Car Title Loans 123 is here to help you get a same day loan in Washington. Most people struggle to find a lender offering high loan amounts with quick payments, and you’ll likely be denied with a poor credit score. Because of that, it’s great to know just how easy it is to use your vehicle as collateral for a loan. Borrow up to $25,000 from a title loan lender and get your money in 24 hours or less! You can get approved with little to no credit history, and we also offer title loans on commercial trucks and motorcycles in WA!
You must own the car outright and have the title in your name. The vehicle title must be clear of any liens, and you can’t have any additional loans attached.
You must live in Washington State. Some Seattle title loan companies will allow you to reside in other states, but the vehicle must be titled in Washington.
You need proof of verifiable income. That way, the required monthly payments are made on time with no delay.
Your vehicle can not be more than 15 years old. Older cars with 100k+ mileage are tough to get qualified as they’re not worth as much and, therefore, have limited equity.
Rates for online title loans vary depending on the lender, but they are often lower than rates for unsecured payday loans. Expect to pay around 3-8% monthly interest on a car title loan. That may not seem too bad, and it’s not if you plan on paying off the entire loan amount early. Compare these rates to a cash advance company that charges monthly rates of 15% or more! But keep in mind that the interest rates for title loans in Washington are high and can approach 100% over a calendar year.
The time to repay your lender depends on the amount you borrow and your desired monthly payment. You can typically expect a repayment term of 12 to 36 months with any title loan company in WA. Pay off the loan sooner, as that will save you money in interest payments, and most importantly, you will get your car’s title back when the loan is fully paid off.
You can still get a title loan with bad credit in Washington. Car title loans are secured loans, and because of that, the lenders are more lenient regarding credit scores. You may have to pay a higher interest rate but will likely get approved for a loan. The other thing that works in your favor is having a vehicle to use as collateral. The lender knows they can take possession of the car if you stop making payments. The fact that they can repossess a vehicle will often make them feel more comfortable giving you a title loan for poor credit or no credit history.
Yes, you can refinance your existing title loan in Washington. By refinancing, you can effectively get a new repayment term and lower your current loan’s monthly payment and APR.
Another benefit of a title loan refinance is getting back to current on your payments if you fell behind for some reason with your original lender. Perhaps the monthly payment was too high, or you missed a due date here and there. Refining an existing car title loan in Washington will reset the financing terms and get things back on track.
Anyone looking for title loans in Seattle should have no trouble getting cash that same day if they apply with a direct lender in their neighborhood.
It can take 1 to 2 days for a finance company to wire or send cash to your bank account. However, a local title loan lender that allows you to meet with them can offer same day approval with the option to pick up your money in person. So anyone looking for title loans in Seattle can apply and get their payout quickly in King County, WA!
Contact Car Title Loans 123 anytime to apply for a title loan in Washington. Fill out the form online or call us at 844-567-5011, and we’ll do our best to get you the cash you need with little hassle.