We hope to have answered many of your questions about our services below. If you need further assistance, please contact us.
What is the application fee?
Please understand that the application is 100% absolutely FREE. BT Exact will never ask you for payment information. In addition, we do not ask for any type of prepayment, including prepaid credit cards, iTunes cards, etc. These are all popular scams that we NEVER participate in.
Is the application long and drawn out?
Absolutely not! As long as you have all of your documents ready, the application should take you a maximum of five minutes to complete.
Is my personal information secure?
Yes. We use the most advanced security measures to keep your information safe. Always look in your address bar for https://, this indicates that your information will be encrypted during transmission.
What will my interest rate be?
We cannot give you a definite answer because each state has different rates and terms. So, the interest rate you will receive depends on what state you are a resident of.
How long does it take to process the application, and how soon can I expect the money?
The application will be processed within minutes. While it is possible to see the funds deposited into your account the same day, sometimes it could be the next business day.
Do I need a bank account with direct deposit?
Yes, it is recommended to have a checking or savings account in your name. Direct deposit is the method preferred by lenders and allows for you to get the cash much quicker.
What if I need to be late on a payment?
If you find out that you will not be able to make a payment on or before the due date, then you need to immediately make contact with that lender to explain your situation and make arrangements.
When applying for a loan, what items will I need?
Picture ID (Driver’s License, State Issued ID or Passport)
Citizenship (Must be a US resident)
Residency verification (Utility Bill, Insurance Documents, Bank Statement)
Proof of Income (Most Recent Paycheck Stub, Proof of Benefits)
Social Security Card
References (Not Required for Some Loans)
Collateral/Co-Signer (If Needed, Such as Your Vehicle Title for a Title Loan)
Loan Specific Questions
How much can I borrow with an auto title loan?
The amount you can borrow will be determined by the value of your vehicle. Auto title loan amounts are based on the vehicle’s wholesale value.
Does the vehicle title need to be in my name?
Yes. The loan must be in the name of the person whose name appears on the title.
Does the lender keep my car for collateral?
The lender will not take physical possession of your vehicle for a title loan and you will be able to drive your vehicle for the duration of the loan. The lender will hold the title and once the loan is paid in full, you will immediately get your title back. In some states, there are loans called “title pawn loans”, with this type of loan the lender will actually keep your vehicle. This is NOT the case with auto title loans.
Do I need to be currently employed?
Employment income is preferred and highly recommended, but you may get a car title loan with proof of stable income such as Social Security benefits, retirement, or disability benefits.
Is there a fee for paying a title loan off before the due date?
No early payoff is never penalized. In fact, we encourage you to pay off the loan amount early.
How long does it take get approved for an auto title loan?
This really all depends upon how quickly you can obtain the documentation needed. Once all of your documents are in order, the loan process is normally very quick.
What documents are needed for car title loans?
In addition to the above personal requirements, you will need the make, model, year, and VIN number of your vehicle. At that point you will get a customized loan offer. You are never under any obligation to accept the loan offer.
How much am I eligible to borrow with a cash advance?
In order to help consumers avoid borrowing more than they can afford each state has its own laws regarding cash loan limits. It is important to understand that cash advance loans should be used wisely, and we do not recommend that you get a cash advance for more than fourteen days.
How much will a cash advance cost?
Cash advance interest rates are regulated by individual states, so it depends upon your state of residence.
Will there be a credit check when I apply for a cash advance?
When you apply for a cash advance, a credit report from the three major credit bureaus is often not requested, however, other reporting agencies could be accessed to make sure that you do not have multiple cash advance loans outstanding.
What are the consequences for not paying the cash advance off when it becomes due?
We realize that most people are responsible and do make every effort to repay cash advance loans when the due date rolls around. However, for those that choose not to repay the loan, it can become a very ugly and expensive. Returned check fees for non-sufficient funds can be assessed, additional fees and penalties can be incurred, and collection agencies can be involved.
Can I get a personal loan or auto loan with bad credit?
Auto loan approvals, as well as personal loan, approvals are not only for people with good credit. You can qualify even with bad credit. Our network of subprime lenders is ready to customize a loan for anyone facing credit problems.
Will I qualify for a bad credit loan even with a bankruptcy on my credit history?
Yes, you can qualify for a bad credit loan regardless of a bankruptcy, judgments, late payments, and even repossessions. Generally, credit is not a consideration for bad credit loan approvals.