New Jersey Title Loans
We have made the title loan application process easier than ever by giving you the opportunity to apply from the comfort of your home. Don’t worry about fulfilling a long list of requirements or waiting around for paperwork to be processed. You can be approved and drive off with the money you need without skipping a beat. In order to save time, we have simplified the process down to three easy steps. Whenever you need money on a moment’s notice, apply for title loans in New Jersey and we will lend a helping hand. Bad credit is no problem and you can keep driving your car!
When you need instant cash loan in New Jersey, Car Title Loans are the option to consider. You can use the necessary funds for any urgent emergency situation with the only requirement that you possess a clear vehicle title in your name. Just take a moment to fill out our quick and easy New Jersey Title application form online to get the process started today. Currently, car title loans are not legal in the state of New Jersey. That is because the of the high-interest rates that many companies charged in the past. The state has an interest rate cap of 30 percent, and the rates that are offered by car title lenders is usually much more than that.
The Center for Responsible Lending, the Consumer Federation of America, and the Southern Poverty Law Center are three of the most outspoken critics of title loans. They believe that these over-secured, predatory loans are highly detrimental to the welfare of the people to whom they’re marketed. Almost 12 percent of title loan borrowers make under $15,000 a year, while about 18 percent make under $25,000. The average loan amount is $950, which equates to $2,140 in interest, plus additional fees every time the loan is rolled over. In Kansas, title loans are structured as open-ended lines of credit, since state law doesn’t cap interest rates for open-ended credit through qualified lenders.
You can only apply for one loan, on one of your vehicles. If you’re married and the title of your vehicle is in your name and your spouse’s, then each person can get a separate loan. Qualified customers typically receive their funds in as little as one business day.
You can start your application for NJ title loans right here on our website. Just tell us a bit about the car your own and give us your contact information. We’ll instantly send you a quote for how much money your car qualifies you for.
We also have a title loan contract for Oklahoma title lenders. For Iowa we have Motor Vehicle Equity Line of Credit contracts and billing statements that work very much like a credit card or home equity loan billing system. We have spent many hours working with Iowa lenders to develop custom program features and contracts for Iowa.
Some lenders may also provide information concerning your loan value. This information will help you determine if you want to proceed with the loan or search for a different lender. This information is totally confidential and will be between you and the lender only. If you decide to proceed with the loan, you will pay the lender directly.