Again: Yes, you need a clear title to get a title loan
Yes, you need your car title in order to complete a successful title loan application.
Similarly, can I get a copy of my car title online?
Here’s how to apply online: Go to your state’s Department of Motor Vehicles’ website. Find the “Replacement Certificate of Title” link (or similarly named link) and follow the instructions. … In states where notarization is required, you’ll have to mail the application or present it in person at your local DMV office.
Keeping this in view, can I get a loan with bad credit if I have collateral?
Because of the lower risk to the lender, secured loans are often easier to get than unsecured loans. If you have poor or even no credit, you might still be able to qualify for a personal loan if you can provide collateral for a loan.
Can I get a title loan on a car I just bought?
If you are trying to get a car title loan and you only have the bill of sale from your car’s transaction, you might be wondering can you get a title loan with a bill of sale. Unfortunately, you cannot get a car title loan with just your bill of sale.
Online title loans can be convenient if you want to start the process online or you want to set up an account electronically to check your balance and make payments. Terms for online title loans are usually about a month long, although they may last more than a year depending on the state.
On the contrary, if you don’t own your car and are only looking to borrow a bit of money, a registration loan may be a better option. Before you make a decision, consider your car ownership status as well as how much money you need. This can help you decide whether a title loan or registration loan is right for you.
Can I Get a Title Loan if the Title is Not in my Name? Car title loans can give people the ability to get the money they need without having to fill out mountains of paperwork, run a credit check, or worry about their approval. … Without the title of the vehicle, there is nothing to use as collateral.
Here are a few signs that your car can be used as collateral for a title loan. Some people drive a car that is registered in someone else’s name as if it is their own. … Some lenders do allow joint applications, though, so that may be an option if your car is registered in another name.
If you own a vehicle outright or owe very little on it, a car title loan — informally known as a “fast auto loan” — can be easy to get. But fast and easy doesn’t necessarily mean good. You’ll pay high fees for this type of loan, and you’ll risk losing your car.
Documents You’ll Need
In order to obtain a car title loan, also called a pink slip loan, in most cases a borrower must own the vehicle outright; there may be no liens against the title. … Utility bill or other proof of residency matching the name on the title. Current vehicle registration. Proof of vehicle insurance.
At Title Loan Fast, we’re an online title loan company that offers title loan services – without vehicle inspections! We make it easy for you to get the cash you need with our online title loan services. Best of all, we do not require a physical inspection of your vehicle.