MIAMI, April 22, 2016 /PRNewswire/ -- Platinum Lending has announced today that it will be offering suite of secured and unsecured loans geared toward credit-challenged and underbanked consumers who cannot obtain loans from traditional lenders. These loan types include title loans, registration loans, flex loans, installment loans, payday loans, student loans, and small business loans.
The matching technology behind Platinum Lending is one of its key features: The prospective borrower simply needs to fill out a quick form via Platinum Lending.com, and then they are provided with estimate of how much money they can borrow based on Platinum Lending's algorithms. There is no cost to apply.
One of Platinum Lending's primary offerings are vehicle title loans. A vehicle title loan is a secured loan which uses a car's Kelley Blue Book value as collateral. The loan amount is determined by the vehicle's market value and can be in excess of $50K. Registration loans are similar to title loans, the key difference being that the car need not be fully paid off for individuals to qualify.
The borrower receives a free no-obligation consultation by phone with a Platinum Lending loan expert. They will be matched to a loan office in their neighborhood where they can obtain their funds in as little as one business day, sometimes within a few hours on the same day they apply.
"Simplicity and convenience characterize the Platinum Lending process," said Platinum Lending Public Relations Director Douglas Gross. "All the paperwork is handled beforehand, and because credit history checks are never performed, the paperwork is limited - a major boon to applicants who require funding quickly."
With Platinum Lending's title and registration loans, borrowers are allowed to maintain possession of their vehicle during the term of the loan. And because the loan is secured by the vehicle title, credit checks are never performed, which makes title loans popular with individuals who have limited or substandard credit histories.
"We believe in fairness and transparency," Gross explained. "We understand individuals often require money quickly. Here at Platinum Lending, we are committed to our clients' financial well-being and the ease and speed of the title loan transaction," he added.
For more information or to apply for a loan, visit PlatinumLendingLTD.com.
Platinum Lending is a nationwide alternative lending solution. As professional lenders, we are here to provide you with a type of loan that it would be used as a tool to achieve your both short and long-term financial goals and eventually lead you to the creation of wealth.
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SOURCE Platinum Lending