Can I Get A Cash Loan Using Car As Collateral?

May 13, 2021 | Emma Frost

cash loans using car as collateral

 

Are you pressed for cash while having to handle some urgent financial issues? Get cash loan using car as collateral by considering car title loans. A car title loan is easily one of the most accessible loans out there. If you’re on a short timeline, it’s definitely an option worth looking into.

What makes car title loans from Nevada Title and Payday Loans a good choice in case of a financial emergency? We make sure our process is quick and convenient. In fact, if you are approved, you will get the cash amount you qualify for on the very same day you apply. You also get to keep your vehicle while you are repaying the loan. We are using your car’s title as collateral, so we will not take your car while you are making regular repayments.

How To Qualify For Car Title Loans

There are only a few qualifying requirements for getting a car title loan at Nevada Title and Payday Loans. We don’t require you to bring in a lot of items, but you do have to bring in certain items in order to continue. Here’s what you’ll be needing in order to get through the process:

  • A driver’s license or a state-issued photo ID that proves you are a legal adult of 18 years or older.
  • Your vehicle for a quick inspection. While the title is collateral, you will need to provide us with the vehicle to determine the maximum amount you qualify for – which could be up to $15,000.
  • The vehicle’s title. To qualify for a car title loan, you must own the vehicle in question outright. This means the title must be lien-free – i.e. with no outstanding loans or judgments and in your name.

Can I Get Car Title Loans If I’m Unemployed?

If you are unemployed, you do not have to worry about automatically not qualifying for the car title loan. As you’re getting a cash loan using car as collateral, we will try to do what we can to accommodate your situation and go over your options.

As long as you are able to pay back the loan on the repayment period, you should not run into any issues. Our loan representatives at Nevada Title and Payday Loans, Inc. will try to go over your payment options and see what we can do for you. Just be upfront and talk to us about your situation when you sit down with us.

 

cash title loans NV

 

Can I Get A Title Loan If My Credit Is Bad?

Another benefit to car title loans is all credit types are welcome to apply at Nevada Title and Payday Loans. As long as you’ve got the required items listed above in order, you’re eligible for a loan irrespective of your credit history.

Be your credit good, bad, or outright nonexistent, you can qualify for the title loan if you’re over 18 and outright own your car.

Getting a cash loan using car as collateral will also have no impact on your credit history – either negative or positive. When you apply for a loan at Nevada Title and Payday Loans Inc. you can rest assured that the loan information will remain between you and us. We will not report to credit agencies if you default on your loan payments.

Do I Give Up My Car To Get A Cash Loan Using Car As Collateral?

As I said, you do not even have to worry about losing your vehicle while repaying the title loan payments. Giving up your car is a bad misconception because we are using your vehicle’s title as collateral – not the vehicle itself.

As long as you are able to repay the loan, the car stays with you, and you’re free to drive it around while simultaneously paying the loan off.

How To Get Car Title Loans Near Me

You can easily start the simple and convenient process right through our website. All you need to do is go to our website and fill out the title loan form. When the form gets processed, a loan representative will get in contact with you to provide further instructions.

You’ll need to take the required items – your ID or driver’s license, your vehicle, the vehicle’s title – to the nearest title loans location for the loan representative to assess.

As you’re getting the cash loan using car as collateral, the representative will have to perform a quick inspection on your car to determine how much cash you qualify for. If they decide to approve you for the loan, you’ll finish up the paperwork right then and there and get the cash the very same day. This entire procedure typically doesn’t take more than 30 minutes.

The next time you need cash for emergencies, you have to remember that you can get a cash loan using car as collateral. If you own your car outright and the title is lien-free, come fill out our online form and get started on our process, today.