What Do You Need to Get a Car Title Loan
Car Title Loan
Qualifications &
Requirements
How to Get a Car Title Loan
Ver en Español
Unexpected emergencies can take you by surprise, and sometimes, these can be quite costly. Whether you're dealing with a substantial doctor's bill or any other unexpected expense, a car title loan, also known in some states as a title pawn, might be the answer. If you've never applied for this lending option, you're probably wondering how to get a title loan or pawn. We're here to help: Learn about the requirements to get a car title loan, and you can be well on your way to getting the money you need.
What Documents Do You Need to Get a Car Title Loan?
When applying for a title loan from TitleMax®, you'll need:
- Your clear vehicle title
- A valid government-issued ID
- Other documents that may be required by your state, such as proof of income, proof of residency, or a valid vehicle registration
How to Take Out a Title Loan
The entire process is much like that of going to a pawn shop. This is also why car title loans are sometimes referred to as title pawns. To take out a loan/pawn, you will:
- Give us your car title.
- Show us your ID.
- Get approved; the process takes as little as 30 minutes.
- Continue driving your car during repayment, unlike a traditional loan or pawn arrangement.
Vehicle Title Loan Requirements
To apply for a title loan or pawn, you must:
- Be 18 or older
- Own a Vehicle
- Hold a lien-free car title with your name on it
- Start the application online or at one of our 1,000+ locations
- Go to one of our stores for a visual inspection of your car. The amount we can lend you will be estimated, after which you could be given the money you need. The amount of money you are loaned depends on factors including the value of the vehicle and any state-specific requirements.
- Have a reliable source of income. If you don't have a job, disability, retirement, or unemployment benefits will do.
Now that you know how to get a car title loan/pawn, you can start the application process on our website. After being approved, you get to keep driving your car while you pay off the loan but remember you can also pay off the entire amount early without being charged a prepayment penalty.
Our car title loans are ideal during times when you need additional cash. Our loans can ease stress and give you peace of mind knowing that you'll have the money that you need. After filling out your application and showing us your car, we will quickly let you know how much you're approved for. Whether you want to borrow the entire amount or just some of it is up to you.
About TitleMax®: Why Choose Us?
Many companies offer car title loans, but when you choose TitleMax® for your car title loan or pawn, you can rest assured that you're in good hands. TitleMax® has been in business since 1998, and we operate in 16 states, throughout which we have more than 1,000 stores. Our company is reliable, and our representatives are knowledgeable and helpful: We take pride in delivering quality customer service.
Every day, more than 3,000 people turn to use to provide auto title loans because we're a reputable company, our approvals are quick, and our rates are competitive. Our loans are ideal for people who need cash in a hurry or for people who have unsuccessfully tried to get a traditional loan. Traditional loans are typically based on your credit score, but when you apply for an auto title loan, less-than-perfect credit doesn't have to keep you from getting the money you need.
If you already have a loan with another car title loan provider, don't hesitate to contact us; we might be able to refinance your loan and give you a better rate.
Now that you know more about how to get a title loan, why not apply for one? If you still have questions and can't find the answers on our website, feel free to contact us by phone or through the live chat function on our website and we'd be glad to assist you.
1 Title-Secured Loans, Secured LOCs and Title Pawns: Maximum pledge amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies for and accepts both the pledge max of $2,500 and Secured LOC max of $4,000. Refinancing is not available for Mississippi or Tennessee Pledge products. Minimum loan amount for title-secured loans in South Carolina is $601.
Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry and motor vehicle appraisal. Must present valid government issued ID. Certain other eligibility requirements and terms & conditions apply. Loan/LOC/Pawn amounts vary by states and product. LOC customers are subject to a periodic collateral review to maintain credit limit. Proof of income documentation and ability to repay analysis is required in Missouri, Nevada, some Texas locations, and Utah.
2 Personal Unsecured Loans/LOCs: Unsecured loan amounts and products not available in all stores/states. In-Store: Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. Bring in active bank account details (dated within the last 60 days), and a valid government-issued ID to apply. If your bank account statement does not show recurring income deposits, you will need to also bring in proof of income, like a paystub, from within the last 60 days. In AZ, a valid AZ motor vehicle registration in your name is also required. Min $601 in SC. For new personal/unsecured loan customers without SSN or ITIN, max loan amount is $300. Online: If you do not have an SSN or ITIN, please visit us in store to apply. Additional items required for eligibility, including: a valid and active email address and telephone number, and a valid SSN. You must also reside in a state in which we do business (currently AZ, DE, KS, MO, MS, SC, TN, TX, UT or WI). Min $610 in SC. Certain other terms and conditions may apply.
– California, Illinois and Virginia Residents: TitleMax® no longer originates new loans in CA, IL or VA, but continues to service existing loans.
– Please see our California Resident Notice at Collection and Privacy Policy: Submit a Verified Consumer Request to understand what information we collect, disclose, or sell, to request that we delete your information, and/or opt out of selling by clicking .
– In Georgia, TitleMax offers Title Pawns.
– New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.
– In Nevada, title loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction. Ability to repay analysis with income documentation required.
– In Tennessee, TitleMax offers title pledges, and secured and unsecured Lines of Credit ("LOC"). Only one LOC account allowed per customer, inclusive of other lenders. LOC customers are subject to a periodic income (and collateral, if applicable) review/validation.
– TitleMax of Texas, Inc. and TitleMax Online of Texas, Inc., d/b/a TitleMax acts as Credit Services Organizations to assist customers in obtaining a loan through an unaffiliated third-party lender. Please see store associate for details. Please see Texas Schedule of All Fees. TitleMax does not offer pawn loans or pawn transactions in Texas.
– TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.
What Do You Need to Get a Car Title Loan
Source: https://www.titlemax.com/faqs/how-to-get-a-car-title-loan/
0 Response to "What Do You Need to Get a Car Title Loan"
Post a Comment