Many families are proud pet owners who treat their animals just like part of the family. When a family member is injured or comes down with a serious illness, we tend to do whatever we can to help. The same can be said of pets. When a pet needs major surgery or costly medication, we are willing to do whatever we can. Often, that means spending money that we may not have. One of the things that you can do in this situation is take out a car title loan.
Who Can Use a Car Title Loan?
If you own a vehicle that is paid off, you can qualify for a car title loan. At Embassy Loans, one of Florida’s leading consumer finance companies, you can still qualify for a car title loan even if you have a balance remaining on your car. It is preferred that your vehicle is 15 years old or less and in good condition. The vehicle is used to secure the loan.
How Do I Apply?
You can apply in person at Embassy Loans or, if more convenient, online. Once the application is complete, an applicant must submit some documentation, including the title to the vehicle, for the loan to be processed. The application takes just a few minutes.
What about My Credit History?
Since the loan is secured by your vehicle, there is no need to check your credit history. When a borrower defaults on a car title loan, lenders have the right to take possession of the vehicle and then sell it to recover any losses. No matter what your credit history is, if you own a car, you can take out a car title loan.
How Long Does It Take?
Filling out an application is quick and starts the process. If you submit your documentation promptly, your loan is processed immediately. Your vehicle will be appraised for its value. Normally, lenders will use traditional blue book values. Once that is finished, the final loan agreement is drawn up. Borrowers sign and can have access to their funds almost immediately. The entire process from application to access to money is as fast as an hour.
Take Care of Your Pet
The typical car title loan is for a few thousand dollars. Many of the procedures that your pet may need can be covered by a car title loan. Pay for your pet’s procedure or medication and give yourself some peace of mind.