As is the case with any loan, it is important to learn as much as you can about a registration loan — before you sign on the dotted line. When you are knowledgeable about your loan, you’re more likely to be happy, and making you happy is our ultimate goal. If you have any inquiries about the process, we would love to educate you. We understand that borrowers sometimes have a lot of questions, and we are always thrilled to chat with them about each step going forward. Below, we’ve attempted to address a lot of the most common questions that borrowers have. If you have a burning question that isn’t on the list, then call us immediately so we can address your specific issue.
How Are Car Registration Loans Different?
When you receive a loan from your bank, it will be backed by just credit. When you receive a registration loan, however, it is backed by something tangible — your collateral. When you own a vehicle that is registered in your name and has no liens against it, then you can usually receive a loan in the amount that your vehicle is worth.