Do you own a car? Are in experiencing some financial difficulty? If the answers are yes to both questions then you might want to consider getting a car title loan. This a loan that allows you to use your car title as collateral for a loan without having to lose your car. Car title loans is a financial company that lends money to individuals and uses their car titles as the collateral. All you need to do is to give them your car title and in exchange you receive a certain amount of money. This is a very convenient way for someone who is in urgent need of money to get what they require. Car title loans Sioux City is becoming the popular financial services provider in the city.
Sioux City is found in the Western part of Iowa and is in the Plymouth and Woodbury County. It is the fourth largest city in the state with a population of about 83,000. It has made it to the top of several surveys with Money magazine picking it as one of the best places to live in 2010.11.2% of the population live under the poverty line and its biggest employer is Tyson fresh meats which employ 11.3% of the city. Even though it is a somewhat prosperous city life is still tough and many people have found themselves experiencing financial difficulty which made them turn to car title loans Sioux City.
Car title loans Sioux City has very simple rules if you want to qualify for a car title loan. The requirements are;
- Be 18 years old or older
- Have a driver’s license
- Own a vehicle and it should be in your name
- Can use either a van, car, motorcycle, boat or truck as long as it is free from any obligations
- Be able to show proof of repayment such as pay slips and utility bills
- Be able to produce at least three references
You can get up to 50% of the car value or $50,000 as a loan. It is also important that you provide proof that you are a resident of Sioux City in order to qualify for a loan. It does not matter whether you have bad credit or not if you can meet the basic requirements you can still get a loan. Car title loans have a simple online application process that takes two minutes to fill out.
Car title loans Sioux City has the fastest loan approval rate in the city. This is because your loan can be approved in as little as 30 minutes while if it takes longer it will be approved in 24-48 hours. Car title loans Sioux City also has flexible repayment methods and period and also offers low interest rates.