Understanding What a ChoiceCash Title Loan Is
ChoiceCash Title Loans are a special type of loan that has been created to help people who need financial assistance. ChoiceCash Loans are also rather flexible, as nearly anyone could be approved1.
To be approved for a ChoiceCash Loan, the inquirer will need to have a safe working vehicle and a consistent source of income. By using a vehicle’s title as collateral, a person’s credit is not heavily looked at because the loan is secure. Using collateral means that even people with bad or no credit could be eligible for a ChoiceCash Title Loan1.
Applying for a ChoiceCash Loan is very simple too, as the 5-minute process could be completed online or in person. And while most customers are typically funded within 24 hours, it’s quite possible to receive title loan funds the same day1!
Advantages of a ChoiceCash Title Loan in Elsmere
While ChoiceCash Title Loans could be acquired rather quickly and without much hassle, this loan also offers other benefits as well.
Lower Monthly Payments
It is not uncommon for title loans to come with large monthly payments. A ChoiceCash Loan is different though, as payments start low and could continually get lower throughout the life of the loan2.
If a borrower continuously pays their loan on time each month, they could easily earn rewards in the form of decreasing monthly payments and rates2! Therefore, by the time someone makes their final loan payment, they could be paying half of their first initial loan payment.
More Time to Repay
Title loans are typically considered short loan terms, which means that they need to be paid back within 30 days or so. But since ChoiceCash Title Loans are designed to help people, their term lengths could extend up to three years – making repayment that much easier for the borrower3!
Zero Hidden Fees
When taking out a loan, it’s often found that dishonest loan companies will attach hidden fees in the small print, such as balloon payments or prepayment penalties. But ChoiceCash Title Loans aims to be different than other loans, that’s why ChoiceCash Loans have no hidden fees.
Borrowing Additional Funds
When it comes to borrowing more funds, it’s generally the case that a person needs to pay off their first loan before they can borrow more funds. But with a ChoiceCash Title Loan, an eligible borrower could apply to borrow more funds. And the new loan could come with the new, low rate a borrower has earned1, 2.
Acquiring Funds Through Your Local MoneyGram Location in Elsmere, Kentucky
Once a person has been approved for a ChoiceCash Title Loan, they can acquire their funds from their nearest MoneyGram location.