Can Anyone Get A Title Loan?
Can anyone get a title loan? Not everyone can get a car title loan, there are certain criteria that will need to be provided in order for you to qualify.
You will need to be over 18 years old to be able to get a title loan. If you are under the age of 18 it will not be possible for you to qualify.
You will also need to have a vehicle that has enough equity in it to qualify, in different states, there are different requirements, so the amount of money you can qualify for will depend on where you are living.
How Can Anyone Get A Title Loan?
It is important to have the income to support the title loan, as most lenders will require you to provide your proof of income before they can qualify you.
You will also need to have a driver’s license, this is for your identification, as the lender will need to make sure that your driver’s license matches up.
The car title must also be in your name, if it is not in your name the lender will not be able to help you, you will need to go to your local DMV, to get the title transferred into your name, and then the lender can help you.
You must be able to show that you have a stable residence, you can use a utility bill that is in your name, and that is going to your home address.
Anyone Can Qualify For Title Loans
Anyone can qualify for car title loans, but you must have a qualifying vehicle first, we can help you with different types of vehicles, we can help you with cars, trucks, vans, RVs, motorcycles, SUVs, and even commercial vehicles.
As long as you have the required equity in your vehicle, and the requirements do change from state to state, some states have higher minimum amounts that they can lend.
But with your vehicle equity, and your monthly income, these are the most important qualifying factors, there are a few other documents that you will need to provide. below is the requirements for car title loans.
- A copy of your vehicle title, and it must be in your name. If it is not in your name, you will need to go to your local DMV, and get it transferred be fore we can help you.
- You will need to provide your proof of your monthly income.
- A copy of your drivers license ins needed.
- Detailed photos of your vehicle are needed, they need to show in interior, and the exterior.
- Photo showing the milage of your vehicle.
- A copy of your vehicle insurance.
- Five personal references, with all of the names ,addresses, and phone numbers.
- Your proof of your residence, you can use a utility bill that is in your name, that goes to your home address.
With these basic criteria, you will be able to qualify for a car title loan, but some lenders will ask for more supporting documents, contact us today here at TFC Title loans we qualify more people for title loans.