Quick Answer: What Are The Requirements To Get A Title Loan?

How can I get a title loan online?

Steps to take out a title loan onlineFind your car title.

You’ll typically need a free and clear title.Complete the online application and upload documents.

Wait as the lender reviews your application and appraises your car.

Sign the contract.

Receive money..

How much of a title loan can I get?

How much can you borrow with a title loan? You can usually 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you’re approved for a loan, you’ll give the lender the title to your car.

What do you need to get a title loan from TitleMax?

When applying for a title loan from TitleMax®, you’ll need: Your clear vehicle title. A valid government-issued ID. Other documents that may be required by your state, such as proof of income, proof of residency, or a valid vehicle registration.

Do you need good credit for a title loan?

Similar to a payday loan, a title loan is a short-term loan with few or no credit requirements. Many title lenders don’t even check your credit at all. Unlike an unsecured payday loan, however, title loans are secured by your car or motorcycle title.

Do you have to have a job to get a title loan?

QUALIFICATIONS. Do I Need To Have A Job To Be Approved For a Title Loan or Personal Loan? No, TitleMax does not require you to be currently employed to get a title loan or personal loan. But you do need to have some type of income (unemployment, disability, retirement income, etc).

Does TitleMax do a credit check?

At TitleMax®, a secured auto title loan does not usually require a credit check. All you need is a steady source of income with which you can repay your loan. No matter whether you have poor credit or no credit, you can typically still get a title loan as long as you meet some very easy requirements.

How long before TitleMax takes your car?

Skaar. As soon as you are a day late, they can come and get the car. If you go 30 days late, then the law says that they own the car and you can’t get it back…

Can you get denied for a title loan?

Some of the reasons that may lead to not being qualified for a title loan are: … Your vehicle is registered in a state that doesn’t allow title loans. Your name is not the only one listed on the vehicle title. You do not have the required documents the title loan lender requires.