How to Apply for a Car Title Loan

Have you found yourself in a financial bind and seeking a creative way to survive a tough moment in time? Don’t let stress get the best of you. Millions of Americans are trying to make ends meet while finding a new job, working to pay off unforeseen medical bills, or striving to buy school books and supplies.

Based on the equity (worth) of your car, you will be able to borrow up to a certain amount of money. Gaining approval for an auto title loan can make all the difference in the world and the process is quite simple.

Here are the steps to gaining quick cash via a car title loan:

  • Fill out an application – You will be required to fill out an application for approval. You don’t have to worry about your credit being run. The application process is only between you and the lender. Your credit score doesn’t factor into the process.
  • Provide proof of car ownership – To be approved for a car title loan, you must own your vehicle. You will be required to show your car title and your name must be on the document. If by chance there is a co-owner of your vehicle, you will need their approval as well to gain a cash loan.
  • Supply driver’s license – In order to prove your identity, you are required to provide a valid driver’s license.
  • Show proof of car insurance – It is also required by law that you prove you have current car insurance. Supply the auto title lender with your active auto insurance policy.

Approval for an auto title loan usually only takes 30 minutes at most. When approved, you will walk away with cash in hand.

Keep in mind as you take out a car equity loan that you budget enough for your monthly loan payments. You will reap the benefits of an auto title loan only if you pay it back as agreed upon. The sooner you pay off a car title loan the better.

With a careful strategy for quickly repaying your loan, you will be back on your feet in no time.