Getting payday loans online is a type of instant cash advance credit where you use a car title as security for the money given. These are short-term loans that have high-interest rates and the lenders don't always check your credit but instead consider the value of the car to give you the emergency payday loans. The process usually takes fifteen minutes to complete and the amount of money you may borrow ranges from $100 to $10,000. The interest rate on them range from 36% to 100% depending on the lender and state requirements on the interest lenders can charge.
When you go to the title loan company, bring your car along with the car's title. When you fill out the application, you'll need to present verification of your income and proof of your residence. Before you sign the loan contract, you should read the terms and condition of the title loan carefully and ask questions if you're unsure of certain terms included in the contract.
Once you pay the money for the document transfer fees and receive the money, you should start paying the debt as soon as possible and if you're struggling to repay the loan, contact the lending institution at least three weeks before the date of the loan repayment. Some lending institution will extend the repayment date and give you more time, but if you fail to re-pay the loan after the extension, the lending institution will have the legal right to repossess your car.
If you want to reclaim your car, call the lending institution and find out the amount they owe you. After that, you will have to pay that amount either in the form of cash or cheque to the lending institution. The instant cash loans onlinelender will give you a certain document stating that you have repaid the balance lent to you. Take this fast payday loans document together with the car to the Department of Motor Vehicles and they will return the car title back to you.