Sometimes emergencies occur in life that makes it necessary for you to borrow money. You may need funds in your hand quickly. Maybe you’ve found yourself facing an impending due date or have an unbelievably large bill that you just weren’t expecting.

Regardless of why you need the money, making sure that you’re able to get it when you need it will always be your main concern. Luckily, options like taking out a title loan make getting the cash you need easier than ever before.

Here are the top four ways that you’ll be able to benefit from taking out a title loan.

1. Simple and Straightforward Process

When you need money quickly, the last thing that you want to think about is having to fill out a novel’s worth of paperwork and having lenders investigate everything about your financial past. Title loans are meant to get you the financial assistance you need as quickly as possible, that’s why the process is extremely simple. Your lender will assess your car, look at how much of it you’ve been able to pay off, and offer you a loan amount right on the spot. It really can’t get any simpler than that.

2. Low Credit May Not be an Issue

If you’ve had trouble taking out a personal loan simply because your credit rating isn’t as high as lenders would like, then title loans are the perfect solution for you. In these cases, you’re offering your vehicle as collateral for your loan, which means that credit isn’t the main qualifying factor. As long as you have a valid source of income and equity in your car, you may be able to get the loan you need in no time.

3. Continue Using Your Car

One of the main reasons why taking out a title loan is a better option than just selling your car is that you’ll still be able to use your vehicle the entire time that you are repaying the loan. Your car title is simply kept by the lender as security in case you’re unable to pay back your loan accordingly. However, once you make that final payment, your car title will be returned to you and it will be as if it never happened. You’ll be able to continue working and getting around where you need to go regardless of the loan.

4. Easy Repayment Options

Car title loan lenders understand that these sorts of situations can put a tremendous amount of stress on you so they’ll typically do everything they can to make the process as easy and painless as possible. This includes providing you with benefits and simple repayment options upfront so that you understand exactly what’s expected of you and how much you’ll need to repay. Often, lenders will even offer automatic withdrawals as an option so that the money will just come out of your bank every payment day rather than you having to remember it.