TurboTitleLoan.com's New Business Model Highlights Differences Among Lenders

SALT LAKE CITY, April 8, 2014 /PRNewswire/ -- To further separate themselves from other auto title loan lenders and to offer consumers a fair and affordable product, TurboTitleLoan.com, a leader in online auto title loans, has made significant changes to their business model. The most noteworthy change is to interest rates, which are now the lowest in the industry. New website features are more interactive, and the 100% online process blends convenience and savings at the highest level.

High interest rates are a constant source of concern for consumers when dealing with the auto title loan industry. Physical title loan stores charge interest rates up to 372%. TurboTitleLoan.com will now offer auto title loans with interest rates ranging from 12-36% depending on the customer's state of residence. Unlike brick and mortar stores that price their loans to accept default, TurboTitleLoan.com prices their product to make payments affordable.

A little bit of patience on the consumer's part will result in significant savings. TurboTitleLoan.com can usually fund a loan by direct bank wire the next business day. Their competitors promise same day funding, but that comes with exorbitant interest rates and in some cases hidden fees. In reality, 24 hours can save the consumer thousands of dollars over the life of their loan.

Combined with their 100% online platform and easy to navigate website, TurboTitleLoan.com offers consumers the most affordable and reputable auto title loan experience available.

"We're very proud to offer consumers an auto title loan product they can't find anywhere else. We listened to consumer's concerns. Our new platform is designed to build a lending relationship with our customers," said a TurboTitleLoan.com spokesperson.

About TurboTitleLoan.com:

TurboTitleLoan.com is a vehicle equity lender. They have helped thousands of satisfied customers across the United States gain access to needed funds in a timely manner. TurboTitleLoan.com revolutionized the auto title loan industry by moving the entire process from application to funding onto their secure online platform. Transparency, security, affordability and customer service are the cornerstones of their business.

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SOURCE TurboTitleLoan.com