Emergency Title Loans

What are Emergency Title Loans and How Do They Work?

When you’re hit with an unexpected expense, having access to financial help is essential. Emergency title loans are a type of secured loan that can provide you with quick access to cash when you need it most. Whether you have unpaid medical bills, car repairs, or other unforeseen expenses, emergency title loans can be a lifeline. In order to qualify for a quick car title loan, you must use the title of your car as collateral for the loan.¹

Because you are borrowing against the value of your vehicle through an emergency title loan, you may want to know what happens to your car after you qualify for a car title loan. Once you sign the loan agreement and the loan is complete, a title lender will place a lien on your car title. The lien is removed after the loan is completely repaid, but driving your vehicle while paying off your loan is possible.¹

During the application process, the overall value of your vehicle and your income are some of the most important factors used by title lenders to determine your eligibility. The loan amount you can be eligible for through an emergency car title loan will also be highly influenced by these two factors. If you don’t know what your vehicle is currently worth, then you can use LoanMart’s title loan questionnaire to get a vehicle value estimate and a loan quote with no obligation!¹ Simply enter some basic information about yourself and your vehicle into the tool, and you can get an estimate in no time at all!^{1 3}

If you qualify for an auto title loan serviced by LoanMart, you can skip the hassle of traditional personal loans and get your emergency money in as little as 24 hours.^{1 3} One of the biggest benefits of applying for a car title loan is that, unlike unsecured personal loans, you don’t need a perfect credit history to apply! Title loan lenders will still review your financial history, but the focus of your application will be on the following factors:¹

• Your Ability to Repay an Emergency Title Loan
• The Amount of Positive Equity in Your Vehicle

Here at LoanMart, we understand the urgency of your financial needs. That’s why you can expect a simple and flexible online application process when applying for a quick title loan! The online pre-approval form may only take a few minutes to complete, and if you’re eligible, you can access your title loan money as soon as the next business day. So, why wait to see if you qualify for quick funding? Dial 855-422-7412 to get started or ask a title loan agent any title loan-related questions you may have, such as “Where should you keep your car title?”^{1 3}

How Do I Apply for an Emergency Title Loan?

Getting an emergency title loan is often simple and fast. Still, you will need to meet the following title loan requirements to get the funds you need for an unexpected bill or expense:¹

1. Age Requirement: Applicants must be of legal age to apply and qualify for an emergency title loan.¹
2. Income Requirement: Your income is a huge factor that a lender will consider throughout your loan application. Although you don’t need a traditional job to apply for a title loan, you will need proof of a steady source of income!¹
3. Vehicle Requirement: To obtain approval for an emergency title loan, you will need a car, truck, or SUV with a qualifying amount of positive equity. Remember, your vehicle’s value and your income are the main factors that a title lender will use during the application process to determine your eligibility and total loan amount.¹

During the first step of your title loan application, you will fill out a short prequalification form and answer a few questions about your vehicle. Upon initial approval for an emergency title loan, you will be asked to upload several documents online. These documents can help LoanMart title loan agents verify your information and speed up the application process! If you’re applying for a title loan and need fast cash, it’s smart to gather the necessary paperwork ahead of time.³

While the exact documents can vary from state to state, you can expect to need the following paperwork to apply for an emergency car title loan:¹

Call Our Team

Take the first step and call our toll-free hotline to speak with a specialist.

855-422-7412

A Vehicle Title in Your Name

To pledge a car title as collateral for a title loan, you need to prove that you are the legal owner of the vehicle. If your car title doesn’t meet that requirement, meaning that the vehicle title is not in your name, then you can head to the nearest Department of Motor Vehicles (DMV) office and request a title transfer. If your vehicle has a branded title, like a salvage or rebuilt title, you can still apply for a title loan.¹

Proof of Income 

You can demonstrate your ability to repay an emergency title loan by showing recent pay stubs, bank statements, disability income award letters, or other qualifying documents. 

Proof of Current Residence

A variety of documents can be used to verify your current address. Some examples include recent utility bills, lease agreements, credit card statements, phone bills, mortgage statements, etc. Dial 855-422-7412 if you have any questions about the documents that are accepted as proof of address for emergency title loans.

Recent Photos of Your Car

You must go through a vehicle inspection in order to be eligible for a title loan. While getting emergency title loans with no inspection is impossible, you can complete a virtual examination when applying for a car title loan serviced by LoanMart! Just use your smartphone to take pictures of your car’s front, rear, sides, odometer reading, and Vehicle Identification Number (VIN). Upload your images online, send them via email, or text them to a title loan agent from LoanMart as soon as they’re ready.

Proof of Valid Identification

To prove your identity and age to a title loan representative, you must submit a valid, government-issued photo ID during your application. Choose to submit a U.S. passport, driver’s license, or a permanent resident card. 

With LoanMart, you can expect title loan agents to assist you at every step of your loan application. Applying for emergency title loans is meant to be fast and easy! To get started, just fill out a short form online or call 855-422-7412 to speak to a title loan agent directly. If you are pre-approved, you can conveniently upload the documents required for title loans online or send them to a title loan agent via email or text message! Once your paperwork is reviewed for completeness by our team, you can find out if you are finally approved for the loan. Then, you can choose how to get your funds and sign your electronic loan agreement. If you qualify for an emergency title loan, you can access the quick cash you need in as little as one business day!^{1 3}

Why Choose Emergency Car Title Loans Serviced by LoanMart?

With LoanMart, some qualified applicants can receive their quick funding the same day they apply!^{1 3}

Here are a few additional reasons why auto title loans serviced by LoanMart can be a resourceful option to consider when you need emergency funding:¹

Quick and Convenient Application Process

With emergency title loans serviced by LoanMart, you don’t have to leave your home to apply for the fast money you need. Finding guaranteed approval for auto title loans will be difficult. But you can apply for a title loan serviced by LoanMart online and see if you’re eligible for instant pre-approval now! From start to finish, you can expect a convenient, fast, and flexible application process.^{1 3}

Flexible Repayment Options

Here at LoanMart, we understand that everyone has different preferences for how they like to make payments on their loans. If you qualify for a title loan serviced by LoanMart, you can choose from various payment options, including setting up automatic payments, paying online through the online portal, paying by phone, or visiting a money transfer location nearby to pay in person.

Transparent Terms and Conditions

By choosing emergency title loans serviced by LoanMart, you can expect a transparent application process with zero surprises and no hidden fees. From the very beginning, you can work closely with a LoanMart title loan agent to understand your loan terms, loan amount, and repayment schedule.^{1 5}

Don’t hesitate to apply for the funds you need to handle your financial situation! If you qualify for an auto title loan serviced by LoanMart, you could receive quick funding in as little as 24 hours!^{1 3} Call 855-422-7412 if you have any questions about the application process, such as “Do I need a credit check to get a car title loan for an emergency expense?” 

What Can I Use My Emergency Title Loan Money on?

Unlike some secured loan options, such as auto loans, where the funds you borrow can only be used to finance a car, you can use your title loan funds to take care of any large expense or financial need you have! Additionally, an emergency title loan helps you access your money quickly, so you don’t waste any time handling an unexpected expense. Take a look at examples of some common financial emergencies and how you can use funds from an auto title loan to handle these situations:^{1 3}

• Covering Unexpected Medical Bills: According to the Centers for Disease Control and Prevention (CDC), 27 million Americans did not have health insurance in 2022. If you’re in that demographic and have an unexpected medical emergency, you could end up with a hefty bill at the doctor’s office! Fortunately, with a car title loan, you can pledge your vehicle as collateral for the loan and get emergency cash to take care of your medical bills.¹
• Paying Off Urgent Expenses: When facing unexpected expenses, it is important to take care of them quickly to avoid any negative consequences. An emergency title loan can help you access quick funding to pay these bills, giving you peace of mind and helping you stay on your feet.¹
• Handling Car Repairs: Car troubles can be a major inconvenience, especially if you rely on your vehicle for daily transportation. Whether it’s unexpected issues at the mechanic or emergencies on the road, an emergency car title loan can help you cover the cost of repairing your vehicle.
• Rent Payments: Are you behind on your rent because of a financial emergency? If you qualify for a title loan serviced by LoanMart, you can use your money to cover rent this month and get back on your feet!¹
• Veterinarian Bills: Many people love their pets like family, but covering unexpected veterinary bills can be difficult. Fortunately, with an emergency title loan, you can get some extra cash to pay for your pet’s treatment or surgery! 

There are a number of ways to spend your title loan money. Whether you’re trying to pay rent this month, take care of an unexpected expense, or arrange a funeral, you could use your quick funding to handle a variety of financial emergencies.³ Call a title loan agent from LoanMart today at 855-422-7412 and apply for the cash you need!¹

What are Some Frequently Asked Questions About Emergency Title Loans?

Do you have any questions about getting emergency car title loans? Before you apply for funding, it’s important to access all the information you need to make an informed decision. Here are some answers to frequently asked questions about applying for emergency title loans:¹

What Happens if I Don’t Repay a Title Loan on Time?

Borrowers who default on their title loans can, unfortunately, have their vehicles repossessed. Before this happens, however, LoanMart will make several attempts to contact you through letters, email, or by phone after you miss a payment in order to resolve the situation and work with you to move forward with your loan. If the past due amount is not taken care of by a specified due date, then a late fee may be assessed, and the loan will continue to accrue interest. Not responding to these attempts to contact you and refusing to resolve your late payments can ultimately result in your vehicle being repossessed. If your loan payments become unmanageable at any point during the repayment process, it is important to communicate your financial issues with LoanMart. Make sure to reach out to your title loan agent before defaulting on your loan.  

Will an Emergency Title Loan Affect My Credit Score?

Like many other loan options, title loans have the potential to positively or negatively affect your credit score if your title lender or loan servicer reports your payment behavior to one or more of the major credit bureaus. If you default on your loan, that can negatively affect your credit score. However, you can positively impact your credit score by making timely payments and keeping your loan in good standing! LoanMart will report your payment behavior to one of the major credit bureaus. 

Can I Get an Emergency Car Title Loan with Bad Credit?

Yes, you can apply for emergency car title loans with bad credit! Secured loans are typically much more flexible than unsecured loans because collateral is used to guarantee the loan. So, even if your credit score isn’t perfect, you could still qualify for an auto title loan serviced by LoanMart and get the quick funding you need!^{1 3}

How Much Money Can I Borrow Through an Auto Title Loan?

The loan amount you could get through a title loan serviced by LoanMart will mainly depend on the value of your vehicle, your state of residence, and your ability to repay the loan. Generally, you could get anywhere from 25% to 50% of your vehicle’s total value if you qualify for an emergency title loan.¹

How Long Does It Take to Get an Emergency Title Loan?

It’s understandable to ask this question if you’re struggling with a financial emergency. You don’t have any time to waste, so you need a loan option that can keep up with you! Fortunately, with a car title loan serviced by LoanMart, you can get your money in as little as one business day if you qualify. Some qualified applicants can receive funding the same day they apply!^{1 3}

Visit our FAQ page if you have any more questions about emergency car title loans. Or, dial 855-422-7412 if you prefer to speak with a title loan representative from LoanMart. One of the many benefits of applying for a title loan serviced by LoanMart is that our title loan agents are available six days a week to answer your questions and walk you through the application process!¹

Tips for Responsible Title Loan Borrowing

As you may know, getting a loan is a huge financial responsibility. Before you apply for a title loan, you should consider the following tips to help you make informed decisions from the very beginning: 

• Evaluate Your Financial Situation: You must review your financial situation before applying for an emergency title loan. The reason why is that many applicants tend to make the mistake of taking out loans without considering their recurring expenses and current financial situation. Review your income and monthly expenses to determine whether you can reasonably fit a title loan payment into your budget.
• Only Borrow What You Need: It can be tempting to borrow more than you need, especially when you’re struggling with an unexpected financial emergency. However, it is essential to only borrow what is necessary to handle your current financial crisis.
• Stay on Top of Your Monthly Payments: Don’t forget that defaulting on your title loan can potentially have serious consequences. While most title lenders prefer to avoid vehicle repossessions, it is essential to prioritize repaying your loan on time! Try to create a repayment plan and an airtight budget before you submit your application.
• Pay Your Title Loan Early if You Can: If you qualify for an auto title loan serviced by LoanMart, you can pay off your loan early without worrying about any prepayment penalties! As long as you have the means to repay your loan early, you are encouraged to do so. 
• Don’t Be Afraid to Ask Questions: If you have any questions during the repayment process, don’t hesitate to contact LoanMart for assistance. It’s better to communicate your issues as quickly as possible before you potentially end up in an alarming situation. Thankfully, title loan agents from LoanMart are available six days a week for extended hours to take your call and answer your questions. Don’t be afraid to dial 855-422-7412 whenever you need help with your title loan! 

Are you ready to see if you can qualify for fast money to handle a financial emergency? Don’t wait to get started! If you’re eligible for an emergency title loan serviced by LoanMart, you can obtain your funding as soon as the next business day!^{1 3}

Submit a short inquiry form online or call 855-422-7412 to learn more about the application process for emergency car title loans. Apply online or over the phone and find out if you qualify for instant pre-approval today!^{1 3}