Online Title Loans

HOW MUCH CASH DO YOU NEED

Baltimore Car Title Loans

If you are looking for a loan in Baltimore, Maryland contact us at TitlePlan and we will help you get the cash you need by unlocking the value of your vehicle with a car title loan. 

The city of Baltimore is the second-largest seaport in the Mid-Atlantic. While Baltimore was a thriving city of industry in the mid-century, it suffered a recession during the nation-wide decline in major manufacturing and heavy industry. More recently, however, the city has seen a resurgences thanks to a service-oriented economy as well as the blossoming institution of higher education, John Hopkins University, which is one of the largest employers in the city. 

Baltimore Maryland

How to get an auto equity loan in Baltimore

A title loan in Baltimore operates the same way as it does in any other city and state in the United States. Basically, a title loan in Baltimore is a type of loan called a secured loan in which you borrow a short-term personal loan against the value of a vehicle that you own in full and have a lien-free title on. The value of your car determines the maximum amount that a title loan company will lend you. It will similarly determine whether or not you are approved for a title loan at all. Most types of vehicles qualify however newer the better, including chevrolet, hyundai, toyota, Nissan and Cadillac

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)

What role does my credit score play?

Your credit score is of the utmost importance when applying for traditional personal loans. That’s because a credit score tells lenders how responsible you have been in the past when it comes to taking out loans and paying them back in time. 

If you’ve had a default, a bankruptcy, or an eviction in the past, you can be pretty confident that you will not qualify for unsecured loans of many kinds. 

Title loans are very different. 

There’s no credit check during the application process for a title loan in Baltimore, and the entire application process moves incredibly quickly. Because of the quick turnaround and lack of credit score check, car title loans are incredibly popular for borrowing who are in need of fast cash. 

What Will My Car Title Loan's Value Be Based On?

The amount that you can legally borrow in the state of California is between $2,600 and $50,000. What a specific car owner can borrow, however, is based on very specific factors.

Overall, the value of a car title loan that you will be offered will be based almost entirely on the value of the car that you own. Because car title loans are based on the value of your car, there are several variables that lenders will keep in mind when evaluating your car’s value.

  • The mileage on your vehicle
  • The age of your vehicle
  • The condition of the body and mechanics of your vehicle
  • Your vehicle's resale value

Much of the resale value will be based off of your car’s market value. If you are interested in looking into your car’s market value before you contact us, feel free to to head to Kelley Blue Book’s website and enter your car’s information to get a good idea.

 

Still, it is important to keep in mind that car title lenders are known to offer loans that are worth somewhere between 30 percent and 50 percent of the total value of your car.

Baltimore Title Loans

If you are in need of a bad credit loan in Baltimore, contact us at TitlePlan and we will help you get the cash you need when you need with a car title loan.

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