Delaware Title Loans

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If you are in need of a bad credit loan in Delaware, Ohio contact us at Ohio Cash Loans and we will help you get the fast cash loan you need.

Delaware is perhaps best known around the state and country for being the home of Ohio Wesleyan University, one of the more popular liberal arts colleges in the United States.

Ohio Wesleyan University has put an emphasis on being an accepting and multicultural school for people of all identities, ethnicities, and backgrounds. OWU is considered to be one of the nation’s most gay-friendly colleges. On top of that, the school has worked to create and establish institutions of higher learning throughout the world including Kwassui Women’s College in Nagasaki Japan and the Africa University in Mutare Zimbabwe.

Car Title Loan Requirements

If you are seriously considering taking out a car title loan, you are probably wondering what kind of documents you will be expected to provide in order to qualify. While all car title lenders are different in terms of what they need and what they don’t need when it comes to approving applications, there are some general documents that are required regardless of what company you are working with.

Here are the following documents you can expect to provide to any online title lender:

  • Drivers license
  • A copy of your car title 
  • Proof of income 
  • Details of your vehicle (may include photos, video, or an in-person inspection)

The entire process of submitting your application, have it evaluated, and qualifying for a loan can take less than 30 minutes. Here at Ohio Cash Loans, we make it our job to make sure that that process takes as little time as possible so that you can get the money you need when you need it. One thing to ensure that your process goes as quickly as possible is to make sure that you have the necessary proof of income so lenders know that you will be able to pay off your loan in time. 

On top of that, the better quality your vehicle is in, the lower your interest rate will likely be, that means that you will be paying less in interest fees throughout the life of your loan and less money overall to pay your loan back in full. 

What If I Have Bad Credit?

For many types of loans – even some kinds of secured loans – your credit score still plays a very important role. Credit scores tell lenders what your borrowing history is like, and if your credit score is low enough, it might force lenders to reject your application altogether.

This on its own is bad enough, but it’s especially bad when you are facing a cash emergency that requires you to get a loan as quickly as you can. Luckily, most car title lenders do not require a credit score check in order to approve loans. It’s just one of the facets of care title loans that make them so popular for those who need cash fast.

Car title loans vs. payday loans

If you are in need of same-day lending, chances are good you are looking at your options. That’s smart, and there is necessary research that you should always do before agreeing to take out a loan. That being said, when it comes to same-day or bad credit loans, a title loan should certainly be your preferred option of a payday loan. 

The reasons are quite simple. 

First off, while payday loans are typically worth somewhere between $100 and $1,000, car title loans can be much more valuable. That’s because the title loan you are given will be based off of the value of your car. If your car is worth $10,000 for example, you could qualify for a loan from anywhere between approximately $3,000 and $7,000! At Ohio Cash Loans, our friendly staff will help you get the flexible loan you need when you need it. 

The second reason why a car title loan in Delaware should be your preferred source of same-day lending rather than a payday loan is because while title loan’s come with high interest rates, they’re not nearly as high as payday loans. That means that you are spending less money to take out your loan! It’s a win-win! 

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