Will My Information be Kept Private When I Get a Title Loan?
In the modern era, identity theft is a big, ever-present concern. It seems that every other week, some big company has a server breach and thousands of people’s information gets exposed to the public.
So, when considering getting a car title loan, how can one be sure that their information stays private? What can Max Cash® offer me in terms of security that other companies and services can’t offer? As it turns out, there’s plenty that Max Cash can promise to keep your private information safe.
What Does Max Cash Use My Information For?
When asking about information safety, the first and most important step is usually finding out what the company intends to use the information for. At Max Cash, we pride ourselves on being open and honest with our customers-we outline how our customer’s information is used.
In fact, our customers’ information is only ever used in step one of the financial referral service process, which is outlined below.
- Register for the Program Online
In the first step of the process, you’ll need to provide Max Cash with some basic information. Nothing like a credit card or Social Security Number, so don’t worry. We simply ask for a general address (city, state, and zip code), estimated monthly income, some contact info like an email and phone number, and the details of your car (make, model, year, mileage). Fill that out and send it off, it will only be used for one thing: the next step.
- Max Cash Does Your Searching
Max Cash uses your information for one purpose and one purpose only-finding you a loan. Max Cash will use some of your information -the monthly income and car details- to shop around for potential lenders in your area. The lenders will use the provided information to determine approval. If they decide to offer a loan, the next step comes into play.
Learn More About Max Cash and How Your Information is Kept Private
3. Negotiating
Once lenders have offered a loan deal, Max Cash will haggle with them to lower rates and provide better terms. After negotiating, Max Cash will compare the loan offers to find the one that is most suitable for the customer’s financial situation. Every detail is considered, from the loan duration to the terms. Max Cash will then present you with the loan offer, and if you accept, you are connected to the lender. Once you are in contact with the lender, you will go over the final loan agreement together, you can start the next step.
- Funding Acquisition
Once you’ve settled on the terms of the loan, the last step is discussing how to retrieve your funds. Usually, the lender will offer three options for money retrieval. You could pick up your funds in one of three ways: a physical pickup at the lenders brick and mortar locations, a mailed check, or a direct deposit to the financial account of your choice.
As you can see, when Max Cash collects your information, it’s for your benefit. The information is used solely in the financial referral service program to help you find a lender. Max Cash only divulges as much information as necessary for each step of the process. And, as you’ll soon see, there’s plenty more that they’ll do to keep your information safe and sound.
Max Cash’s Information Safekeeping Strategies
Max Cash is built on a foundation of trust between the three parties involved with our business: ourselves, our lenders, and our clients. Maintaining that trust, especially when it comes to our customers, is of the utmost importance. It’s why we take every precaution to keep our clients’ information safe and sound.
When a lender joins our financial referral service program, there are several different terms they are required to agree to. The lender must agree to maintain honesty and transparency.
In the loan industry, lying about or obscuring loan details can be unfortunately common. As a result, the clients who end up going to these disreputable lenders will end up agreeing to terms they can’t afford. This can occur because the lender lied to them. Or, because their language was so complex and confusing that the customer didn’t understand what they were agreeing to.
When accepting new lenders into our program, we background check them to make sure their history doesn’t include instances of disreputable behavior. The lenders we do partner with are vetted and Max Cash approved.
Your Information is Kept Private-Apply with Max Cash Today
Knowing what Max Cash uses your information for can help bring peace of mind. Knowing your information is kept private when obtaining a loan is just one of the many perks offered by Max Cash. You can rest easy knowing your information is handled with the greatest caution. So, with your fears eased, why not apply to Max Cash’s financial referral service program today?
