Whether you're facing car repairs you can't afford this month or you just need to catch up on bills, car title loans in Parma can give you the cash you need right now even if you have credit problems or your source of income is difficult to document. Ortiz Car Title Loans proudly serves the Parma, Ohio community with competitive interest rates and flexible terms as a leading title loans Parma provider.
Ortiz Car Title Loans is a leading title loans Parma provider serving consumers in Parma and surrounding areas, including Cleveland and Akron. We are conveniently located in Parma with competitively priced car title loans that can help you get out of a bind and get your finances back on track. Apply online or visit our storefront today for a title loan that is customized to your exact needs.
Title loans are secured, short-term loans that are easy to qualify for. These loans are based on how much your car is worth, not your employment history, income type, credit score, or the many other qualifications traditional lenders use to approve loans. Your vehicle's title will serve as collateral for your loan -- but you will continue driving your car while you pay off your balance.
To determine your maximum loan amount, we will calculate your vehicle's fair market value based on the mileage, year, make, and model. This will be used along with your income to determine a loan amount you can afford to repay to avoid trapping you in a cycle of debt.
Title loans are most often compared to pawn loans as there are similarities: both offer short-term loans based on your collateral, not your credit. The biggest difference is a title loan allows you to keep your property (your car) while you pay off the balance rather than handing over the collateral until the loan is paid. Once you pay off your loan, we will return your car's title.
You can qualify for a title loan even if you have been turned down by a traditional lender due to poor or no credit, self-employment, or issues with your income source or amount.
You can expect the title loan process to take about one business day. You will receive the full loan amount at our storefront or deposited into your checking account within 1 to 2 business days. Your loan agreement will clearly lay out the repayment schedule and your loan will be due in 30 days. If your financial situation improves sooner, you can pay off the loan early without worrying about prepayment penalties. If you need more time to pay off your balance, you have the option to renew your loan several times. In this case, you will only need to pay the interest charges to get another 30-day term.
As one of the leading title loans Parma providers, we find our customers use car title loans for a variety of reasons. Some customers turn to title loans because they have very limited access to traditional credit, but others prefer the convenience of getting their loan approved and funding in a single day instead of waiting weeks.
Easy approval process. We strive to make the loan application process as easy as possible. Unlike traditional lenders, we have no credit or employment standards to meet. The value of your car alone will determine whether you are approved.
Fast funding. When you need the money now, not in weeks, a car title loan can be an excellent solution. Our loans fund within one business day so you can avoid disconnected utilities, late fees, and other expenses.
Flexible repayment. Your loan will be customized to your needs. You are free to pay off the loan early without penalties or renew your loan one, two, or more times to give yourself additional time to pay. You can also make payments on a weekly, biweekly, or monthly schedule to best fit your income.
Save stress, cash, and your credit. While there is a cost to getting a car title loan, it can be significantly lower than other expenses you may face like credit card late fees, loan and credit card interest rate hikes, disconnection fees, and other penalties. By staying current on your other debt obligations, a title loan can also help you avoid damage to your credit.
Our goal is to make the car title loan process as simple and quick as possible with a short application process and same-day approval. With Ortiz Car Title Loans, you can get a title loan as long as you meet these basic eligibility requirements:
As a reliable title loans Parma provider, Ortiz Car Title Loans takes pride in offering Parma residents with access to credit at competitive rates. We offer cost-effective and flexible title loans throughout the Parma and Cleveland area with an easy application and fast funding. Apply for a title loan today to get the money you need in one day!