Q. How does a Maine title loan work?
A. a Maine title loan is a short-term loan that a lender make to an individual based on their vehicle’s value. The lender holds the title until the loan is repaid.
Q. Would a low credit score prevent a person from getting a title loan in Maine?
A. Because a title loan in Maine is based upon the value of a person’s car, not their credit score, there would be no problem.
Q. Why would people use the online application for a Maine title loan work?
A. Because by using it, a person could pre-qualify online and be in and out of a location with cash in as little as 15 minutes.
Q. How long would it usually take to get cash with a Maine title loan?
A. A person could get their cash in just 15 minutes depending on how soon they visit a location and whether they used the online application to be pre-approved.
Q. How much cash would a person be able to get with a title loan in Maine?
A. Maine title loans usually range from $250 to $15,000, but amounts would differ depending on location. It would also depend on the year, make, and model of a person’s vehicle.
Q. What would a person be able to use their title loan cash for?
A. It would be up to the individual, because the cash would be theirs to do with as they wish.
Q. How long would it take to get cash once someone is at a title loan location?
A. Times would vary depending on individual circumstances, but it can be as little as 15 minutes if an individual has all the required items and they have been pre-approved for their Maine title loan.