- What is a Title Loan?
- Do I Qualify?
These are some very commonly asked questions:
A title loan is a simple loan that uses your car (or other titled property) as collateral. For people with limited credit history, poor credit or simply in need of a quick loan without all the hassles of dealing with a big bank, title loans are an excellent funding source. They are a quick and easy loan to secure. Go to www.utahmoneycenter.com to apply online or you can apply over the phone. Give us a call. We would love to give you a free quote.
Title loans can be used to pay for:
- Emergencies
- Bills
- Textbooks
- Anything else you might need extra cash for
Learn More About Title Loans
Title loans are much like other loans you may get from a bank, credit card company or individual. The main item of difference is that a title loan specifically states what collateral is used to secure the loan. In most cases, when people refer to a title loan they are talking about a car title being used as the collateral. At Utah Money Center Title Loans in Salt Lake City, Utah, almost any titled property can be used for a loan.
Title loans are named thus because the lenders will hold your title to your vehicle, as collateral. The borrowers are thus not restricted from making use of the vehicle during the period of the loan, because only the title is held by the lender. Titled property is essential any property which is associated or named by a legal document which shows ownership and is recognized by a government agency.