woman needs an emergency home repair

How to Get Home Repair Loans to Help Cover Natural Disaster Expenses

Hundreds of natural disasters happen all over the world every day, and some people can't find the money to make major repairs to their homes afterward. The average cost of a property fixup, even after an act of God, can reach the thousands. So, it's no wonder why millions of people seek home repair loans each year.

DID YOU KNOW: You can get as much as $1,400 in Louisiana if you qualify for certain types of loans using your vehicle title as collateral. More information on that in a minute.

Here’s What You Should Know about Home Repair Loans

What Are Home Repair Loans?

Home repair loans are lump sums of cash used to repair or rebuild parts of your home after damage. Usually, the cause is a natural disaster but that's not always the case. Either way, a home loan for repairs can wreck your credit if you're not careful. So, it's important to find ways around working with a traditional bank.

Most banks want borrowers to have perfect credit for home repair loans. They also require a relatively high income and lots of collateral, meaning the average person doesn't qualify. In fact, a majority of people in this country have a credit score of 710 or below. Meanwhile, traditional banks generally ask for 750 or better.

When Do You Need Home Repair Loans?

Many people don't realize this, but few families in the United States have more than $3,000 in their savings account for unexpected expenses, emergencies, injuries, and natural disasters. Instead, they rely on their credit and community to survive and thrive in an unpredictable world. However, there's a much safer and less stressful way to handle it.

In fact, most people seek home repair loans when they're uninsured or underinsured. They also do it to avoid making a claim to their insurance provider. Still, others prefer auto title loans to prevent draining their savings account or wrecking their teetering credit score. Whatever the case may be, it's never a good idea to neglect the problem because it will only get worse.

DID YOU KNOW: Applying for some bank loans can put an inquiry on your credit report, which thereby lowers your overall score and makes you look too desperate for money.

How Do You Qualify for Home Repair Loans without Going to the Bank?

You don't have to beg a bank for cash when your house needs to be fixed, and here's why: There's a feasible alternative, and it works even if your credit is less than perfect. They're called auto title loans, and they're available as long as you lawfully own your vehicle and can prove it with legitimate documentation.

woman with auto title loan cash

Best of all, you get to keep possession of your wheels as long as the payment schedule is kept as promised. That means instant cash despite your credit score with no immediate change to your lifestyle. Get anywhere from $300 to $1,400 with each title depending on your need.

Meanwhile, your eligibility also depends on you having the following items:

  • A lien-free title to your vehicle
  • The vehicle itself for a quick inspection by the agent
  • Your driver's license or a valid state-issued photo ID

Your identification must prove that you're at least 18 years old, by the way. However, the good news is that you can be done with the entire process by the end of the day and have cash electronically delivered to your designated bank account within 24 hours or less. NOTE: Bank hours and holidays may affect loan processing times, so start as early as possible.

Where to Get Home Repair Loans Today

Cash Cow makes it easy to get started and finish as quickly as possible. The easy online intake form lets you submit your information within minutes and receive an answer from an agent in less than an hour. Plus, there's no store visit required, which means you can get online auto title loans from the comfort of your own home.

Wait for the agent to review your intake form and then set up the most convenient time to finalize the deal. You'll have plenty of time to ask any questions you might have, and you're never obligated to take the loan until you sign the contract. For even faster processing times, bring along your banking information to the signing.

NOTE: Routing numbers, account numbers, and/or a blank check from an active checking account should suffice for direct deposits in most cases. Ask your agent for more specific details.

Submit Your Inquiry Today!

Who would have thought that auto title loans could do so much to save the day? When banks no longer accept certain applications and credit scores are too hard to increase overnight, getting cash for title might be a feasible decision to make. Get your title loan process started today by submitting an online form on our website and get cash for your emergency in no time!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.