Pink Slip Loans Rego Park 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
(516) 735-7300
4276 Hempstead Tpke
Bethpage, NY
Chase Bank
(516) 822-0135
285 S Broadway
Hicksville, NY
Capital One
201-794-7220
24-02A Fair Lawn Ave
Fair Lawn, NJ
TD Bank
(516) 520-0296
145 Stewart Avenue
Bethpage, NY
Bank of America - Crown Heights
800.432.1000
781 Eastern Parkway
Brooklyn, NY
Chase Bank
(212) 912-1882
331-337 S End Ave
New York, NY
Chase Bank
(212) 568-0096
180 Ft Washington Ave
New York, NY
Chase Bank
(212) 794-0061
1324 York Ave
New York, NY
Capital One
516-938-4003
190 Broadway
Hicksville, NY
Wells Fargo - Great Neck
516-466-1550
20 Great Neck Rd
Great Neck, 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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