What Title Loan Requirements Are Needed To Qualify For Fast Cash
Unlike other types of loans, title loans requirements are a breath of fresh air for many borrowers searching for emergency help. If you need a fast cash title loan, you can apply with three simple items:
- A state-issued I.D.
- The lien-free vehicle title
- Your vehicle for inspection
Got all three? Then you’re ready and able to apply for up to $15,000 in fast cash through one of our title loans at Nevada Title and Payday Loans, Inc. The request process can be done in under an hour and, if approved, you could get your cash the same day or the following business day.
Let’s break it down a bit further to give you the information you need.
The Three Title Loan Requirements Needed To Qualify
Banks, credit unions, and other traditional lenders make borrowers jump through hoops just to apply for a personal loan. Many times, you have to show proof of income, a high credit score, a bank account with direct deposit, and a myriad of other requirements that cause a headache.
We got tired of the hurdles and created a straightforward process to qualify for loans when you need them the most. If you can check off these three simple items, you can start your loan request today.
1. State I.D.
Only those over 18 can apply for title loans in Nevada. You’ll prove your residence and age by showing your up-to-date NV state-issued I.D. Most of the time, our customers provide their license, although a non-driving I.D. or even a passport may also be accepted.
If you’ve recently moved or changed your legal name, be sure to update this on your I.D. and documents before getting started. This will avoid any paperwork hiccups and make sure your request is processed in record time.
2. A Lien-Free Car Title
To clarify, title loans are only available to those who own their car outright. This means you can’t owe payments on it or have any liens on it from other entities. Perhaps the most important of the title loans requirements is presenting your lien-free car title.
For example, if you still owe money on the car to the dealership or if you took out another title loan in the past that hasn’t been paid off, your car will have a lien on it. This lien means the car could be collected by a lender if you fail to pay off your debt.
Only once your debt has been paid in full will your title be cleared. Usually, the lender will release the lien, which means the lien will be legally removed. This may be done electronically or on paper through your local Department of Motor Vehicles (DMV).
If you have lost your original title, contact the DMV to request a copy.
3. Your Car For Inspection
One of the final steps in title loans requirements is presenting your car for a quick inspection. This inspection will help determine your loan amount. We consider things like your car’s year, make, model, mileage, and overall condition. The loan amount you qualify for will also consider your financial needs and situation.
What You Don’t Need For Title Loans
While other lenders may prioritize them, don’tworry about any of the following when considering title loans requirements in NV.
At Nevada Title and Payday Loans, Inc., we believe that everyone deserves a chance to get their finances in order. If you are still building or repairing your credit from past occurrences, you can feel confident when applying for a fast cash title loan from us. We accept title loan requests from all credit backgrounds.
A Bank Account
We will not ask to see a minimum balance, direct deposit setup, or any other information from your bank account. If you don’t have a bank account, to begin with, you are still eligible to apply for a fast cash title loan.
To Give Up Your Car
The word collateral could bring up fear in some people, but we are here to clarify the myths. When you get a title loan through Nevada Title and Payday Loans, Inc., you can keep your car during the length of the loan and use it as you normally would. The car would only leave your possession if you fail to repay the loan as agreed upon.
You Meet The Requirements, Now Get Your Cash!
Our title loans requirements are straightforward and help thousands of people get the cash they need for life's emergencies. Do you have your I.D., car, and title ready? Then now is the time to fill out our online form to get started on your fast cash title loan request.
Once you fill out the form, we’ll get in touch with you to help you through the title loan process. The best part is that you can begin right from the comfort of your home in one afternoon. Don’t delay – up to $15,000 is waiting for you today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.