Can I Get A Title Loan Without A Clear Title?

Daniel Joelson

Daniel Joelson

Total Posts: 508

Published Date: May 25, 2022

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Can you get a title loan without a clear title is often asked of us. If you do not have a clear title because you already have a lienholder on it, then you will not be able to get an affordable car title loan.

You must have a clear title, with no other lienholders on it for you to qualify, if you have paid off your previous loan, and the bank or finance company has sent you the title back with their stamp on it and signed off on the title, then you are fine.

A singened-off title with the company stamp even though you have not gone to the DMV to remove their name from the title is fine, that is considered a clear title.

Title Loans With Title Not In Your Name

If your title is not in your name yet because you have not gone to the DMV, you will still be able to get a title loan with it, but you will need to transfer the title into your name, even if you have a salvage title.

To qualify for auto title loans, you must have a clear title, and it needs to be in your name, as you are going to use the equity that you have in your vehicle, to get the cash that you need.

Using your vehicle equity the car title loan company will add their name to the title as they will hold the title as the collateral, so a clear title is needed for them to be added as lienholder.

Transfer The Title To Your Name

When the title is not in your name, but you have the bill of sale and the title signed over to you, it is not legally yours until you fully transfer the car into your name.

The process is easy for you to transfer the title into your name, you will need to take the documentation to the DMV, and submit your paperwork, you will need to pay the transfer fees, and the taxes.

Getting the new title, will depend on what state you live in, but it will usually take up to 30 days for you to receive the new title in the mail.

With the new title in your name, you will be able to apply and get your auto title loan, so the clean title, the car title loan company can complete the funding by adding their name to your title.

Lost Title And Title Loans

If you have lost your title to your car, and you want to get an auto title loan, you cannot get one without a title, so you will have to go to the DMV, and apply for a duplicate title.

Replacing a lost title is easy with the duplicate application, you will need to provide your driver’s license at the DMV, to prove ownership of your car.

With the registration in your name, filling out the replacement title application is easy, and you will have to pay the fees that the DMV will charge you.

How Can I Get A Equity Title Loan?

Getting an equity title loan is easy, and you can do the whole application online. to see if your car will qualify you will need to provide the year, the make, and the model of your car and most title loan companies will use the Kelly Blue Book to see the wholesale value of your vehicle, and they will give you a percentage of the wholesale.

If there is enough equity in your vehicle then you will be preapproved for your auto equity title loan, and your title must be in your name to get the money.

Items Needed For A Title Loan

The most important items for an auto title loan are that you have enough equity in your vehicle, you must show that you have enough income to support the title loan, and you have to have the title of your car in your name.

You can get a title loan without a vehicle inspection, all you have to do is to send over detailed photos of your car, with a photo of the VIN number, and the odometer reading

If the title is not in your name, then you will need to go to the DMV to do the transfer, to get it into your name.

The title must also be clear, so there cannot be any outstanding liens on the title from any other financial institution.

Getting A Car Tite loan With No Title

For getting a car title loan, you must have the title to your vehicle in your name, for you to use the equity that you have.

If the title is not in your name, the transfer process is easy with the replacement application form at the DMV, or the duplicate application.

Once you have the title of your vehicle in your name we will be able to help you with a title loan, no matter where you are living.

TFC Title Loans has the largest network of referral title loan companies, and we will get you the most money, at the lowest interest rate, contact us today, we are open 7 days a week.

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DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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