How To Get A Title Loan Without Having A Title

Posted by Jeremiah9 on January 12th, 2021

Most persons hold back on living their best lives because they don't own a title to their boat or car. However, the process of obtaining a title loan without a title is as easy as gulping a glass of water. This article outlines the simple process that allows you to access money as fast as you want. Are you considering going on that vacation and don't have enough money to fund it? Thankfully, you're here now. These are steps you should follow to get you started:

Complete the title loan inquiry

Regardless of your title status, you should know if you are qualified for a title loan in the first instance. You can complete an online form or visit a physical office to fill the form to know your status. If you are prequalified, you can then proceed to the next step. However, you need to ensure that your lender is legitimate and is not keen on charging you exorbitant interest rates. As you inquire about what's in for you, also consider their credibility.

Know your title status

The lender has to verify that the car or boat is yours and you have paid for it. They use various systems to confirm and ensure they are lending their money to the right person. If you don't own the asset, there's no need to impersonate because they'll let you off the hook when they realize. No one wants to lose money! After completing this step, you've hit another milestone and can move to the next stage.

Complete a DMV form

Because you don't have a title, you would be required to complete this form. The DMV form states that you misplaced your title and want to apply for a new one. Filing this form comes with extra charges, which would be added to your loan. They are doing you a favor by considering you for a loan, so be ready to pay extra.

Continue the loan process

After you have filled the form, you can continue with the loan process. In this age of technological advancement, the process is seamless. This stage births the final approval and the signing of the contract. If everything goes well, you get your money almost immediately.

No one is above mistakes, and if you have misplaced your documents, it is not time to tear your hair out. You have seen that you can obtain a title loan without your title, and it is easy as the tips you read above. If you are getting depressed because you need money urgently, reconsider your stance and approach a reliable lender. The loan process would certainly pull through provided you are genuine.