Do you need a car title loan and the thought of not owning a personal car is a barrier to you? Are you working for a company that gives you an official car?

Sometimes, we get deep into financial difficulties, and we seriously need saving and. Your friends have their responsibilities to tend to, and likewise are the members of your family. You are desperate to approach your bank, but they turned you away because your credit score is an eyesore. Don’t give up! I have good news for you!

A car title loan also called a pink slip loan is a loan where you exchange your car title for a short-term loan usually within 30 days. Since you don’t have a personal car, the company car will be used instead.

However, it is good to note that you risk forfeiting that company car if you fail to repay your loan as your loan agreement terms stated. You must carefully way your option and decide if you will take the risk. We care about your wellness, and we won’t watch you fall into more problems. If you are sure of repaying the loan within the stipulated time, then you can go ahead and apply for the loan with the company car.

The procedures followed in using a company car title as collateral is the same as the one employed in personal cars? You register online after which you check for the car worth using online tools provided by the lender. Alternatively, the estimation can be done when you present the car to the lender for physical evaluation.

These are what the documents you need to supply while using the company’s car as a title for a loan application;

  • The car title,

  • Identification documents, government-issued proof of identity

  • Utility bills for proof of residence proof

  • Car insurance documents

  • Documents showing that the car is fully paid for

  • The ID card that shows that you truly work for the said company

  • Birth Certificate signifies you are 18+ old

Before you proceed with the loan application, you must consider the following;

  1. Only patronize a reliable lending company, using referrals from the company customers and trusted online reviews can be of help

  2. Look for the best deal; the interest rate and the charges offered by lenders differ. You must take the time to find out which of the lenders is best for you.

  3. Understand the terms of the agreement before you append your signature. Make sure that all the terms are openly stated, and if you struggle to know what certain terms mean, you can let your lawyer interpret it for you or ask the service provider (the lender) for an explanation.

  4. Work out a repayment plan. Whether it is from your expected salary or another source of income, you must come up