Title Loans in West Virginia | PaydayloanHelpers
If you find yourself in a financial situation that prevents you from paying bills or taking care of other necessities, title loans might be the answer. Title loans in West Virginia are an alternative to payday loans and allow borrowers to borrow money against their car title. If you have questions about title loans, our site is a great resource for information about title loan applications, rates and more!
What is a title loan?
A title loan is a type of personal or signature loan that allows borrowers to borrow against the title and the future value of their car. In addition to title loans, West Virginia residents can also apply for payday loans from PaydayloanHelpers . Both title loans and payday loans are types of installment loans that allow borrowers to pay back money they owe in smaller installments over time, rather than all at once. The main difference between title loans and payday loans is how long it takes for a borrower to repay their loan.
How do I qualify for a title loan in West Virginia?
In order to qualify for a title loan in West Virginia, you must own your vehicle outright and have been employed by the same company for at least six months. In addition, borrowers who apply for title loans with PaydayloanHelpers can earn points toward cash back by paying their loan on time and recycling electronics.
How quickly will I get my title loan?
After you fill out an application with our site, we connect you with a title lending partner that is ready to provide a quick decision about your title loan request. Once approved, title lenders in West Virginia can fund title loans within 24 hours of approval! Title loans are an easy way to make sure you always have enough money on hand no matter what unexpected expenses might arise.
Benefits of taking out a title loan
Title loans don’t require a credit check, which means borrowers with bad credit can still get title loans. In addition, title loan borrowers do not have to deal with the hassle of faxing paperwork or waiting weeks to get a title loan. Title lenders in West Virginia will usually give title loans borrowers their title and a vehicle appraisal within 24 hours!
Risks of taking out a title loan
Even though title loans offer quick funding times and title lenders in West Virginia typically provide borrowers with their title within 24 hours of approval, there are some drawbacks associated with title loans. On average, title loan borrowers who finance more than 10% of their car’s value may have trouble selling or trading in car if they want to buy another vehicle.