Learn These Car Title Loans Requirements Now
January 6, 2022 | June Mckaig
If you are hit with an emergency, you might look to car title loans to cover those expenses. This is partly because we here in Nevada Title and Payday Loans, Inc. have a quick and simple process and minimal car title loans requirements.
So, it is important you know what you need if you want to stand a chance of qualifying for a car title loan. Not only that, but it is also important you know what exactly will and will not stand in your way. So here is what you need to know about our auto title loans in Nevada.
Remember These Car Title Loans Requirements In Nevada
You Need A Lien-Free Vehicle Title
Out of everything, the lien-free vehicle title is the most important of the fast cash car title loans requirements. The title is the collateral for this loan, so it is important you have it with you. A lien-free title means that you have no outstanding loans or judgments against the title of your vehicle.
This means you must finish paying off your vehicle completely before you come in for the loan. If you are unsure as to whether you have a lien-free title, then check the title documents. Alternatively, you can reach out to the DMV, and they will be able to help you out.
Your Name Has To Appear On The Title
Along with a lien-free title, your name also has to be on the title. If the vehicle's title is not in your name, then you will need to head to the DMV. Keep in mind that if another name appears along with yours, you can still use the title as collateral – you just might or might not need the other person to sign off. It is just important that your name appears on the title.
You Must Have A Certain Type Of Vehicle
When it comes to the kind of vehicle needed for a title loan, you cannot use just any kind of vehicle – even if the title is lien-free and in your name. Nevada Title and Payday Loans, Inc. can only lend against the following types of vehicles:
- Truck (like a pick-up truck);
- Van (like an SUV or minivan).
We Must Inspect Your Vehicle
While we are using your vehicle’s title as collateral, your vehicle helps us in other ways. In order for Nevada Title and Payday Loans, Inc. to work out how much you can borrow, we will have to physically inspect your vehicle. If you are not able to get your vehicle to one of our locations, you won't be able to get a title loan.
You Need A Government-Issued Photo ID Or Driver’s License
Before you can get a loan, we need to know who you are. We have to make sure you are 18 or older before moving through the process. This means bringing along a government-issued photo ID or driver’s license. This is another important aspect of our car title loans requirements.
You Need To Know About The Income Requirements
It is equally important for you to know about the car title loans requirements that you won't have to worry about. Nevada Title and Payday Loans, Inc. does not have any requirements when it comes to your income or employment status.
It doesn't matter whether you are employed, unemployed, on disability, or doing ad-hoc jobs to bring in an income. We aren't going to ask you where your money is coming from. We do suggest that you think a little bit about how you will be able to pay the loan back, just for your personal benefit.
Know About The Credit Requirements
When it comes to your credit history, we can consider people in all credit situations. Having a few missed payments won't automatically disqualify you from getting a car title loan. We are going to be looking at your personal situation at the time that you take out the loan, as well as the value of your vehicle, to make our lending decisions.
How Do Title Loans Work At Nevada Title And Payday Loans, Inc.?
Now you know a little bit about the car title loans requirements, here is exactly how the process works. On our website, you will find a short form that you can fill in. The purpose of this form is to let a loan representative from the nearest location contact you.
Shortly after you fill in this form, an agent from your local auto title loans location will get in touch with you. They will let you know about the car title loans requirements in a bit more depth and remind you of the documents that you need to bring along when you meet us.
Once that phone call is over, you can head straight to your local store. We will carry out a vehicle inspection and inspect your documents. If we believe we can lend you cash, then you will be told how much you can borrow.
We will then go over the loan terms and paperwork. If you want to go ahead, then sign those loan documents. The money should be in your account by the next bank business day. In some cases, you may even receive it the same day!
Need To Borrow Cash For An Emergency? Inquire About Car Title Loans Today
If you hold a lien-free title to a vehicle and have a government-issued photo ID, then you will already have met most of the car title loans requirements. This means car title loans could be an option if you need to borrow cash to help cover a financial emergency. Start the process by filling in a short form on our website.