However, some companies have extra requirements fast cash loans athens ga giving out a title loan. GPS tracking: Some lenders require a GPS to be placed in a borrowers car so they can track where the car is. This box also allows the lender to shut the car off if you fail to pay your monthly payment. This device can locate the vehicle and help the lender reclaim that collateral.
Copy of keys: Many borrowers are asked to surrender a copy of their car keys to the lender when they take out a title loan. If you have a wireless key fob, they may hold one of those as collateral. Qualifications. One benefit of getting a payday or title loan is that you dont need to have good credit.
There are, however, some standard requirements you must meet in order to qualify: Steady income: You dont necessarily need a job for all lenders (although some do require it), but you need to provide evidence of a steady stream idbi bank personal loan details income in order to qualify for a loan.
Without it, lenders have no way to know if you can repay them and are significantly less likely to offer you a loan.
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