Consider applying for a title loan, if you need a fast and easy way to get cash using your car title instead of your credit score. The potential borrower will temporarily hand over the ownership of your car to the lender until you pay back the loan.
Payday loans, title loans, cash advances, and check cashing services are among the easiest ways to get access to capital without the need to turn to a traditional bank. However, payday lenders don’t enjoy the same convenience when trying to open a merchant account.
Payday loans and title loans are tabbed as extremely high risk because of their high potential for default, their possible exposure to government regulation, and the financial instability of their consumer base. This can make it challenging for unsecured loan providers to find credit card processors, even when their businesses are legitimate, thriving, established enterprises.
Fortunately, there are reputable merchant account providers like eMerchantbroker.com that specialize in the high risk sector and are willing to offer merchant accounts for auto title lenders and payday loan stores. If you’re interested in car title loans, turn to EMB.
EMB is voted the nation’s #1 high risk processor and boasts an A+ rating with the BBB. EMB is rated A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016. eMerchantbroker.com has years of experience in the electronic payments industry and has helped thousands of “hard to approve” merchants get a domestic merchant account.
EMB’s full suite of electronic payment processing solutions ensures virtually any merchant can accept credit cards and checks electronically. With EMB, you can enjoy:
- Fast approvals in 24 – 48 hours
- No setup fees for most merchants
- High Risk merchants approved
- High volume solutions: load balancing gateways and multiple MIDS
- Chargeback protection and chargeback prevention programs available
- iCheck Check Processing service, featuring quick payments.
Car title loans can help you get money when you need it on the double. Take the time to find a reliable payment processor to apply for a car title loan. Research all your options and choose the one that best suits your needs.