Easy Car Title Loans Application Process

Posted by Azizam Taylor on January 25th, 2020

One of the most important requirements is that you need to have the title of the car. This means that you will need to own the car outright. If you still owe money on your car, the bank or the lender associated with the loan will still have the title. This means that you won’t be able to get a Car Title loan. The same is true if there is more than one person on the car title. You’ll need to own the vehicle outright on its own to get a Car Title loan.

The vehicle can also not have any other loans against it if you hope to get a car title loan. If the car was recently under lien from another lender, but that debt has since been paid off, you will need to show documentation that proves this. These documents can usually be acquired from the other lender. You will also be expected to provide some sort of financial documents. While you usually don’t need to have full-time employment to get a car title loan, you will need to show that you can pay back the loan.

The application process for an Auto title loan is very easy. Just follow some simple steps and you can walk off with a cash loan:

• Apply online or over the phone. Fill in the online form or go through the required questions with a staff member over the phone.
• Provide your details (name, address and telephone number) and vehicle details (make, model, year and mileage). With so few details to provide you can complete this part of the application process in a few short minutes. You will be offered pre-approval instantly, together with estimated loan value.
• Bring in your required documents. Once you have applied and have received an initial loan offer, you will need to physically go to the company’s office to complete the process. You will need to supply the car title in your name, car insurance, proof of identity, proof of residency and proof of income. Make sure that all of your documentation is valid to prevent any delays. Learn more at https://thenewswheel.com/a-guide-to-car-title-loans/

That’s it! It is recommended that you negotiate the terms of the loan and the repayment schedule to best suit your financial needs and this can be done at this stage. With such a basic application process, now you can understand why you can get the loans so quickly!