What Do You Need For A Title Loan In Alabama?

Daniel Joelson

Daniel Joelson

Total Posts: 583

Published Date: April 6, 2023

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.

What Is Needed For A Car Title Loan In Alabama

You might be wondering what do you need for a title loan in Alabama. The most important qualifying factor is that you must have a vehicle that has enough equity in it because, without a qualifying vehicle, we will not be able to help you.

If you have a vehicle that has the equity requirement, then you will also need to be able to show that you will be able to make the monthly payments, so we will need to see your proof of income.

Without the proof of income, we will not be able to get you approved, because the last thing the lender wants to do is to give title loans in Alabama to people who can’t afford to pay them back.

You must also have the title of your vehicle in your name, with no other lienholder on the title. With car title loans in Alabama, the vehicle title is used as the collateral on the loan.

Things You Will Need for Alabama Title Loans

The lender will add their name to the title as the new lien holder so that their interest in the vehicle is secure, so if you default on the title loan in Alabama, the lender will be able to sell the vehicle in the auction.

You will need to provide the lender with detailed photos of your vehicle, and all the sides of the car, and if there is any damage, the lender will ask for more detailed shots of the damage. The lender will also need a photo of the odometer reading.

You will need to provide your insurance for the vehicle, and the lender will be added to the policy as the loss payee, so just in case the vehicle gets into an accident, their equity will be covered by your insurance.

Personal references will also be required, full names, addresses, and phone numbers will be needed, and one of the references will need to be a family member.

This is how Alabama title loans work, the lender will make sure that you are providing them with all of the information, and they will make sure that you will be able to afford the monthly payments.

What do you need for a title loan in Alabama
What you need for a title loan in Alabama

Requirements For Title Loans in Alabama

Here is the list of the requirements that you will need to qualify for an Alabama title loan:

  1. The title will need to be in your name, if it is not in your neat you will need to transfer it into your name, it can take up to 30 days for you to receive the new title.
  2. Monthly income is a deciding factor with it comes to the amount of money that you will get with your title loan.
  3. For your vehicle inspection, all you will need to do is to submit some photos of your vehicle, we will need the interior, and the exterior, as well as the mileage on the vehicle.
  4. For your proof of your residence, you will need to provide a current utility bill that is in your name, that goes to your home address.
  5. Drivers license.
  6. Automobile insurance.
  7. Five personal references.

With these basic requirements, you will be able to know what you will need to get an online title loan in Alabama, so do not hesitate to contact us, we are here to help you to get the money that you need, with the equity that you have in your car.

Conclusion On What You Need To Qualify For Alabama Auto Title Loans

To qualify for Alabam auto title loans is not difficult as long as you have the equity value in your car, and the income to support the loan.

Supplying the lender with the basic requirements is not difficult, and should be easy for you to supply them. There are many different auto title loan locations in Alabama, and we can help you to select the right location for you.

Contact TFC Title Loans today, and let us help you to get the right Alabama title loan for you, one that will work with you, and not against you, call now or you can apply online.

 

 

 

 

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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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