About Max Cash Title Loans
Max Cash Title Loans is an LLC that provides short to medium term financing based on your car title. The company is a registered financial broker in the state of California with license #60DBO44857. They are connected to a nationwide lending service that provides quick loans to its customers. The head office of the company is situated in Arizona. Their mission is to provide financial assistance to their clients with high integrity, professionalism, and respect. They offer transparent agreements to their customers, delivering them full insight into their payments and the cost-benefit of their loan terms.
Max Cash Title Loans is a unique financing service that provides you instant cash loans based on your vehicle’s market worth and your future ability to pay back the loan. The car title is kept as security or collateral for the amount paid to you. Your car worth is calculated by experienced professionals according to current market value, and a loan is advanced based on that amount. Your term is decided by your ability to pay back the loan.
Your ability to pay back the loan means how much you can pay each month. For example, you apply for a $3000 credit at an annual percentage rate (APR) of 30%. If you go for a 2-year term, your monthly payments will be around $168, and the total interest costs you incur will be $1025.6. On the other hand, if you opt for a 5-year term on the same amount, you will have to pay only $97 a month, but you incur interest costs going up to $2824. The company cares only for the amount that you can pay easily every month.
The annual percentage rate or APR is the amount of interest charged annually on the borrowed amount from the lender. Please note that interest on these kinds of loans is very steep when compared to other financing options. Title loans are designed to be short to medium term cash bailout packages that grant you access to fast cash in emergencies. The APR on loan can vary from anywhere to 29% to 300%. Interest rates vary based on the state you live in, so carefully check out the details of your loan agreement. Some states in America do not allow car title loans, and hence the company cannot operate in these states.
Applying for the Max Cash Title Loan is simple, straightforward, and quick. It will only take you 20-30 minutes to fill out their online pre-approval form, which ensures that you qualify for the program. They have detailed guides and loan calculators online, giving you accurate estimates of future payments.
Max Cash saves you from hours of haggling with online lenders and detailed scrutiny from the banks. They provide free counseling and guidance for all customers. Their polite and experienced staff will help you fill out the forms and go through the entire application process. Moreover, once you have qualified for the loan, they will assist you in setting up favorable repayment terms that are easier, depending on your situation.
Qualifying for the program, however, is easy. You can be bankrupt, have bad credit, or be unemployed, the only thing you must prove is that you get monthly payments from some source. This could be any source, and the company won’t look too deeply into it. Max Cash Title Loans is also accepting unemployment insurance as proof of income, so almost everyone who owns a car can get a title loan.
An important question is what happens when you can’t pay back the loan. If you are late on a payment, you might have to pay some extra charges. But this could be avoided by calling the company and asking for an extension. Max Cash Title Loans are reputed to be very customer-oriented and polite. If you are honest and straightforward with them, they will allow you to skip some payments and avoid late fees. The last thing they want to do is repossess your car. Repossession is only the very last option. You will be given many opportunities to refinance your loan or readjust your terms according to your situation. Your vehicle will only be repossessed if you avoid contact and try to vanish.
You can reach Max Cash Title Loans by visiting their corporate office in Tempe, Arizona, or by calling them at 855-561-5626. They can be reached through their official email [email protected], or you can send a text to 480-498-3337 and 480-498-3940.