What Do You Need for a Title Loan?

Daniel Joelson

Daniel Joelson

Total Posts: 579

Published Date: December 1, 2021

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.

Getting A Title Loan

You might be wondering what do you need for a title loan. We are going to break it down for you, but the most important thing that you will need is a vehicle that has enough equity in it.

As long as you have a vehicle that has enough equity to qualify with us, we will be able to help you.

What is a Title Loan?

⦁    A loan that uses the borrower’s assets as collateral with the Kelly Blue Book.
⦁    They are related to subprime loaning as they regularly comprise of high-interest rates and debtors who have poor credit history are allowed to borrow.
⦁    The loans are mostly taken on by people who need the cash fast or those in financial difficulties. 
⦁    The most known loan is a car title loan where the car is the collateral.

Just like other loans, a title loan needs requirements for the loan to be approved. This article will give you tips on what you need for a title loan. 
Here is what you need. 

How Do I Get A Title Loan?

If you are wondering how to get a title loan, it is easy as long as you have the required equity in your vehicle, with the equity of your vehicle, we will get you the cash that you need.

What Do I Need For A Title Loan?

What you need for a title loan is simple, you have to have equity in your vehicle, plus you must have the income to support the title loan payments.

 Personal Information

  • Your name
  • Signature
  •  Address
  • Phone Number
  • Date of Birth ( D.O.B)

For you to get the request for the loan approved you need to give out your personal information like your national identity and also the certificate of the asset so that they can approve whether it is you and also the certificate is important because just in case you fail to pay them the company won’t experience a loss for your assets will be as collateral. This also checks if you have attained the government age limit of an adult. Suppose the lender assumes the age that’s required he/she will be doing that at their own risk for the government doesn’t tolerate such. So for you to get a title loan without serious consequences ahead make sure you are of the right age (18+).

Requirements For Title Loans

Before requesting a loan, ensure that the documents standing in for the item loan are original. The lender will be able to distinguish between an original and a fake document. For instance, you place your car as collateral you need.
⦁    An original registration document (V5) that shows your name.
⦁    Hire or Lease Document reflecting your name. 
⦁    An original sales invoice from the dealer, showing the vehicle’s registration number of the car with your name. 
⦁    Insurance certificate confirming that you are the driver.

Vehicle Equity As Collateral

Collateral is an item that is valuable used in securing a loan. It reduces the possibility of the lender losing their money. When a borrower fails to pay the loan as agreed, the lender, therefore, is allowed to take the item that was used in securing the loan and sell it to replace the money that was taken. There are common types of collateral that can be used to secure a loan such as:-
⦁    Your Home
⦁    Your car title

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan near me, we are able to help you with our large referral network.

All of our referral partners are in compliance with the CFPB.

Whether you have bills to pay or dealing with unpredicted expenditures, a title loan might be just what you need. The approval process is fast; your credit score can’t affect your loan processing. Though the loan interest is high, it saves since it takes a short while to get your loan approved, unlike other loans that you might wait for months to get approved, and sometimes it doesn’t get approved even after the long wait. The extra cash is just what you need to kick out that unnecessary stress level and give your peace of mind.

Contact us today or call us at 844-242-3543 to learn more about Car Title Loans. 

 

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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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