How Title Loans Can Be A Reliable Solution For Your Financial Needs

You may not know this but when you own your vehicle outright, you have a reliable solution for financial issues that present in the course of life. You can leverage the equity in your vehicle by applying for title loans.

Sometimes, our financial needs outweigh our income. Nevada Title and Payday Loans, Inc. offers title loans that can help you manage unexpected expenses by backing borrowed funds with your vehicle's title. You'll need a lien-free title in your name for your vehicle to qualify for a title loan. There's no lengthy process or long wait time for approval. Title loans can be a reliable and fast solution.

When your financial needs increase but your income doesn't, you can get help from Nevada Title and Payday Loans, Inc. Let's read on to find out how.

Is It Easy To Qualify For A Title Loan?

It seems like loans take a lot of time to get approved. But it's not true for all types of loans. 

Title loans are quite easy to qualify for. You just have to own your vehicle outright. You have to have the title in your possession without any other loans or liens against it. The title also must be in your name.

If your title isn't officially in your name, as in the case when you purchase a vehicle from another individual who signs the title over to you, you'll need to visit your DMV to get the title switched over into your name. 

Can I Qualify With Bad Credit?

You can even qualify with bad credit or no credit. This type of loan is backed by your vehicle's value as collateral. Your credit isn't a factor in the approval decision. You don't even have to have your credit established. 

What Do I Need To Qualify For A Title Loan?

You're not required to have much for a title loan approval. We mentioned above, the most important piece is the clear title in your name. The loan specialist will review this document during a face-to-face meeting.

You'll also need a driver's license or state-issued ID. This is your proof of identity. 

Finally, you'll need to present your vehicle to an inspecting agent so they may look over the condition of your vehicle. This inspection is how the vehicle's value is determined. 

How Much Can I Count On Getting On A Title Loan?

In Nevada, you're allowed to borrow up to $15,000 against the title to your vehicle. That is just the maximum though. It doesn't mean that's what you'll get approved for. 

You shouldn't apply for anything more than what you need to help with your financial discomfort. While a title loan is a reliable solution, you want to continue to have it there should you need it. That means you should take what you need, pay it back in the time agreed upon, and then it's there for the next time you need extra cash. 

Another factor here is the approval is based on the value of your vehicle. The value is determined by the make and model, as well as the age of your vehicle. The inspector also looks at the condition of your vehicle.

How Can I Apply For A Title Loan?

Our loan process is easy. You have a few options for getting things started. First, you can go to our homepage and fill out the inquiry form to request contact. Someone will call you shortly after your inquiry is received.

You can also pick up the phone and call us. The representative you speak to will get your loan request started over the phone before scheduling an in-person meeting with you at your nearest Nevada Title and Payday Loans, Inc. store location.

Your final option is to simply stop into one of our physical stores. You can finish your whole process right then and there as long as you bring all the required items with you. You'll need to show the specialist your title, your ID, and your car.

How Long Until I Get The Cash?

The best part about our process is it doesn't take long. As long as you are approved early enough in the day, you'll have your cash that same day. If it's toward the end of business hours, you'll likely get your cash the next business day.

Wrap It Up

You have a reliable solution for your financial needs if you hold the title to your vehicle and you own it outright. You can borrow money against the value of your car by presenting the title as collateral. 

We can help you stay on track with your bills and other expenses. So, let's talk. Send us an inquiry today. You can submit on this website, give us a call, or just stop by.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.