subject: Pink Slip Loans - The Most Sought After Means In Difficult Days [print this page] Pink slip loans are extremely popular short term loans. Such loans are meant to solve temporary financial problems of all sections of people. These loans are extremely popular among students, who have no fixed income. No enquiry is made to ascertain the income status; self declaration is adequate. For pink slip loans, an applicant need not divulge unnecessary information that may lead to controversies. These kinds of loans intend to serve in your difficult days. In pink slip loans, the only pre condition is to have a car in your name. Your car acts as collateral for loans. The condition of the cars does not matter as long as there is some resale value. In fact, such cars are suitable to fetch loans of small amount. College students are specially benefited by such pink slip loans. Unlike other loans, pink slip loans are available for 100 dollars also.
People of lower and upper middle class normally maintain cars that have better resale value. This sets them in a favorable position to obtain moderately high amount of loan. The applicant is totally at liberty to set the loan amount, once he/she knows the resale value of the car. In pink slip loans, to authenticate the entire matter, banks function as mediator. The banks, on approach, carry out on-date valuation of your cars and issue pink slips. Such pink slips are used to obtain loans; hence the name pink slip loans.
In pink slip loans, it is the applicant who has to decide how he/she is going to spend the money that he/she has borrowed. Other than sacrificing the ownership of the car temporarily during the loan repayment period, no other issue is involved in pink slip loans. The applicant needs to submit some simple documents which are absolutely easy to avail. Pink slip loans are sanctioned within 1-2 days. The service of financial agencies offering pink slip loans is praise worthy.
The pink slip loans never deny you from using the car during the repayment period; rather, the pink slip loans can be of great help in your difficult situation and help you to maintain your normal life. Irrespective of your credit rating, you can apply for pink slip loan. You also have some flexibility in repayment of loan. In the event of any unusual situation, you are even allowed to pay the interest on the loan for a certain period. This gives you specific leverage to settle issues in your favor. Pink slip loans can ease out any financial difficulty.
