Inquiring About Title Loan Funding Can Be Easy and Quick!
Most people need money in a pinch at some point in their lives. An emergency may pop up, or bills must be paid ASAP, or you may need to make last minute travel arrangements. Paying for these unexpected situations can be challenging without a safety net of savings in your bank account. Accessing funds can be tricky if you also have a bad credit history, especially through a traditional bank.
If you relate to any of these scenarios, the good news is that there is an option available! You can apply for title loan funding to potentially receive money quickly. Car title loans are great financing options for people with bad credit history because they rely on using a car as collateral for funding. While your credit score may be considered, it is not the main focus during a title loan approval.
Learn how you can get in touch with title loans serviced by LoanMart to potentially get approved for funding within the same business day!
Are There Title Loan Locations Near Me?
The simple answer to this question is yes! There are title loan locations near you because you can inquire about title loan funding online! With a simple inquiry process, there has never been a better way to find out if you qualify for financing. You don’t need to find a location in your area, wait to speak with a loan agent, or waste your precious time to find out if you can be approved for funding.
By filling out an inquiry form or calling to speak with a title loan agent, you can send in your title loan application from the comfort of your home or anywhere you have internet access! As long as you meet the requirements and can gather the necessary documentation, you should be able to inquire about funding with no issues.
What Are the Requirements for a Title Loan?
Unlike traditional bank loans, which can have strict terms and demanding criteria to meet, title loans are much simpler! The requirements are relatively straightforward and are simple to understand:
- Be an adult at least 18 years old
- Have a legal car title under your name
- Be able to show proof of a steady income
You must be 18 years old to inquire about title loan funding. Additionally, you must have a legal car title under your name to qualify. Approval for an auto title loan depends on using a borrower’s car as collateral for funding by placing a lien on the title during the repayment period. Without a legal car title under your name, you cannot move forward with this type of financing!
Finally, you must be able to show proof of a steady income. Title loan lenders want to know that a borrower will be capable of paying the money back! The good news is that you don’t need to work a traditional 9-5 position to potentially get approved. Tons of alternative income forms may be accepted! Below are examples of income that you can use:
- Worker’s Compensation
- Social Security Benefits
- Alimony/Child Support Payments
- Settlement Income
- Retirement Income
Maybe you sell things from an online storefront, or perhaps you’re living off your Social Security benefits. People make money in various ways, and all of these alternatives may be acceptable regarding title loan approval!
Documentation Needed for a Title Loan
If you meet the requirements for a title loan, the next thing you need to do is gather the correct documentation. The paperwork involved with title loan financing is relatively straightforward! You will need:
- Government Issued Photo I.D.
- Proof of Residency
- Proof of Income
- Proof of Legal Car Title Under Your Name
- Recent Photos of your Vehicle
All these documents are necessary for proving your identity, age, residency, income, legal car title ownership, and what condition your vehicle is in! If you are struggling to find any of the necessary documents mentioned above, you should consider reaching out to the DMV in your state to obtain replacements.
Get Started With a Title Loan Agreement Today!
There has never been an easier way to inquire about title loan agreements. Don’t get overwhelmed by not having money when you need it most! Inquire about title loans serviced by LoanMart to potentially receive access to funds within the same business day as starting. You can complete the entire process online by filling out this inquiry form or calling 855-422-7412 today.