Are There Title Loans Open on Thanksgiving?
Unexpected financial emergencies can be just that- unexpected. Bills don’t wait for the holidays to be over! Whether you need extra cash for Black Friday shopping or to pay a bill on Thanksgiving Day, a title loan could help. It’s that time of year, and many people are buying presents and catching up on bills to keep up with the holiday season before the new year. So if you are wondering if there are title loans open on Thanksgiving Day, the answer is yes!
All you will need to do is fill out a short loan application for auto title loans online with Max Cash® to get connected to the help you need. Max Cash is a service that can connect you to the most suitable lender for your financial situation. There is no need to visit any store locations to apply for the financial help you need!
What are Title Loans?
If you are a vehicle owner or close to owning a car, you may be able to use your asset to your advantage! Title loans are a type of secured short term loan that can allow you to use your car’s title as collateral for cash. Title loans are typically installment loans, meaning that you will repay your loan in installments each month.
Borrowers will use the title to their car as collateral for the loan. A lien is then placed on the title by the lender until the loan is paid in full, meaning that a borrower is able to keep driving their car while they pay off the loan on time each month. As a lienholder, the lender has a legal right to the vehicle until the loan is paid off.
The use of collateral to secure the loan may make it easier for people with bad credit to qualify for a title loan as opposed to a personal loan. So, if you are not happy with your credit score, a car title loan may be a financial option to consider. There are many benefits to acquiring a car title loan. So if you have a car and need a secured loan, let Max Cash find you a compatible lender that will offer you the emergency money you need, without all the hassle!5 Why do the hard work yourself when Max Cash can do it for you? It’s possible to apply for cash loans on Thanksgiving Day! Don’t wait to see if a title loan is a suitable fit for your financial needs.
How the Title Loan Process Works
- Fill Out a Short Application Online or Over the Phone: To get started and see if you qualify, fill out our quick and easy pre-approval web form. Or, call an experienced title loan agent at 833-207-9052! Both options are available and take no time at all. The form consists of a couple of personal questions and will tell us about yourself and your vehicle.
- Get Connected and Submit Your Paperwork: Once the initial inquiry form is completed, our knowledgeable team will look over the information and let the inquirer know if they have a good chance of securing a loan. Using the information, we can figure out what lenders will work best with the inquirer and connect them to a specific loan company. From there, a title loan agent from Max Cash will ask you to provide a few documents to validate your information. These documents include the title to your vehicle in your name, as well as proof of address, income, and even a government-issued photo ID.
What Happens if I Recieve Approval for a Car Title Loan?
If approved, the lender contacts a potential borrower and goes over the loan terms. You will learn about your offered loan amount and get to take a closer look at your title loan contract. A borrower doesn’t have to accept the entire loan amount, however. In most cases, they can just take what they need!
Along with the offered loan amount, a lender will quote an interest rate and present the loan terms. Monthly payments are often based on the loan duration, interest rate amount, and principal.1
The lender will verify the condition of the vehicle and check the mileage if both parties agree to the terms of the loan. This can often be done by a borrower providing a few pictures of the car. If you agree to the terms and sign your contract, the lender will then be placed as a lienholder on the title until the vehicle title loan is paid off in full. If you make your payments on time, you can keep driving your car like it is business as usual!
What Are The Requirements To Receive a Title Loan Open on Thanksgiving Day?
During the inquiry process, you will be asked to provide some paperwork and personal information. The initial requirements for a title loan state that you need to be at least 18 years of age to apply! Additionally, you must have proof of income/ alternative income and possess a vehicle with qualifying equity.
In addition to these eligibility requirements, you will need to provide documentation to prove aspects about yourself and your vehicle. This paperwork can be conveniently submitted online, and it helps speed up the process!
You can expect to need:
- Driver’s license or another government-issued ID
- Car’s title, registration, and proof of insurance
- Proof of residency
- Proof of income or alternative income, like SSI (Supplemental Security Income)
- Several photos of the vehicle
- A few references
At Max Cash, the approval process doesn’t have to be hassle-our skilled representatives will look for a lender that is right for you!5 Most funding from title loans can be acquired within 24 hours or less, depending on the size of the loan.1
How Much Cash Can I Borrow through a Car Title Loan Open On Thanksgiving Day?
Max Cash determines your car’s value based on its year, make, model, mileage, and other miscellaneous factors, such as the car’s condition, the size of the engine, and any extra features the vehicle may have.
Some examples of extra features that add value are a sunroof or premium leather seats. Believe it or not, this can help you get more cash! The amount you can borrow through a title loan depends on a few different factors1:
- The State You Reside in1
- Your Lender
- The Amount of Available Equity in Your Car
- Your Ability to Repay the Loan
If you get approved for a title loan, there are many ways you can spend your funds.
What Qualifies As Income For An Auto Title Loan?
- To qualify for a car title loan, you will need to provide valid proof of income during your loan application. This is to show a lender that you can afford to repay the loan. Typically, these types of income or documents can be used as proof of income during a title loan inquiry:
- Pay stubs
- Bank statements,
- Recent tax returns,
- W2 forms,
- 1099 forms,
- Letter from an Employer,
- Disability Income or SSI,
- Pension Income, and
- Court-Ordered Payments (Settlement Income or Worker’s Compensation)
How Can I Spend My Title Loan Funds?
The great thing about title loans is that the funding from them can be used for a variety of expenses. Whether you have medical bills or you are behind on rent, a title loan could help. If you need to find title loans open on Thanksgiving Day to help with Black Friday shopping, you are not alone!
Apply for Title Loans Open on Thanksgiving Today
When you call us, you’re not reaching a lender who has only their own interests in mind. You’re calling a company that cares for its customers. Max Cash strives to provide excellent customer service every time you give us a call. We strive to offer a helpful experience that you can take advantage of!
We provide a free service at no cost to you! Let us try to connect you to the help you need.5 Our easy loan process is simple. Just:
- Fill Out the Online Form
- Talk to Your Max Cash Representative About Your Loan Options
- Find Out if You Qualify for Title Loans Open Thanksgiving Day!
