Auto Equity Loans for Self-Employed Individuals

Daniel Joelson

Daniel Joelson

Total Posts: 344

Published Date: April 25, 2024

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.

Financial stability can sometimes be a challenge for self-employed individuals, especially when unexpected expenses arise. There is a solution that can provide the necessary financial flexibility: auto equity loans. TFC Title Loans offers auto equity loans tailored specifically to the needs of self-employed individuals because we understand their unique circumstances.

Benefits of Auto Equity Loans for Self-Employed People

Auto equity loans use the equity in the borrower’s car as collateral. This means that even if you are self-employed with bad credit, you can still be approved for a loan based on your car’s value. For self-employed individuals, auto equity loans offer several benefits:

  • Access to Quick Funds: Auto equity loans provide a fast and fast way to access funds, allowing self-employed people to address urgent financial needs, invest in their businesses, or manage personal expenses.
  • No Credit: Unlike traditional loans that heavily rely on credit scores, you can get bad credit auto equity loans primarily consider the value of the vehicle. This means self-employed individuals with bad credit may still qualify for a loan based on their car’s equity. Borrowers can keep their vehicle while making loan payments, enabling them to continue operating their businesses.
Auto Equity Loans for Self-Employed Individuals
Auto Equity Loans for Self-Employed Individuals

How Auto Equity Loans Work for Self-Employed Borrowers

Getting an auto equity loan is straightforward for self-employed borrowers. You will need to submit specific documentation, including:

  • Identification: Current driver’s license or official identification.
  • Car Title: Proof of ownership of the vehicle.
  • Income Verification: Bank statements, tax returns, or other financial documents demonstrating your self-employment income.
  • Insurance and Registration: Current proof of insurance and vehicle registration papers.

Auto Equity Loans for Self-Employed Individuals: Reaping the Benefits

Self-employed individuals who take out auto equity loans can enjoy several advantages :

  • Streamlined Approval Process: Auto equity loans offer a simplified approval process, allowing self-employed borrowers to quickly access funds and address their financial needs.
  • Opportunities for Business Investment: Auto equity loans can be used to invest in business growth, whether for new equipment, increased production, or marketing campaigns.
  • Potential for Credit Score Improvement: Making prompt loan payments can help improve self-employed borrowers’ credit scores over time, opening doors to better financial opportunities and future borrowing power.

Final Thought About Self Employed Title Loans

Using auto equity loans empowers self-employed individuals to access valuable financial resources, providing the flexibility needed to navigate the challenges of entrepreneurship.

At TFC Title Loans, we specialize in helping borrowers with bad credit, including self-employed individuals, in leveraging their vehicle’s equity.

Contact us to explore the possibilities of auto equity loans and how they can support your professional and personal development. Reach out to TFC Title Loans today to discover how we can help you realize your financial potential, we will be your title loan broker.

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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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