Title Loans - Phoenix Auto Equity Loans

Are you in need of emergency cash and can't get a loan because of a low credit score? You can get around this obstacle by applying for an auto equity loan.

Auto Title Loans - Phoenix Legal Disclosure

If you choose a subprime financing product, like a cash title loan, you should know that you will have to pay higher interest rates and more financing fees than if you choose conventional financing products. The increased rates are necessary because of the inherent risk of lending to borrowers with bad credit.

However, you may also come across some unexpected charges. To prevent this, read the fine print of the loan agreement carefully at the time of taking the auto equity loan, to know what kind of charges you can expect. When taking out a cash title loans, Phoenix borrowers need to know what they will be responsible for from the start, so they can plan their repayments accordingly.

For your own protection, you should always read the legal disclosures section of a lending agreement. The legal disclosures section outlines all fees and charges that may be levied against you, as well as the interest rate, expressed as an annual percentage rate or APR.

The fees outlined in your auto title loan agreement may vary depending on the lender you choose, but there are some common fees for auto equity loans. These include:

• Insurance: Some lenders will require you to pay a one-time fee for collision insurance.
• Repossession fees: Should you default on your loan and force the lenders to repossess your car, they may charge you a repossession fee. In order to get the car back, you must pay this fee.
• Collection fees: If you make a late payment, some lenders will charge you for the cost they incur from sending you a notice of the late payment or dispatching a representative to collect in person.
• Late fee: This fee is calculated as a percentage of the monthly payment.

Wilshire Consumer Credit specializes in providing fast cash for auto title loans. Phoenix borrowers recommend beginning the process of getting an auto equity loan. Contact this lender and benefit from their low interest rates and flexible payment terms.

Apply online now and get approved within minutes!