Once you’ve been approved for a title loan, you may be able to borrow up to $15,000 in Washington State. Every car is different and all loan amounts won’t be determined until the vehicle has been inspected and you know the value of your car. As your funding amount is based on the collateral available, you can expect to access 40-55% of the vehicle’s equity. This means that if your car is worth $10,000 you could potentially qualify for title loans in Seattle of up to $5,500. A vehicle that is in supreme condition and with low miles and limited damage will be worth more than what current blue book values dictate.
Online Title Loans in WA With Bad Credit – How Can I Apply
If you have a bad credit rating or low FICO score, you may still access same day cash in Washington State with a vehicle equity loan or salvage title loan. These types of secured loans are designed for those with less-than-perfect credit and most lenders will look beyond a recent default or missed credit card payments. The reasons for this are understandable when you realize that a secured loan has collateral backing it up.
Unlike a personal loan, an online title loan company can fall back on the equity available in your vehicle if you miss a few payments. That’s why equity lenders don’t consider credit the most important factor when underwriting your loan. They will be concerned if you have a current bankruptcy or issues with repossessions from an earlier lender in WA. But all it takes is an explanation about what happened and as long as there’s enough equity backing up the loan, you should be in good shape.
How To Apply For Direct Car Title Loans Near Me In Washington
Fill out our online lending form to request cash with title loans in WA or call 800-971-3022. There are dozens of companies that allow just that in Seattle and Tacoma and most will even be able to provide you with fast same day funding. You can save the hassle of waiting for money to hit your bank account and deal with a direct lender in WA that offers fast cash title loans.
Interest Rates With Washington Title Loans Near Me
Here in WA, most lending places will charge you an APR that’s around 80%. This means that if you were to borrow $1,000 for a year, you would end up paying back $3,000 with interest. Look for companies that allow you to negotiate down to a lower interest rate after you’ve made several on time payments.
I’m Ready To Apply For A Car Title Loan In WA- How To Get Started
Apply online or call us at 1-800-971-3022 if you have any questions about Hyperlend or what’s required to apply.