What do You Need for a Car Title Loan?

Financial worries can take a toll on your well-being. According to WebMD, excessive worrying can lead to high anxiety and affect your sleep, job, and relationships. It can also take a toll on your health and make you physically ill. Rather than settling for this, and most likely increasing your stress levels in the long run, consider applying for a car title loan. Learn what you need for a title loan so you can enjoy the many benefits associated with it.

Car Title Loan Benefits

Auto title loans all differ depending on the company that you go through. If you go through our company, you will be in good hands. We’ve been providing people with loans since 1998 and pride ourselves on our quality customer service. We process more than 3,000 loans a day and have more than 1,000 locations in 16 states. To find out more about our company, visit the “about us” section on our website. We are known for our fast approvals; applying for a loan with TitleMax® can get you approved in as little as 30 minutes. No credit check is necessary to get you approved. We don’t base the loan on your credit; we hold your car title as collateral. If you don’t pay back the loan, you could forfeit your car. It’s almost like you pawn your car to get money, only we allow you to continue to drive your vehicle. We just hold onto the title of the car. In addition to being fast, we make it easy to repay the loan because our interest rates are very competitive.

What Do You Need to Get a Title Loan?

Many people ask us, “What do you need to get a title loan?” The answer is simple. You need to be at least 18 years of age or older and be able to prove this by showing a government-issued ID. You must also have a car with a lien-free car title in your name and some source of regular income. The latter can be anything from a pension or disability, to a regular salary or unemployment benefits. If you meet all of the requirements and have what you need for a title loan, you can apply either in person at a location near you or online. The benefit of applying at one of our branches is that they’ll immediately inspect your car. After determining the value of the vehicle, the loan professional will be able to make an offer. You can find more information about our car title loans on our website.

Repaying the Car Title Loan

Ask yourself if you qualify for an auto title loan. If you qualify and go forward, you will be presented with a repayment plan. You should know exactly when the loan payments are expected. You can make them either in cash at one of our branches, or you can use a debit card or Western Union. If you want to pay off a lump sum all at once, you’ll be happy to know that there is no repayment penalty. Also keep in mind that if another person in addition to you is mentioned on the car title, we might have to contact that person before approving the loan. If you have already obtained a car title loan with another company, don’t be afraid to inquire about refinancing. Often, we can offer a much more favorable interest rate.

Whether you have bills to pay or are dealing with an unexpected expense, a car title loan might be just what you’re looking for. The approval process is fast, and the extra cash that the loan provides could reduce your stress levels and give you peace of mind. TitleMax® has an unrivaled reputation. If you have any more questions about auto title loans, feel free to use the live-chat function on our site or call us at our toll-free number.