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Title loans in Portsmouth

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All our loans are processed online. This location provides only GPS services, it does not issue loans

Title loans in Portsmouth

In just a day, I was able to get my bad credit loan approved, which made it possible for me to pay off some debt. The customer service you provided was also excellent. Thank you so much!
Thelma Garcia
04:45 12 Nov 21
A smooth process for applications and approvals! My consultant kept in touch with me throughout the emergency loans in North Hollywood. My application was approved quickly with a very competitive interest rate.
Kevin Thompson Jr.
06:16 26 Oct 21
No matter how many issues I've encountered, they've always helped me, and have ensured that the loan process goes as smoothly as possible. This company gives personal loans for people with bad credit. You guys are great!
Guerrero Strong
17:47 29 Jun 21
They treat me like family I love the customer service here. I would recommend to anyone needing a quick payday loans.đź‘Ťđź‘Ť
valdez preston
16:35 03 Jun 21
Montana great to work with on our recent car title loans. Everyone is extremely knowledgeable, quick to respond, and very reliable. Highly recommend this company.
crystal estrada
22:59 26 May 21
As a first-time borrower, I anticipated that obtaining this loan would be extremely stressful. Obtaining a loan is never a pleasant experience, but it is what it is. Montana Capital Car Title Loans did an excellent job of calming me down and assisting me in making the best decision for my future. Thank you.đź‘Ť
Aleena Angela
11:55 29 Apr 21
It's seriously impossible to find service as good as you get from Montana Capital Car Title Loans! They work with and for their customers to get you what you need. Truly amazing I fell in love with them!
Brynn Hammond
12:20 15 Mar 21
Montana Capital provided excellent communication and they guided us through our loan application every step of the way. They made it feel really easy.
Steven L. Moss
06:10 12 Feb 21
I was too upset to even think right when I applied for fast money from Montana Capital Car Title Loans. I guess I gave some goofy answers on the application, because Ramona called me right up to walk me through the process. She was super sweet and helpful.
Danny Echols
06:55 27 Dec 19
I gave 1 🌟 because Montana capital stressed me out I had to make my July payment in August due to me having to bury my son Montana capital did not understand I asked for and extension on my August payment and they still said I had to pay .I have became homeless do to me laying my son to rest.montana capital did not care .thanks Montana capital for really stressing me out doing the time of losing my son
Maria Moore
16:58 16 Aug 19
Best thing to do is sell your car and pay a new car and not them. I borrowed 6k. 3 years later I already paid them 11k and my balance is still 5300. How on the hell. Crazy. Theives they are super nice of course. They try to convince whatever it takes. Also if u must get it. Keep saying no thanks and they lower and lower the payment
Cesar Moreno
20:02 19 Apr 19
Best thing to do is sell it car and pay a new car and not them. I borrowed 6k. 3 years later I already paid them 11k and my balance is still 5300. How on the hell.
Cesar Moreno
19:43 19 Apr 19
This place is not worth it. You’ll loose a lot of money you gotta be completely desperate to take a car title loan out from this place. Example my aunt took out a 2600 loan paid over 5,000 she called to see how much she owed they said over 3,000 do the math folks is this really worth it hell no. I repeat go somewhere else that doesn't charge 2 arms and a leg in interest. How can you just be paying interest and no capital sh*t makes no since? I'm warning you people don't go here. And the people saying how great this place is, is lying 🤥 like a mf.
Joshua Freeman
19:48 15 Jan 19
This place is not worth it. You’ll loose a lot of money you gotta be completely desperate to take a car title loan out from this place. Example my aunt took out a 2600 loan paid over 5,000 she called to see how much she owed they said over 3,000 do the math folks is this really worth it hell no. I repeat go somewhere else that doesn't charge 2 arms and a leg in interest. How can you just be paying interest and no capital sh*t makes no since? I'm warning you people don't go here. And the people saying how great this place is, is lying ???? like a mf.
Joshua Freeman
19:47 15 Jan 19
Kyle is a great constomer service rep. He is alway there to help me on my payment is is friendly and prompt. What I really like about these guys is when I call, there is no wait time.
Max Morgan
20:02 26 Jul 18
Jonathan is the customer service rep that I always talk to. He always treats me nice and is fast and effectiant.
Cobble
18:40 05 Jun 18
I needed fast cash due to my wife having a health issue. They got me the amount that I needed and the process was fast. No hold ups. When I call to make a payment I always ask for Jonathan and he is always friendly and assists me very professionally.
Joe Cheuvront
19:50 25 Apr 18
Excellent customer service, fast response.
cynthia rojas
21:01 14 Apr 18
Kiara made it really simple for me, having everything done in an record time, excellent costa service!
JuNiM RoSa
23:09 12 Apr 18
Very helpful. Nice and efficient.
Natasha John Powers
23:35 11 Apr 18
One person handles you professionally. His name is Kiel. Johnathan and Daniel are very rude and very unhelpful. Do not allow them to assist you. They are very unprofessional!
muriel jones
18:24 02 Apr 18
Great place when you are ready to do a title loan. Montana tells you to pay it off as quickly as possible so you do not incur too many payments, but if you have to make a loan, this is the place. Speak to Kyle F, he is the very best! Very professional, informative and very courteous and kind! Thank You Montana!
muriel jones
21:48 27 Mar 18
These people are criminals. The F.B.I. has a case on this company. If you have any information regarding your experience with Montana Capital Car Loans please respond with your information. Thank you.
Julius Schreck
22:07 26 Mar 18
Great customer service with Kiara, made my transaction very smooth and quick in about 1 hour.
Erica Hurtado
20:03 22 Feb 18
I deeply appreciate the help and kindness.I will refer people to get a Title Loan from Montana Capital.
Tammy Work
20:58 13 Oct 17
Simple and easy process very friendly and prompt, so far so good — better than other places no complaints
Elyce Hastings
18:00 21 Sep 17
Quick and friendly. Rates were better than other title loan companies I've tried. They were helpful and informative and processed my information in no time.
Rebecca Richardson
20:56 15 Apr 17
Great expeience. Very helpful staff! Easy process and it all can happen in the same day!
Lale Weier
23:20 27 Jan 17
These people were fast with the decision process and very polite. Everything above board would recommend to anyone.
Al Delarosa
18:48 19 Dec 16
Joel and staff provided friendly, efficient service... Everything was explained clearly to me and my questions were answered in a professional manner..I would highly recommend using them if you need to .... Note: Loan isn't cash, it is a Bank of America check. Not a big deal to me, but maybe to you.
Life With Mrs Clark
22:41 10 Sep 15
Kira helped me in April 2014. I needed quick help. The interest rate was high...but as a business man, I understand their exposure to risk. I did the loan. It was quick once verifications were complete (same day/several hours) and I was on my way in my car with check in hand. Best to pay off this loan quickly knowing a chunk of $ is coming in to you to clear the loan...otherwise the burden of monthly payments at high interest could be overwhelming if stretched out. Montana reps tell you this...they are upfront, friendly and professional. If you are at a place of 'last resort'...then do business with Montana! I may use them again, soon, as a quick 'bridge loan' and pay them off quickly, as before. This is the BEST way to do it. Ron
Ron Vale
23:35 12 Jul 14
It's tough when you're stuck with limited options for a quick loan. If your only option is a car title loan, this is an honest place with nice people who will work with you. The place is in an industrial area, but the offices are clean. The people here are well organized and friendly. They can set up automatic monthly payments. They are quick to answer their phones too.
Erica Fleming
19:39 29 Jan 14
Google Rating
4.6

Address

Steves Auto Electric & Repair

3700 Turnpike Rd

Portsmouth

23701 Virginia

Service type

GPS Installation Centers

Start your loan process at this GPS Center

How it works

Advantages

Our main
advantages

Montana Capital is one of the most flexible and trustworthy finance houses in the great sun-soaked city of Los Angeles, California. While there are many things that set Montana Capital apart from its competitors, here’s what customers should know about Montana Capital's differences.

Great customer service

No other financier will give you better customer service, and many of them won’t give you the time of day.

Loans for low credit score

Montana Capital has a reputation for working with customers with all sorts of credit score.

Simple application process

With options to apply online or to apply via phone, Montana Capital won’t let you wait forever until you get a response.

Have a bad credit score?
We will help you!

It’s not that hard as you think! Getting started
is just one click or phone call away

A few simple steps for
a free quote

Select the amount of cash you want

Benefits

Why you should choose us

Our goal is to provide you the maximum cash value with a payment plan that works for you, along with the an outstanding customer service. Our loans have helped give them the boost they need to get ahead in life.

No prepayment penalties

and no hidden fees. We don’t believe in these! Payoff your loan whenever is best for you. Your first payment will only be due 30 days from the day of your contract and in monthly installments afterward.

Bad credit is okay

Our loan approvals are based more on your ability to pay back the loan. We believe in helping everyone get ahead, regardless of credit! Check us out Today!

Best customer service

we have attentive title loan agents waiting by to help you today. Give us a call at 800-700-8900

How Car Title Loans in Portsmouth, Virginia Work

Getting out of a financial rut may seem like a far-fetched idea when your past due bills are scattered all over the kitchen counter.

We get it.

Sometimes we just have a tough month and need someone to lend us some emergency cash to get us through the storm. 

Fortunately, car title loans (also known as auto title loans or pink slip loans) may help with unexpected payments for household purposes. 

In this comprehensive guide, we’ll go through:

  • What an auto title loan is
  • How it works
  • Advantages and disadvantages
  • Which documents you’ll need to apply online

If you’re looking for title loans serviced in Portsmouth, Virginia, then keep on reading!

Title Loan: What Does It Mean?

A title loan is a form of short-term financing. It involves providing acceptable property in exchange for quick cash.

It’s popular primarily because of the following:

  1. Unlike traditional bank loans, the borrower’s credit history is not considered when determining loan eligibility. Instead, lenders look into their capacity to repay the loan.
  2. A title loan can be approved in as fast as one business day. You can even choose where the money could be transferred (e.g., direct deposit, cheque, prepaid, etc.). This is all thanks to their lax application criteria.

Borrowers typically prefer to use their car title as collateral for a loan, known as an auto title loan.

Now, since we’re getting into the topic already, let’s talk about how title loans serviced in Portsmouth, Virginia work.

Portsmouth Title Loans: How It Works

Basically, after inspecting your vehicle, the title lender will give you an offer, and if you accept it, you may collect the money RIGHT AWAY.

As easy as that!

Indeed, this type of financing is beneficial if you’re one of the unemployed residents in Portsmouth.

But keep in mind that great things aren’t free.

In exchange, you must repay the money you owe within the agreed timeframe and hand your car title to your creditor since this will serve as your collateral.

Portsmouth Title Loans: What to Consider?

Before you go all-in, consider the following aspects to see whether they’re a good fit for you and if you’ve located the right lender.

1. Reputation of the Company

A title loan is a major financial commitment.

Even though Portsmouth has a lot of available lenders, we recommend conducting some research on your potential lender first to make sure you’re working with the best!

2. Borrowing Percentage

Each lender has its own set of requirements for a minimum loan amount.

So, to obtain a BETTER DEAL, evaluate how much cash you need and your lender’s borrowing percentage.

3. Interest Rate 

Outrageously high-interest rates may be charged on some Portsmouth title loans. These are more difficult to repay and may result in a disaster.

Choose those with competitive interest rates and suitable loan terms to avoid this tricky situation. If necessary, take a trip out and visit some of Virginia’s neighboring states.

4. Ease of Application

Wouldn’t it be great if you could apply for a loan online and have it approved on the SAME BUSINESS DAY?

Fortunately, this is no longer a pipe dream. Long queues and a sluggish approval process are no longer an issue.

Today, Portsmouth businesses are more open to online applications. As a result, even if you’re a couch potato, you may get a short-term loan.

TIP: Some lenders allow pre-approval of title loans your request. We suggest taking advantage of this.

Title Loan in Portsmouth, Virginia: Basic Documents

An application form wouldn’t be enough when applying for title loans serviced in Portsmouth, Va.

Make sure you have these loan documents in your handy dandy bag.

1. Vehicle Title

This is a must-have in loan processing.

The car title must show that you have:

  • Sole ownership of the vehicle
  • Your automobile has been paid in full
  • The vehicle is free of any other creditors’ claims.

2. The Car 

Your creditor must consider the value of your car to make an offer

. The following are some of the things they’ll be looking for:

  • Year
  • Maker
  • Interior
  • Model
  • Mileage
  • Extras

Because most loan processing in Portsmouth, Virginia, is done online, you may now just upload a photo of your car from four different angles for the lender to determine its worth.

3. Valid ID

Because only legal adults are eligible for a pink slip loan, you need to present a government-issued ID to crosscheck any personal information you provided.

4. Proof of Residence

You must also provide proof of Portsmouth residence. Utility bills or government correspondence will suffice.

5. Car Insurance

Although it may come as a surprise, title loans serviced in Portsmouth need verification that you have car insurance. It’s because having insurance for your automobile is mandated by law.

Title Loan in Portsmouth, Virginia: Other Possible Required Documents

In addition, your creditor may ask you for additional requirements as part of your application. Keep the following in mind:

1. Proof of Earning

How about the unemployed residents in Portsmouth? Will this mean that they’re automatically disqualified from a title loan application?

Of course, not!

If you can demonstrate that you can repay the debt, you may still qualify for a title loan.

You may show one of the following if you don’t have any other proof of income:

  • Bank statement
  • Disability payment
  • Social security payment
  • Other related benefits

2. Credit Check

There is a popular misconception that title loan providers do not conduct credit checks.

To be clear, creditors have the option of doing a credit check on their customers. After all, it’s still a business.

Now, if you have bad credit, you don’t have to panic. You will not be disqualified from the application process.

HOWEVER, those with good credit score will be given a greater loan amount than their counterparts.

Car Title Loans in Portsmouth, Virginia: How to Register

In Portsmouth, Va., the application is fast and straightforward. The majority of lenders will accept requests submitted through the internet.

And the best thing is that you’ll get your application’s results on the same business day!

Assuming you now have all the documents needed, let’s check out the loan process in Portsmouth, Virginia.

Step 1: Do Some Research

The first step is to locate the closest service provider in your neighborhood.

You can check the local business directory (if you’re old school that way) or simply search for existing Portsmouth providers on Google to find their service hours and featured locations.

However, if you cannot connect to the internet due to unforeseen circumstances, you need not be concerned!

You can still reach out to your possible lender by calling them or visiting their physical store.

Step 2: Apply Online

Once you choose your preferred provider, you can now apply online.

When trying out for title loans, the following questions are usually asked:

  • Basic information
  • Contact information
  • Loan amount
  • Vehicle features

Once everything has been filled out and submitted, your application is now pending review or, if you’re lucky, can qualify for pre-approval.

Step 2: Get Pre-approved

And so the wait begins.

But don’t worry. Title loans serviced in Portsmouth usually inform their borrowers of the results within the day.

Just give them ample time to go over your paperwork and inspect your car.

For those who are intrigued, the pre-approval or denial of your request is mostly determined by:

  • Whether you have a classic vehicle
  • Demonstrate ability to repay the debt

If lenders take their time reviewing automobiles, they may issue conditional approval. However, this does not guarantee that you will be fully approved.

Your request MAY BE REJECTED due to unforeseeable circumstances like:

  • Incomplete documents
  • Poor credit score

Step 3: Review Loan Terms and Conditions

And so, we reach the final approval stage.

While completing this step suggests that you are eligible for a car title loan, DO NOT SIGN THE PROPOSAL RIGHT AWAY.

Make sure you read the contract’s terms and conditions; and pay special attention to the following: 

  • competitive rates 
  • reasonable interest rate
  • convenient withdrawal options
  • monthly payments
  • penalties

Step 4: Withdraw Money

It’s…funding time!

WAY TO GO! Your title loan application has been approved!

The lender will now go over your withdrawal options. 

NOTE: Loan proceeds are typically received via wire transfer or direct deposit.

However, make sure to keep your end of the agreement and start making payments on time. 

Title Loans Portsmouth, Virginia: Why Get One?

Taking out a loan when you’re in a tight spot is a tempting option.

So, what differentiates an auto title loan from other types of installment loans?

  1. Instant approval – A request can be completed in a matter of minutes, and unlike banks, the results can be received the same day! It’s no surprise that this type of short-term financing is widely known.
  2. Higher amount of loan – Depending on your provider’s area, you may be able to borrow up to 80% of the equity and worth of your vehicle. This suggests that you have a better chance of earning a greater sum of money if you take out a car title loan.
  3. Payment flexibility – A title loan can be paid off within one to three years. But if you want a more flexible payment schedule, you can negotiate with your creditor and work out a repayment plan that works best for you.
  4. Lenient credit check – Most title loan providers will lend to anyone who meets their minimum conditions. On the other hand, borrowers seeking higher sums of cash may be asked to give their credit score to be considered for higher loans.

Car Title Loan in Portsmouth, Virginia: When Is It Not Your Best Option?

A loan is costly, and it may not be the best option for everyone—especially if you fall into one of the following situations.

  1. If you’re in the middle of paying your auto loan – You may be expected to own your vehicle entirely or have at least 80% equity in it before applying for a car title loan. Taking out a title loan while paying off your auto loan may seem enticing, but it will put a strain on your finances. Paying off two debts simultaneously is not a wise financial decision.
  2. If you have a high credit score – You can get a lower interest rate and more secure funding in banks if you have a good credit score. However, unlike title loans, where cash may be transmitted within 24 hours, applying at a bank may result in some delays.
  3. If you need money for everyday expenses – Due to the high-interest rate, using money from a pink slip loan to meet living expenses is not wise. If you don’t have enough money to meet certain personal demands, we recommend waiting until your next pay day.

Portsmouth, Virginia Car Title Loans: Tips on Getting a Good Deal?

  1. Explore offers from creditors – Interest rates and repayment periods vary depending on the lender. To get the most out of your transaction, we recommend taking advantage of the fierce competition among creditors. 
  2. Compare annual percentage rate (APR) and loan fees – You must be able to select a lender with a lower annual percentage rate (APR) and lower borrowing costs. If you search for low-cost title loans in Portsmouth, you may save a lot of money.
  3. Examine the loan default policy – It’s critical for borrowers who cannot make timely title loan payments to be aware of the options available to them. Lenders may agree to prolong a loan in some instances, while the borrower’s vehicle may be taken in others. In the case of default, check your lender’s policy to determine whether it is flexible enough.

Car Title Loans Portsmouth, Virginia: How to improve the value of my vehicle?

YIf you enhance your car, you have a better chance of getting a better quote. Here are some suggestions to make the most of your application.

  1. Examine your car’s electrical components to verify if they’re in excellent working condition – Make sure that the radio and the rest of the dashboard are in good working order. You have the choice of repairing an issue yourself or taking it to a professional if one arises.
  2. Wash your car thoroughly before the lending company sends a representative to evaluate it – This is especially important if you haven’t driven in a while. Getting rid of dust from your car enhances its beauty as well as its worth.
  3. Make sure your rims are in good condition and that your tires are the correct size – Inspect the features of your car to verify that they are in excellent functioning condition.
  4. Estimate the worth of your vehicle – The value of a car may differ from one loan company to the next. If you’re satisfied that your car is in good functioning order, you may look up its worth from your creditor’s scorecards.

Frequently Asked Questions

Can I Still Apply for a Car Title Loan Even if I Don’t Have a Bank Account?

This is not a requirement that all lenders impose. However, because most borrowers get their loan proceeds through their bank account, we highly suggest you keep one.

How Long Do I Have to Repay My Loan?

A loan is normally repayable in one to three years. However, if you’re unhappy with your repayment plan, you should ASK AND NEGOTIATE with your lender.

Are Pink Slip Loans Better Than Payday Loans?

A payday loan does not require any collateral. It merely states that the loan must be repaid when the borrower’s next paycheck arrives.

Hard cash, bank accounts, credit union accounts, and other means of payment are all accepted.

Instead, we recommend getting a car title loan in this situation. It allows you to borrow vast sums of money over a more extended period with flexible cash withdrawal choices.

Conclusion

And there you have it!

Hopefully, you’ve gathered all of the information you’ll need to apply for a car title loan.

But, remember: title loans are not a permanent solution to fixing financial problems or the best way to achieve financial stability.

Before making any judgments, be sure you’ve done your research. If you’re unsure about going for it, you may try other options first.

Are you looking for auto title loans in Portsmouth, Virginia? Feel free to share your thoughts below!

Have a bad credit score?
We will help you!

It’s not that hard as you think! Getting started
is just one click or phone call away

A few simple steps for
a free quote

Select the amount of cash you want

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