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Self employed car title loans

We are here to help you get a self-employed car title loan; we will give you all the information you need to get one. We will use the equity you have in your vehicle and your proof of income to get you funded.

With our nationwide car title loan referral network, we will take all the guesswork of getting the right car title loan for you.

Self-Employed Title Loans

  1. What are self-employed car title loans?

Self-employed car title loans are loans given to individuals who own their car outright and can use the car as collateral. 

The loan amount is based on the value of the car, and the borrower typically has up to 24 months to repay the loan. These loans are usually used for emergency expenses or to consolidate other debts.

  1. How do title loans work when you are self-employed?

Car title loans for self-employed people work similarly to regular car title loans, except that the borrower is not required to have a steady job or income.

Instead, the borrower’s car is used as collateral for the loan. The loan amount is based on the car’s value, and the borrower typically has to make monthly payments to repay the loan. If the borrower defaults on the loan, the lender can repossess the car.

  1. What are the benefits of auto title loans for the self-employed?

There are many benefits of auto title loans for self-employed people. One of the main benefits is that you can use your car as collateral to secure the loan, which means you can get a lower interest rate than you would with an unsecured loan.

Additionally, self-employed car title loans can allow you to borrow a more significant amount of money than you could with a personal loan. Another benefit is that you can keep your car while making payments on the loan.
  1. What are the risks of a self-employed car title pawn?

There are many risks associated with taking out a car title pawn loan if you are self-employed. First and foremost, if you cannot make your loan payments on time, you could lose your car. 

In addition, car title loans typically have very high-interest rates, making them difficult to repay. Finally, if you default on your loan, the lender may report the delinquency to the credit bureaus, damaging your credit score.

  1. How much can you borrow with a self-employed car equity loan?

You can still qualify for a car equity loan if you are self-employed. The amount you can borrow will depend on your car’s value and ability to repay the loan. Most lenders will require you to have a steady income and good credit history to qualify for a loan.

  1. How long do you have to repay a self-employed car title loan?

Assuming you are asking in the context of the United States, the answer may vary depending on the state in which you reside. However, most self-employed car title loans must be repaid within 24 months.

Some lenders may give you up to 48 months to repay the loan, but this is typically the maximum. If you cannot repay the loan within the specified time frame, you may be required to roll the loan over, which will result in additional fees.

  1. What happens if you can’t repay a self-employed car collateral loan?

If you can’t repay a self-employed car collateral loan, the lender may try to collect the debt from you through phone calls, emails, letters, or even a personal visit.

  1. Are there any fees associated with title loans for the self-employed?

There are no fees associated with title loans for the self-employed. The only thing you may have to pay is the interest on the loan, which is typically much lower than traditional loans.

  1. What is the interest rate on a self-employed car equity loan?

There is no one answer to this question as it can vary depending on the lender and the individual’s financial situation. However, generally, the interest rate on a self-employed car equity loan is likely to be higher than the interest rate on a traditional car loan from a bank or credit union.

 This is because the lender is taking on more risk by lending to someone who is self-employed and may have a more unstable income.

  1. How do I apply for a self-employed title pawn?

Assuming you would like tips on how to apply for a car title loan as a self-employed individual: The first step is to fill out an application with a lender. 

You will likely need to provide additional documentation to prove your income when you are self-employed. This could include tax returns, bank statements, and financial records.

Conclusion For Self-Employed Car Equity Loans

TFC Title Loans has been helping people use the equity that you have in your vehicle since 1994, we will help you to get the cash you need.

 

Disclosures

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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