How to Spot a Bad Las Vegas Title Loan

When you need cash fast, you have limited options if you don’t already have the money in savings. If you have good credit, you can go to a bank and try to get a loan, but that will be hard without collateral, and it will take a few days or even weeks to provide all the documentation and get approved. If you don’t have good credit, you’ll have a hard time getting approved for any type of loan, and any loan you do get will likely come with excessive interest rates and fees.

Title loans give you the money you need based on the value of the vehicle you own, so your credit doesn’t matter. You also get the money quickly and don’t have to provide a lot of paperwork to get approved. Unfortunately, since many people try to get title loans when they are having a financial emergency, there are many Las Vegas title loan companies that will try to take advantage with hidden fees, high interest rates, and unfair terms.

You need to be careful if you are shopping for a title loan in Las Vegas so that you get a good loan that actually helps you with your financial issues. Here are a few ways to identify a bad North Las Vegas title loan so that you can steer clear:

Very High Interest Rates

Predatory title loan companies will charge as much as they can in interest since many of their customers may have no other options for getting the money they need (or may not realize they have other options). If you apply for a loan and get an offer with outrageous interest rates, you are probably dealing with a bad company.

Get a few quotes from different title loan companies to get a feel for what’s standard. You’ll quickly get an average so that you know a high interest rate when you see one. It will also help you identify a low interest rate more easily!

Excess or Hidden Fees

The interest rate is just one of the terms attached to a title loan. There can be fees for originating the loan, penalties for paying off the loan early, late fees, and more. Not all of these fees will be clearly disclosed when you sign up for the loan, so you need to read the documents that you sign very carefully.

Always read the contract thoroughly before you sign it! If you aren’t sure about what constitutes a typical fine, you should look around on forums or review sites to see what other borrowers have had to say. You can also get quotes and contracts from several title loan companies to compare.

Do Your Research

You may be applying for a title loan for the first time, so you may be confused about what’s standard and what’s not. One of the best ways to spot a bad West Las Vegas title loan company is to do your research. Look at online reviews and see what people have to say about the companies in the city. You will quickly learn which companies to avoid based on the poor experiences that people have had.

Don’t look at just the reviews that a title loan company puts on its website. They are always going to put the top reviews there. Instead, look down the list at all the available review sites, including Google, Yelp, Bing, and more. You should also check the Better Business Bureau to see if any customers have filed complaints against the company.

An auto title loan should help you manage your financial needs or meet goals. Maybe you have an emergency you need to deal with, or maybe you just want to treat yourself to the first vacation you’ve taken in 10 years. You can cash in on the equity in your car and get the money you need. You just need to be careful to work with the right company to ensure you don’t end up paying more than you should.

USA Money Today is a reputable East Las Vegas title loan company that has earned a reputation for offering affordable title loans with fair terms. We believe in treating our customers right, and that comes through in our policies and our service. We have dozens of positive online reviews, and we’re proud to get the continued referrals of our customers to new clients. Check us out online to see what our customers are saying, and then apply for a title loan and discover your affordable terms. You can get a decision in minutes and have the cash you need in as little as 24 minutes.

 

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WEST LAS VEGAS TITLE LOANS
USA Money Today
2550 S Rainbow Blvd Ste E1
Las Vegas, NV 89146
Phone: 702-489-5662

EAST LAS VEGAS TITLE LOANS
USA Money Today
3160 E Desert Inn Rd #21
Las Vegas, NV 89121
Phone: 702-734-0003

NORTH LAS VEGAS TITLE LOANS
USA Money Today
7145 W Ann Rd #110
Las Vegas, NV 89130
Phone: 702-910-2226

HENDERSON TITLE LOANS
USA Money Today
171 N Gibson Rd #170
Henderson, NV 89014
Phone: 702-998-4100

2018-11-30T18:45:51+00:00 September 25th, 2018|Las Vegas|