Keep in mind for approval of a title loan, you don’t need to have a regular paying job, but you need to prove that you have at least some type of constant income. The proof of income can come in the form of housework you do for a neighbor, or maybe you sell something online.
Moreover, can I get a title loan if I just bought a car?
If you have a car title signed over to you, you can inquire for a title loan and get quick emergency money! After approval, many eligible borrowers receive their title loan money in as little as one business day!
Besides, can I refinance my title loan with TitleMax?
When doing refinancing, TitleMax® looks at your existing loan, as well as your vehicle’s value. We can generally refinance any title loan that has already had about 20% of its principal paid down. You could stand to reap significant savings and get your loan paid sooner!
Do you need to have a job to get a title loan?
If you want to get a title loan without a job but your main source of income is not listed above, don’t fear. You may still be able to qualify for title loan funding, just talk to a loan agent about your current financial situation over the phone at (855) 277-4847.
How much is my car worth for a title loan?
How much can you borrow with a title loan? You can usually borrow 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you’re approved for a loan, you’ll give the lender the title to your car.
What are the requirements for a car title loan?
Documents You’ll Need
- Original vehicle title showing sole ownership.
- Government-issued identification matching the name on the title.
- Utility bill or other proof of residency matching the name on the title.
- Current vehicle registration.
- Proof of vehicle insurance.
- Recent pay stubs or other proof of ability to repay the loan.