If you are a Utah resident, and you are looking for a more flexible way to borrow money from Check City, our new Installment Title Loans may be your answer. An Installment Title Loan is a great way to borrow money against the value of your car. This secured personal loan will provide better rates and more money within flexible 12 month terms. If you decide that an Installment Title loan is right for you, you will need to have your vehicle, title and a spare key. You will also need proof of insurance and registration, a picture ID, proof of residence and proof of income. All of these are required before you can be approved to take advantage of an installment title loan.
When you have all of these items you can then head into a Check City location and complete a simple application form. When you have completed the application form a Check City employee will then preform a quick inspection and process your application. When your application is processed you will then be offered a loan amount based on the percentage of the value of your car.
After you have been approved you will then be able to drive away, in your car, with the money that you need. When you take out an installment title loan, there are usually no credit checks. The loan was designed to be paid off in 12 months with 26 equal bi-weekly payments. While you are working on paying off your loan you will also find that there is no pre-payment penalty and the interest that is charged is charged on the actual term of the loan. So, you will be able to have the money that you need while still driving your car. Talk with a Check City representative to see if an Installment Title Loan is your best option for a loan.