Pink Slip Loans Maspeth 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.

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HSBC Bank
1.800.975.HSBC (4722)
On The Corner Of 139 St 3418 Broadway
New York, NY
Chase Bank
(914) 961-2918
62 Main St
Tuckahoe, NY
TD Bank
(516) 326-3560
372 Jericho Turnpike
Floral Park, NY
Bank of America - Bayonne - 45th Street
800.432.1000
937 Broadway
Bayonne, NJ
Bank of America - East Yonkers
800.432.1000
766 Yonkers Ave
Yonkers, NY
HSBC Bank
1.800.975.HSBC (4722)
West Of Glen Cove Rd 1 Old Country Rd
Carle Place, NY
Chase Bank
(516) 791-3893
930 Rosedale Rd
South Valley Stream, NY
Capital One
212-255-8492
347 Sixth Ave
New York, NY
Bank of America - Allerton Avenue
718.732.3970
700 Allerton Avenue
Bronx, NY
Bank of America - Hoboken
800.432.1000
One Firehouse Plaza
Hoboken, NJ

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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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