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.
Secondly, can I get a title loan online?
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.
Keeping this in consideration, can you get a title loan without registration?
If you have lost or misplaced your vehicle registration car, you might be asking how you get a title loan without registration. No need to worry! You can get a vehicle registration card or replace a lost one at your local Department of Motor Vehicles (“DMV”) or other department that handles vehicles.
Can you pawn a title that’s not in your name?
A title loan company is there to provide every help possible to its customers; however, the title loan must be in the name of the car owner. There are few lawful restrictions to follow during the deal, and the rules don’t allow offering asset on the amount that doesn’t belong to you.
With a car title loan, you don’t need credit at all. … With an unsecured, high risk loan, that goes on your credit score as debt. With a car title loan, since you are using an asset as your line of credit, you don’t get to put that as debt on your credit score. Whenever you pay off a loan, your credit score goes up.
Title loans at ACE Cash Express are offered only in-store. The availability of loans and the loan amount offered varies for each state where we offer title loans. Title loans are not available in every state.
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.
Title loans can provide needed cash fast—particularly to borrowers with bad or no credit. They work by using a vehicle title to act as collateral for the amount of the loan. Lenders offer them as a way for borrowers to cover emergency or other short-term expenses.
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.
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.