Pink Slip Loans Amityville NY

Pink slip loans provide emergency funds using your car title as collateral. Considered as subprime debt obligations, these funds are usually issued to borrowers who have a bad credit rating as market options available for them are comparatively less.

Local Companies

Chase Bank
(631) 277-6027
556 Main St
Islip, NY
Capital One
718-527-6100
145-15 243Rd Street
Rosedale, NY
Chase Bank
(631) 589-7200
90 Main St
West Sayville, NY
Bank of America - Greenlawn
800.432.1000
47 Broadway
Greenlawn, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Chase Bank
(631) 691-0670
4 John St
Amityville, NY
Chase Bank
(516) 783-4193
3875 Merrick Rd
Seaford, NY
Capital One
631-862-8900
245 Lake Avenue
St James, NY
Wells Fargo - Great Neck
516-466-1550
20 Great Neck Rd
Great Neck, NY
Bank of America - Commack
800.432.1000
41 Veterans Memorial Highway
Commack, NY
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Pink Slip Loans: A Quick-Cash Alternative

Author: Alisha Delphi

Its recession time and like many others, you may have landed in the soup due to sudden layoffs. How do you manage your expenses in such a situation? There are things that can't be postponed such as mortgage payments, medical expenses, etc. The obvious step is to procure a loan, more specifically a pink-slip loan, which comes totally hassle free with a single condition of keeping your car as security.

You may not have time to ponder over countless financial support options available in the market when your monthly expenses are mounting by the day. Mortgage installments, medical bills, educational expenses-you cannot put them off for another day even if a pink slip is staring in your face. How do you handle such a situation? The need of the hour is quick cash and the only way to obtain it is opt for an easy loan. Pink slip loans have been framed to suit borrowers common to a similar situation, which is not very uncommon these days.

Facts and advantages

Pink slip loans provide emergency funds using your car title as collateral. Considered as subprime debt obligations, these funds are usually issued to borrowers who have a bad credit rating as market options available for them are comparatively less.

The greatest advantage of pink slip loans is that the procurement process is extremely fast and hassle free. In fact, you can get it done in less than an hour. The borrower need not produce numerous income proofs, etc. The only requirement is the document proving you are the title owner of your car. An added advantage is that the interest rates are also not very high.

Application process

Pink slip loans are usually processed through a secure website. You can apply online or even over the phone. The lender will conduct a primary credit check right away and you will be eligible for the loan in minutes. If you have the car title loan papers on hand, a representative will collect it and hand over the contract offering the loan. The cash transfer is through electronic deposit systems.

The risks involved

The only hitch here is that sometimes lenders are successful in entangling you in a cycle of debt with renewal schemes, gradually pushing you into a situation where you may have to give up your car. Thus, it is advisable to go through the contract closely before total submission of your car title papers.


About the Author:

Alisha Delphi holds a degree in Economics and Commerce from USC. She started out as a financial advisor with a bank and has moved on to become a loan consultant with more than ten years of experience. Apply for pink slip loans application now.

Article Source: http://www.articlesbase.com/loans-articles/pink-slip-loans-a-quickcash-alternative--817890.html

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