girl pointing to title loan cash

Can I Get Title Loans With No Job?

Don't have a job but still need a loan? There are two ways to get loans if you don’t have a job: submit documents that prove you have good credit and alternative sources of income or get title loans with no job requirements for approval. Let’s go into the pros and cons of each.

Many banks will deny a personal loan application if you can’t show proof of employment, or if your source of income doesn’t meet their criteria of “a stable job.” Here are options if you’re in the middle of a financial emergency and don't have a job.

Getting Title Loans With No Job

If you are unemployed or have a non-traditional source of income, it is much easier to get emergency cash through title loans.

Title loans are secured loans, which means that they are approved if you can provide some form of security or collateral. In this case, the collateral is the vehicle title.

Using the vehicle title does not mean that you physically surrender your car. Instead, a lien or legal claim is placed on the title until the loan is paid off. During this time, you can’t sell your car or use it as collateral for another loan.

You can apply for title loans with no job or even with a bad credit score. That makes it a lot easier for anyone to apply, and much faster to get approval and raise emergency cash.

Getting Bank Loans With No Job

Banks may consider your loan application if you have a high credit score and can prove that you have other financial assets or sources of income—but be prepared for a very lengthy and complicated process.

Your credit score will be the biggest determining factor for approval. You will need a score of 610 to 640, and a solid track record of paying debt on time. Any history of being late for payment for more than 30 days can disqualify you from the loan.

Aside from your credit score, you will need to submit documents that you have a reliable source of alternative income. They may consider:

  • Benefit payments such as Social Security, pension, disability, Veterans Affairs, or retirement
  • Regular proceeds from a trust
  • Alimony or child support
  • Government assistance
  • Recurring dividends from stocks

If you do not have a job and rely on your partner or spouse, then you may submit proof of their income. However, they have to be willing to co-sign the loan.

Finally, they may be willing to approve the loan if you have substantial savings, or are expecting some form of windfall—such as inheritance, or the proceeds of the sale of real estate, stocks, securities or any other kind of investment.  

man with no job needs car title loan

How To Get Title Loans With No Job

You’re interested in getting a title loan, but you’re not sure how to go about it or if you qualify. Here’s what you need to know.

Am I Eligible For Title Loans?

You can apply for title loans even if you don't have a job, have a bad credit score, or have not yet been able to establish a long credit history because you've never taken out a loan before.

You just need to be the registered owner of a vehicle with a lien-free title. That means that it is not currently being used as collateral for another loan, and there are no judgments against it. The vehicle must also be owned outright. 

If you are not the registered owner, you can go to the DMV to have the title transferred to you. 

What Are The Requirements?

Unlike bank loans which need all sorts of documents and forms, title loans with no job only have three requirements: a lien-free vehicle title, a government-issued ID, and a vehicle for inspection to determine the loan amount you qualify for.

shaking hands with title loan rep after approved

What Is The Fastest Way To Get Title Loans With No Job?

If you need to raise cash ASAP, Nevada Title and Payday Loans, Inc. can help. You can begin your request online and then head to one of our branches for final processing—a step that takes less than 30 minutes.

First, fill out the online inquiry form. One of our loan representatives will immediately call you back to set up a time to meet and personally walk you through the process and address any of your concerns.  Then, just go to the branch. Remember to bring your vehicle title, ID, and vehicle.

At the branch, a representative will verify your ID and title, and then inspect your car to find out its market value and the loan amount you qualify for. If you agree to the loan terms, all that's left to do is to sign a few final documents and you’re done!

Once the loan is approved, you will get your cash that very day, unless you have exceeded the cut-off time, in which case you will get it on the next business day. It’s the fastest way to get title loans with no job!

Get Started Now

With the help of Nevada Title and Payday Loans, Inc., you can access the fast title loan cash you need to address any financial emergency you are facing.

Ready to raise emergency cash today? Fill out the online form to start your loan request now.

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.