How to Get a Car Title Loan
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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.