If you currently own a truck or big rig there are ways that you can use your asset to get money that most people do not know about. Trucks and big rigs make the perfect collateral that allows you to gain secured loans. This is referred to as a truck title loan and it very similar to other title loans. The lender of the loan will use your truck as security in the event you’re unable to pay off your loan. Using your truck is a smart way to get access to the money that you need.
- Your big rig or delivery truck must be in good working condition.
- There can be no current liens on the vehicle.
- The vehicle must be fully paid for.
The benefits a truck title loan has to offer:
- minimal interest rates.
- easy application process.
- high approval rates.
- you can still obtain a loan with a bad credit score.
Speak with us today about getting a Truck Title Loan and see for yourself how easily available money can be using your truck.