Where Can I Find Guaranteed Title Loan Approval?

Get a Guarantee of Title Loan Approval¹

If you are interested in obtaining emergency money through loans, you may have heard that some lenders guarantee title loan approval. The requirements for approval are dependent on the type of loan you choose, as some may require collateral and others not.

Title loans are a secure loan option that offer flexible qualification requirements. With less strict requirements, that means more people in need of financial support could be approved for funding.

What Are the Loan Options with Guarantee of Approval?

If you are looking for a loan, and want guaranteed approval, there are a few options that usually always come with high approval rates.

Here are a few funding options to consider:

• Title Loans — Title loans are a type of loan that is secured by the equity of the borrower’s car. Most title loan options will let a borrower keep and drive their car while repaying the loan. While guaranteed title loan approval isn’t always an option, if you have a qualifying vehicle title and proof of income, you may be immediately approved.¹
• Payday Loans — Payday loans are a type of loan that is secured using the borrower’s paycheck. These loans last an average of two to four weeks and usually only provide a few hundred dollars. Some payday loans may ask for one-time access to a primary checking account in order to automatically collect the amount due on the due date.
• Secured Personal Loans — A personal loan can be used for a variety of different reasons and come with all kinds of differing terms. When a personal loan is “secured,” it involves an asset as an added security measure.
• Prepaid Credit Card — A prepaid credit card is exactly what it sounds like. A borrower must deposit a certain amount of funding to borrow. Some loans may allow a borrower to take out more money than they put in. Prepaid credit cards are generally used for building or improving credit but may be a viable funding option for those with bad credit.
• Home Equity Loans — Home equity loans involve the borrower’s home as an asset. Because the value of a home can be such a large amount, a borrower may be able to get a large amount of funding. Due to the high loan values, home equity loans tend to have longer repayment terms than other loans.

Why Car Title Loans May Be the Better Alternative

Depending on your car title loan lender, your credit report may be reviewed to determine if you have bad credit. But don’t worry about receiving guaranteed title loan approval if you have poor or no credit. In fact, for the most part, car title loan lenders approve a variety of consumers with most kinds of credit¹.

Here are some reasons why it is possible to get a loan with bad credit:

• By using something of value such as a car to secure your loan and reducing the risks to the lenders it is possible to get the help you need even if you have bad credit.
• Bad credit doesn’t have to determine whether one qualifies to get a car title loan or not. That is because while a poor credit rating possesses a greater risk to the lender, the equity of your car, as well as your ability to pay the loan, mitigates against those risks.
• The approval of a car title loan does not consider the credit rating because it reflects the past.

Why might it be easier to get a car title loan with bad credit as opposed to other loans? It tends to be easier to get a car title loan regardless on the kind of credit you have (good or bad credit) because they are a secured loan¹.

A secured loan is a type of loan that upon agreement, the borrower provides collateral in exchange for the loan. This collateral can range from a car title, a home, or other property to “secure” trust between the borrower and the lender. In the case of a car title loan, a lender will need the qualifying title of your vehicle.

If the borrower continues to make their monthly loan payments on time, they can continue driving their car in their daily routine when they have a title loan. However, if a borrower ever defaults on a car title loan, the lender may be able to legally seize their car as part of the title loan’s policy. That’s what makes the collateral a form of secure trust between the lender and the borrower.

How Can I Get a Guarantee of Title Loan Approval?

If you’re looking to obtain an auto title loan, know that there are steps you can take to improve your chances of gaining guaranteed title loan approval!

Ensure that you have the following for a title loan:

• Car title in your name
• Consistent source of income
• Qualifying vehicle

During the title loan repayment process, a lien is placed on the car’s title. In the event that a borrower cannot repay their title loan, the lien allows the car to be repossessed and sold at auction to recoup the remaining money.

For this reason, the car is one of the main qualifying factors for a title loan. The car you own must be in working condition and have enough equity. Equity is the difference between the amount you still owe on the vehicle and the current resale value. If you don’t know the current value of your car, you can quickly check using an online title loan calculator.

If you do not have a car title in your name, you will not be able to receive a title loan until you visit either a Secretary of State branch office or the Department of Motor Vehicles (DMV) to make a correction or request a copy. If the car title is lost, you will have to obtain a duplicate copy. If the car title is in someone else’s name because it’s a hand-me-down or it was a gift, you must have the current owner sign the car title so you can request a title transfer.

For a title loan you must also have a consistent source of income that allows you to make monthly payments on time.

Can I Get a Guarantee of Title Loan Approval with Bad Credit?

If you have bad credit, you may think that title loan approval is out of reach for you.

For many traditional unsecured loans, there will generally be a minimum credit rating to be eligible for funding. When there isn’t a credit score required, then the interest rate will usually be adjusted to reflect the risk. Chances are better if a person’s credit history is reflective of good standing, that lower interest rates could be obtained.

Having bad credit doesn’t necessarily mean that a person won’t be able to get traditional funding, it just means that they may have to go through a few hoops.

When searching for emergency funding with bad credit, secured loans—loans that involve an asset–may be considered.

But luckily, unlike other types of traditional loans, title loans offer high approval rates which almost guarantee you could get the funding you need.

If you have had financial issues in the past and your credit is not good, or you haven’t yet established credit history, don’t think you can’t get a loan. Payment dates can be forgotten and emergencies may pop up. Your credit is not a complete reflection of yourself. This is why title loan agents are often willing to work with borrowers that have bad credit.¹

Title loans are secured through the use of your car title, not your credit score. This may allow borrowers with bad credit the opportunity to potentially receive the financial support they need quickly!¹

Learn More About Your Credit Score and Guaranteed Title Loans

You might be a victim of poor credit and not know why. This could be because you don’t understand all the different components that make up your credit score. There are 5 factors which typically make up your credit score. After you know them all you will better know what you need to do to make improvements.

• Payment History– Your payment history makes up approximately 35% of your credit score. This includes how on-time you are with paying back your bills, and other financial obligations. If you are constantly late on making payments, this could be why your credit score is a bit low.
• Outstanding Balances– Making up about 30% of your overall score, outstanding balances means how much money you owe other lending companies, banks, or another financial institution you may have borrowed money from. How much money you owe affects how high your credit score is.
• Duration of Credit History– Contributing to just 15% of your credit score, the duration of your credit history means how long you have been “financially active.” Your credit history starts the very day you open a bank account, receive a credit card, or other actions that establish yourself financially.
• Kind of Credit Used– The different types of credit you have makes up about 10% of your credit score. Student loans, medical bills, credit cards, and other types of funding make up this section of your credit.
• New Kind of Credit– The new kinds of credit you have make up the last 10% of your credit score. Every time you are approved for a new credit card, loan, or other funding your credit score is affected. If you are constantly applying for new credit cards, your credit score will reflect that.

Do I Need a Credit Check for Guaranteed Title Loan Approval?

When obtaining a loan, typically a credit check is required. There are two types of inquiries, soft credit checks and hard credit checks.

• Soft Credit Check: Does not alter your current score and generally does not show up on your credit report. Used to view your current credit report and prequalify you for lending.
• Hard Credit Check: Can possibly alter a score. This type of inquiry requires your approval and usually stays on your credit report for 2 years.

If you have bad credit but want a title loan, don’t be concerned. A credit check is necessary with any loan process but may not be used as a qualifying decision when it comes to most title loans.

What Benefits are Guaranteed with Title Loans?

Title loans could come with numerous benefits that make repayment a hassle-free process. Take a look at some of the perks qualified borrowers could take advantage of:

• Fast Approval: If you have no time to waste and you need emergency cash now, know that title loans offer a speedy approval process.¹ Inquiring may only take a few minutes and if you turn in your documents quickly, you could possibly receive approval in as little as one business day!^{1, 3}
• Affordable Payments: Loan payments are not always a burden on your budget. Title loans often come with affordable monthly payments that make the repayment process less of a hassle.¹
• Competitive Rates: It’s possible for eligible borrowers to obtain competitive rates based on up-to-date market analysis and avoid sky-high rates with title loans.

How Do I Inquire for a Title Loan with Guarantee of Approval?

Title loans cannot always offer an approval guarantee, but with a title loan serviced by LoanMart you could have a better chance at qualification due to flexible requirements. If you are faced with a costly bill or an upcoming expense that’s out of your budget, consider inquiring for a title loan.

The inquiry process can be completed online or over the phone within just a few minutes. Speak to an agent toll-free at 855-422-7412 or complete an online inquiry form.

During the inquiry you will only be asked to provide basic information such as your vehicle year, make, mileage, style, and your current state of residence. Using these details, a loan agent will determine if your vehicle can be pre-approved.

If you qualify for a title loan with bad credit, you could receive the financial support you need in no time.¹ During the process, a title loan agent will contact you shortly thereafter to request some documents in order to verify your identity and given information.

These documents are meant to provide some more clarification about your personal and financial history. If we are going to help you properly we need all the facts. Here are some of the documents your title loan agent will request:

• Government-issued form of photo ID
• Proof of residence
• Proof of Income
• Title to your vehicle with your name on it

Sometimes your agent will request a few other documents, but they will notify you if this is the case.

When you have gathered your documents for funding, it is then time to take some pictures of your car. You don’t have to bring your car to show in person, a few pictures taken from your mobile device will do just fine. You can even send the pictures directly from your mobile device by texting the pictures!

For the best pictures of your car, take them in natural daylight. If you keep your car in a garage, pull it into the driveway so the pictures won’t turn out dim and unreadable. To get the best look at your car, take several pictures from multiple sides and angles in addition to the vehicle identification number and odometer reading. 4-5 good pictures of your car itself will give a good vision of what your car looks like in person.

Once you have been approved for the loan and we have received your documentation and some pictures of your car, it is time for you to sign your loan contract and GET YOUR MONEY! You can sign your loan agreement electronically, or in person at a participating store near you.

From there we can send you your money in several different ways:

• Electronic Deposit: If you have a bank account, we can deposit your money directly into your account electronically.
• Check: Receive your money through a check sent in the mail.
• In-Person: Receive your money by stopping by our licensed location or a participating store in person.

Due to the quick title loan process, you can usually expect your emergency money within 24 hours after approval!³

Get started NOW by calling 855-422-7412 or head to the website to complete an easy online inquiry form.