Get Quick Cash at 1st Choice Money with Our Title Loans
Sometimes, life gets in the way. A pipe breaks and floods your home. Your old refrigerator finally conks out.For all these times and so many others, an auto equity title loan from 1st Choice Money Center could be the solution. With our easy application process and payment options to suit your budget, our auto title loans get you the cash you need, when you need it, with minimal hassle.
What Is an Auto Title Loan?
An auto title loan is a short-term loan that uses the title of your car as collateral against the loan. For loan applicants who have a less-than-spotless credit history but own a car, this loan is especially attractive.
How Does a Title Loan Work?
Using your car as collateral, you can simply bring in the title of your car and use its value in exchange for more money in the loan process. Once you provide us with your vehicle title and agree to pay off the loan within a certain period, we give you the cash you need. Once you repay the loan within the agreed upon time, the title is returned to you. The main benefit of title loans is it allows you to secure more money than you would otherwise get with an ordinary loan – up to $10,000 – depending on the value of the car.
With a 1st Choice title loan, you won’t get stuck paying interest only – which is a huge benefit. At 1st Choice, your title loan’s principal balance shrinks with each payment, and the pay rates are manageable.
When Is a Title Loan a Good Option?
Most installment loans or payday loans have a reasonable limit on how much you can borrow. At 1st Choice, we don’t want you to over-extend yourself and get in a tougher position than when you started. For that reason, we keep the loan amounts on our installment loans reasonable.
However, sometimes a $1,500 dollar loan won’t be enough to solve whatever situation you’re in. When that happens, a title loan may allow you to borrow more than a payday installment loan because you can borrow against the value of your car, which may exceed the amount you could get through a typical payday loan or installment loan.
What Advantages Do Car Title Loans Have Over Other Loans?
Quick access to cash – Car title loans are, in a word, fast. Typically, car title loan applicants don’t even undergo a credit or background check before getting approval for their loan. Credit checks can take weeks or months to process, but because a car title loan uses an owner’s car title as collateral, there’s no need to verify the owner’s capacity to pay off the loan.
High likelihood of approval – Because an applicant for a car title loan is not subject to a credit check before having their loan approved, their loans are almost never denied. The car itself serves as the loan collateral, so being able to prove a capacity to pay off the loan is not necessary. This fact makes car title loans some of the most popular loan products for those with subpar borrowing histories.
Uninterrupted quality of life – Getting a car title loan won’t interrupt your daily life. You’ll still have access to your car and you can drive it around as needed, and as long as you can pay off your loan on time, you’ll be able to keep the car.
Make Us Your 1st Choice for a Car Title Loan
At 1st Choice, we understand sometimes life doesn’t always go as planned, so we don’t discriminate based on your earnings or credit score. We offer loans to those with bad credit – even if you don’t have a checking account! We also accept all vehicles for title loans. When you visit us at one of our 25 locations throughout Utah and Idaho, you'll experience a quick five-minute approval so you can collect your cash and be on your way.
1st Choice doesn't believe in pre-payment fees or other hidden costs. Our first priority is to help our customers get the cash they need so they can get back on their feet. Our goal is to help you become debt free, rather than saddle you with more debt. With each payment, you can feel confident knowing you are paying off your debt and making progress toward financial security.
Whether you need title loans in Salt Lake City or Boise, we have a location close to you. Come visit us at one of our nearby locations, or contact us at 1-877-CASH-365 (1-877-227-4365) for more information. We look forward to helping you pay off your debts so you can regain peace-of-mind and move on with your life.
At 1st Choice, we offer a lower interest installment loan that gets you the cash you need so you can consolidate your debts without the hassle of high interest rates or extra costs like pre-payment penalties or roll-over fees.