personal & installment loans Layton, Utah
Liquid Loans

Title Loans in Layton UT

As you’ve been considering different ways to help with your financial situation, you’ve likely heard of a title loan. But what exactly is this loan, how does it work, and is it in your best interest to get one?

Someone who is interested in a title loan will use their vehicle as a collateral for a loan. The applicant must bring the title of the car to the loan agency and from there, they are able to use the vehicle’s value in exchange for a loan. As soon as the loan applicant brings the vehicle title and arrives at terms to pay off the loan, usually the cash is provided at that time. Then later on, when the loan is repaid, the title is returned to the client. Depending on the value of the car, it may open up the opportunity to borrow a lot more than a personal loan or an installment loan.

 

Is a Title Loan a Good Option?

At Liquid Loans, we review different loan options with you to determine which one would make the most sense to help you get the cash you need. While we don’t offer title loans, we understand they can work for certain customers. However, they can be very risky since your vehicle is the collateral for the loan. If you ever run into an issue paying back the loan, the lender now has the right to collect your mode of transportation, your car.

We recommend taking a look at one of our personal loans or installment loans to see if we can help you get the dollar amount you need to solve the situation you may be facing. We don’t want you to be overextended on a loan and we certainly wouldn’t want you to put you vehicle at risk. The interest rate and terms of our installment loans are reasonable which makes it easier to pay them off and avoid getting further into debt.

At Liquid Loans, we know that challenges come up in our lives, especially the financial ones. Because of this, we are committed to making the loan application process as simple as we can. Because of this, we’re able to provide loans to those with bad credit because there is no credit check required as a part of our process. If you visit one of our storefronts, we can get you approved for a loan in as little as a few minutes. This way you can get approved, get the cash you need, and continue on with your day.

With Liquid Loans, there are no unexpected fees, hidden costs, or prepayment penalties. Our goal is to be your financial partner and help stabilize your financial footing. We can help with your short-term challenges and get you on the path to becoming debt free. Our installment loans are structured so that you’re able to pay off part of the principal and interest with each payment, this way you avoid the long pay off periods and expensive interest rates.

Feel free to call our Layton office at 385-423-2407 or visit us online to start the application process today. Click here to begin your application today.

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