Unexpected debts always seem to come up at the worst possible time. It can be anything from your washing machine going bad to a school trip that your kid just suddenly remembered. No matter how close you try to stick to your budget, it can be impossible for many families to save enough money back for these unknown expenses. That leaves you with a great need for cash in a hurry. You can try to get a bank loan or borrow money from your friends, but that may take too long, you may not be approved, or you may feel hesitant about borrowing money from individuals.

The good news is that there are other options out there that can help you get the money that you need so that you may get your life back on track. When you find yourself with a financial burden, you should get in contact with a local title loan company such as Elrod Title Loans for immediate help. With a title loan company, you don’t have to worry about a credit check or long approval period. If you have a clear title for your car, you can get the loan that you need.

Elrod Title Loans is here to help you with all types of unexpected bills with their title loans available at competitive rates. You can receive a loan for your car’s title from $300 up to $15k, and the best part of all is that you get to keep your car and use it the same way you always have while you pay off your loan. We offer some of the best customer service in the area and our helpful representatives will be pleased to help you any way that we can.

When you need additional cash, get in touch with the experts in title loans Reno drivers trust the most. You can apply for a convenient title loan today online or at one of our locations. We offer fast approvals and you can get your money in as little as 30 minutes or less. Don’t delay, get in touch with us today and reduce your financial stress.

How to Apply for a Loan with Us

To apply for a title loan, you simply need to visit your area Elrod Title Loan location and apply in-person, or go online and fill out the simple application form. It only takes a few minutes of your time and you can get a quote within minutes.

To apply for a loan, you will need a title in your name, a few personal details such as your address and some contact information. You will also need information about your vehicle, such as the make, model, style, year, and current mileage. This information will help to determine how much money you can borrow.

Once the loan representative has explained everything you need to know about your payment terms and fees, you will sign the paperwork and hand over your car’s title. If you make your payments on time and pay off your loan, you will receive your title back with no issues. Companies that offer title loans Reno drivers prefer will often have flexible payment options to make it easier for you to pay your loan off without defaulting.

Rules and Regulations for a Title Loan in Nevada

When you take out a title loan with us here at Elrod Title Loans, you use your title as collateral for the loan. The condition, year and mileage of your car will help us to determine how much money you are able to borrow. And we will also take your income into consideration to find out how much you will be able to comfortably pay back each month.

If this is your first time taking out a tile loan, we want you to fully understand all the terms and conditions. You will not lose your car if you only miss a single payment, and if you get in touch with us and let us know what is going on, one of our representatives will be able to work out an effective payment plan for you so that you can keep your car and pay off your loan successfully.

Many states no longer allow car title loans because so many lenders attach high-interest rates to the loan that make it impossible for the borrower to pay the loan off. In the state of Nevada, the Nevada Revised Statutes and the Nevada Code govern all car title lending processes to provide protection for both the lender and the borrower.

Under the law in Nevada, the lender’s sole remedy when the borrower defaults on their loan is to repossess the car. The lender cannot pursue civil legal liability for repayment unless the borrower conducted fraud or intentionally damaged the vehicle to avoid repossession.

If there is no fraud, concealment or waste that was intentional, the lender’s remedy is to pursue the repossession. In basic terms, if you default on your loan, your car will be repossessed. A title loan company also has the right to sue the borrower if they default on their loan and try to conceal their car so that it cannot be repossessed.

Generally, title loan companies in Nevada cannot charge you more than 40 percent of the principal loan amount as an APR. Under Nevada law, title loan companies are not allowed to make more than one loan to one customer at a time. The Nevada Revised Statutes also place further prohibitions on lenders who do business with members of the military. Also, if a lender repossesses a car, the lender must allow the borrower to reclaim their personal property that was left in the vehicle.

We want to be the one company for title loans Reno drivers turn to in their time of need.
Let us help you today by filling out our simple online applicaiton.