Getting A Title Loan For The First Time In Nevada? How To Get Started

June 24, 2020 | Emma Frost

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When it comes to financial emergencies, we’ve all experienced them. Whether it is a medical emergency or damage to our homes, we’ve all been through some type of emergency that usually pops up out of nowhere. Usually these emergencies have to be dealt with right away, regardless of if we have the cash to deal with them or not. That is where title loan companies in Nevada can be of great help. Title loans can do plenty in easing the burdens and stresses that come with emergencies. Why fall deeper into financial issues and risking your credit score when vehicle title loans can help you out? And they are much easier to get than you may think. But before you get one, you have to understand what they are.

What Are The Features Of A Title Loan?

What Are Title Loans?

Title loans are loans you can get when you use your vehicle’s title as collateral. These loans are designed to be short term solution to your financial emergencies; so it won’t fix your finances permanently, but it will bring you on the beginning of your path back to financial stability. You definitely shouldn’t use them to help get you out of debt but you can use them for your emergencies that need your full attention right away. When you can’t get your cash together right away, a title loan can help bridge that gap until you can get your finances in shape.

How Should You Use Them?

If you still are not sure on how to use your title loan, it is simple really. Let’s say you find yourself injured and needing to stay in the hospital, your medical bills can be outrageous. Especially if you need a surgery or other medical procedure. When you need help paying those down, your title loan can be a great help. Your title loan can also help when it comes to your home needing repairs due to things like flooding or other damage.

Can You Only Get Them With A Car?

One highlight from title loans is the fact you don’t only need to use a car to get one. Yes it is sometimes referred to as a car title loan, but that doesn’t mean you can only get one with a car. If you have motorcycle in your name, then you can use that title as collateral for the loan. So let’s say you need a title loan to help you pay for car repairs, if you have a motorcycle in your name, then you can still get a title loan and still use it as a way to help pay for those car repairs.

Can You Get Them With Bad Credit?

Another highlight with getting a title loan is the fact that we welcome all credit. With traditional loans, having bad credit can really trip you up. Bad credit can make lenders weary of lending you any amount of money because they see it as irresponsible money management. And if they do lend you money then you will have to deal with high interest rate payments. With title loans in Nevada, you can still apply for our loans even if you have bad credit. This loan is based on your vehicle’s title, so your bad credit does not automatically disqualify you for the loan.

What Does The Process Of Getting A Title Loan Involve?

How Does It Start?

Now that you know what a title loan is, you need to learn how to get one. The process is very simple and convenient to go through. It all starts with you filling out the online form. This form lets you send us your basic information and lets us know more about your situation. After you fill out the form, you will receive a phone call from one of our loan representatives to confirm your information and let you know the rest of the process. After the phone call, you can head to one of our stores and finish the application process.

Where Do I Go To Get Started?

Here in Nevada, we have title loans companies all over. You can pick whichever Nevada location is closest to you and complete the application process. We have friendly loan representatives at every one of our stores that are knowledgeable and willing to help answer any and all of your questions. We want to make sure you fully understand everything so don’t hesitate to come visit us and ask all of your questions.

How Much Can I Get And How Quickly?

If you get approved and agree with all the terms in the loan agreement, you can qualify for any amount up to $15,000. This amount relies on a vehicle inspection and the resale value of your vehicle. So the better shape your car or motorcycle is in, the better your chances of getting a decent amount of money to handle your big, stressful emergencies.

What Do I Need To Bring?

Like I mentioned, there are necessary items you have to bring in to finish the process. We don’t make you bring in piles of documents that are hard to dig up and organize; but we do ask for you to bring in three things. Those three necessary items are:

  • Your driver’s license or state-issued photo ID that states you are 18 or over.
  • Your lien-free vehicle title that is in your name. Lien-free means your title is free of any prior loans or judgments.
  • Your vehicle that matches your title. When you arrive, we will conduct a vehicle inspection to determine how much you qualify for.

title loan companies form

Now Get Started For Your Next Title Loan

So you see, it really is that easy to get a title loan. Whether you are completely new at this or have dealt with title loans in the past, understanding what they are and how you go about getting them is simple and quick to grasp. The next time you are dealing with an emergency that is putting a strain on your finances, there is no reason why you should be dealing with it alone or slipping deeper into a financial struggle. Our title loan companies are here to help you ease that burden a little bit. You can always go with traditional loans but you need to know everything you can about title loans in order to make a decision. And if you do decide to go the title loan route, you can easily get started whenever you are ready.