Understanding a ChoiceCash Title Loan
ChoiceCash Title Loans are a unique type of loan that’s been specifically designed to help as many people as possible. Because of this, a ChoiceCash Title Loan is quite manageable for borrowers and can easily fit into anyone’s budget.
The way this loan works is by using a vehicles title as collateral. By using a vehicles title as collateral, a person’s credit will not be the sole determining factor for eligibility. Because of the flexible requirements, just about anyone could be approved—even if they have bad credit1.
And for those of you who are worried about what the repayment terms might be, rest assured that those too are quite reasonable. Normally, the loan terms for a title loan only extend to a year. But with a ChoiceCash Title Loan, terms can last as long as 3 years3.
The Benefits of a ChoiceCash Title Loan
Although, a ChoiceCash Title Loan could be obtained rather quickly and has exceptional loan terms, they also have additional benefits as well1.
Lower Monthly Payments
The monthly payments on a traditional title loan can sometimes be rather high, which can make it hard for some people to pay off their loan. But with a ChoiceCash Title Loan, you won’t have to worry about exceedingly high monthly payments because monthly payments start low and get lower each month2.
If borrowers continuously pay their bills on time, they could be rewarded with smaller interest rates meaning that next month’s payment could be even smaller2. With a decreasing loan payment throughout the life of the loan, a person’s final payment could be half of what their first payment was2.
Faster Acquisition of Funds
When applying for a loan, the process can be rather long. However, if you opt to take out a ChoiceCash Title Loan, you could complete an inquiry in a matter of minutes1. Plus, you could be approved and get funded the same day you apply1!
No Hidden Fees
Many times when a person takes out a loan, they are unaware of the added fees that the loan carries. Sometimes loans can have transactions fees, pre-payments penalties, or even origination fees. But when it comes to a ChoiceCash Title Loan, there are no hidden fees.
Obtaining Your Funds at Your Local MoneyGram
After you have been approved for a ChoiceCash Title Loan, the next step will be to acquire your money. To obtain your funds, you can go to any MoneyGram location to do so. For those residing in Round Lake Beach, Illinois, there are 19 locations within a 10-mile radius.
To help locate your local MoneyGram, attached is a map, as well as a list of the nearest locations.