Yes, You Can Get A Loan With Your Car Title! Here's How
August 4, 2021 | Daniel Dewitt
Unless you have a high credit score or very rich – and generous – friends, it can be hard to quickly raise money for an urgent expense. You may try to find an extra job or sell items online, but those things take time. If you need to get cash right away, you have an option still to consider. You can get a loan with car title.
What Is A Car Title Loan And How Is It Different?
A car title loan is a short-term, secured loan where you use your vehicle’s lien-free title as collateral.
“Short-term” refers to the fact that it will not help you in the long term. This means it will not permanently fix your finances or credit. But it will help you get out of an emergency expense you are facing right now.
“Secured” refers to how you qualify for the loan. Most bank loans will require extensive credit checks to prove your capacity to pay off a loan. They will often have a minimum credit score and look at your employment history and proof of income.
For secured loans, you show a property as a form of security. So when you get a loan with a car title, you don’t actually give up your car. You are just providing a guarantee, instead of going through a lengthy credit check.
As long as you make your payments – which is expected of a responsible borrower anyway – you will be able to keep your vehicle.
How Much Money Can I Borrow?
You can borrow up to $15,000 with Nevada title loans. The loan amount you qualify for depends on your vehicle’s model and condition. We determine its condition and value through a quick inspection.
What Are The Benefits Of A Car Title Loan?
There are many benefits to getting a car title loan in Nevada. Here are a few of them now:
- You can apply for a loan even if you have a low credit score.
- You do not need to go through a lot of paperwork or interviews.
- You can get approval for the loan within the same day of application.
- You can continue to use your vehicle.
Who Should Get A Title Loan?
Like any other financial decision, getting a loan requires a lot of thought. Do you need it, how will you use it, and is this a priority? When should you get a loan with car title?
We here at Nevada Title and Payday Loans, Inc. advise that you should only use a short-term, secured car title loan for urgent financial emergencies such as medical bills, big house or car repairs, or important travel.
You should not get a loan with car title to start a business or buy a property. If you need capital, it’s best to apply for a business loan, look for angel investors or partners. These are big decisions that you can and should take time to explore your options. Unlike emergencies, you can afford to wait until you are in a better financial position.
Where Can I Get A Loan With Car Title?
Always go to a trusted and experienced lender for your car title loan. To avoid fraud, make sure the lender has a physical address and clearly explains the loan and the payment terms. Also, avoid lenders who try to get you to send money as a pre-condition for processing your application. That’s not only unfair, but it’s also possibly a scam!
When you get a loan with car title, go to a reputable, trusted, and experienced lender like Nevada Title and Payday Loans, Inc. for help. We have locations all over Nevada and go out of our way to provide good customer service. Our loan representatives will explain everything and answer your questions. We make sure we are trustworthy and transparent.
How Do I Get A Loan With Car Title?
Our process here at Nevada Title and Payday Loans, Inc. is simple and convenient. In fact, it can take as little as 30 minutes!
You just need to be 18 years old and be the registered owner of a car, truck, or van. The vehicle title has to be lien-free, which means that it is fully paid and has no outstanding loans or judgments against it.
Before you begin the process, make sure you have your vehicle title, proof of identity through a state-issued ID or a driver’s license, and the vehicle for inspection. Once you have those items, starting the process is simple. Just start by going to our website and filling out the online form.
Wait for a loan representative from an auto title loans near me to give you a call. He or she will explain the process and requirements, and answer any questions you may have about getting a loan with car title.
Bring your driver’s license or state-issued ID, your vehicle title, and your vehicle to the store. A loan representative will examine your documents and do a very quick vehicle inspection. They will then decide if you qualify for approval and for how much.
If you do, you can get the money through direct deposit possibly on the same day. It’s not hard to get a loan with car title, especially with Nevada Title and Payday Loans, Inc. If you have any questions, just reach out through the website.
Get A Loan With Your Car Title Today
If you have an emergency, there is no reason why you should handle it alone. Check out Nevada Title and Payday Loans, Inc. today and get yourself a loan with your car title. Fill out our online form today to get started.