The Best Place to Get a Car Title Loan

If you are in need of a fast and convenient loan, one advantage of owning a car is that you can get a car title loan.1 Of course, one of the first questions that will come to mind is ā€œWhere can I find the best car title loans?ā€ While there are many lenders out there, not all of them will prove to be reliable or serve your best interests. Some are more interested in approving those who have high value cars. Others will automatically shoo away applicants who are self-employed or have bad credit score. Still others will just approve as many loans as they can without regard to the borrowerā€™s ability to make payments, so they can collect more through incurred penalties and other fees. Luckily, all you need is a straightforward guide that will help eliminate the choices for the best place to get a car title loan.

best place to get a title loan near me

Call Our Team

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

855-422-7412

Basically, theĀ best place to get a car title loanā€¦

Loan Application

  1. Should not charge you for checking if you do indeed qualify for a car title loan. A reputable lender ought to process your application free of charge. They should also make it very convenient for their customers by providing preliminary assessment services online or over the phone.
  2. Ought to have tools that will make the entire process very convenient. These include mobile apps or online account access. With these things in place, you will not have to wait in line at a loan store.
  3. Should process loan applications and approvals in real time, and be able to support same-day funding..1 Applying early in the morning and having the necessary documents on hand should warrant a loan approval and funds release later in the day, provided that everything goes smoothly.1 As financial emergencies sometimes come out of the blue and with really stressful deadlines, you will appreciate having a feature like this when you suddenly need it.
  4. Should not burden you with too many required documents. You must remember that a car title loan is not as tedious to process compared to the usual bank loan. For many people who opt for title loans in Arizona, Florida, Texas and all over the United States, the reason is usually because of some financial emergency. Being that emergencies are time-sensitive, it is also important that the lender acknowledges this by making the application requirements as minimal as possible. The basic requires ought to be the actual car itself, proof of ownership, and verifiable income.

Provisions and Availability

  1. Should allow you to customize your loan upon approval.1 A good lender recognizes that clients will know best how much money they need to borrow. Ideally, you should be allowed to borrow as little or as much as you want from a range of a minimum to maximum approved loan amount.1
  2. Should provide you with assistance when securing your carā€™s title. Oftentimes, dealing with the DMV just so you can get a copy of your car title can be a very confusing and frustrating experience. A prospective lender should be able to assist you in that process prior to the actual loan to make things a lot easier for you. This can include situations where the owner has lost his copy of the car title, or needs assistance with DMV paperwork such as title applications.
  3. Provide loan options for cars that are yet to be fully paid off. Even if you still have a few loan payments remaining with your car, you can still qualify for a car title loan. In addition, having a loan active with another company providing auto title loans should not deter the lender from giving you competitive rates.
  4. Will make loans available to borrowers who donā€™t have a typical 9-5 job. This is especially useful to people who are not traditionally employed and run their business from home ā€“ or are just plain in between jobs at the moment. You can still qualify for a car title loan, provided that you can show proof of some sort of income stream (ex. regular money coming in from collecting apartment rentals). Donā€™t have that? Then the option to have someone co-sign for you is also good. There is no reason that not being traditionally employed should keep you from qualifying for a car title loan if you do have the capacity to pay it back.
  5. Also make car title loans available to people with bad credit. A good lender should recognize that people will have periods of difficulties in their lives, and this includes having bad credit. Extending credit to applicants with less-than-stellar credit should be made possible, with the expectation that approval should primarily be based on the vehicleā€™s value as well as the loan applicantā€™s capacity to pay.
  6. Accommodate even classic cars. Suppose you have a well-maintained classic car in your garage thatā€™s suddenly looking like a good opportunity for a loan collateral, and you have your regular car that you drive to and from work. Youā€™d probably choose to apply with your classic car since it may hold more value than your regular commuter vehicle. The best lender should definitely consider vintage or classic cars provided that they have high value and are in good condition.
  7. Should not solely rely on credit to determine if an applicant is approved for a loan or not. Your credit ought not to be the defining criteria for a title lender to determine if you are indeed approved for the loan you are applying for. Even situations like a past bankruptcy should not stop you from applying for a car title loan. A good lender should understand that customers will have periods in their life where they have good credit or bad credit. Thus, running a credit check should be the last thing or priority to consider.

best place to get a title loan

Simplicity and Privacy

  1. Keeps your personal information private and secure. A good lender should keep each and every clientā€™s personal data safe and secure. This means storing data on secure servers, using Secure Sockets Layer (or SSL) encryption when transacting with you online, and following industry best-practices for information security. They should also adhere to all state and federal laws regarding privacy protection.
  2. Should not take more than a few minutes to evaluate the equity of your vehicle. A trained eye and an updated background in current values of vehicles across a variety of brands should mean mere minutes in assessing how much value your car has, making the entire loan application process even a lot shorter.
  3. Should allow you to add a co-borrower on the car title loan application. The usual requirement when it comes to this option is that the co-borrower will also have to register with the lender as well as submit the necessary basic documents like their valid driverā€™s license, proof of income, proof of residence, among others.
  4. Makes the effort to report all the payments you have made to a credit reporting agency. A reputable lender or loan servicer should have a relationship with one or several credit bureaus so that your payments can go on your credit. A good place to get a title loan can therefore potentially allow you to show that you are a responsible borrower, which may assist you the next time you need to borrow.

Assistance Every Step of the Way

To sum it up, every item in the list above really points to the idea that a good lender will have your best interests in mind, have a process that works for your current financial or employment situation, and strive to make things very easy for you. Being in the business of providing financial assistance through car title loans also means being in the business of providingĀ all the necessary assistanceĀ before, during, and after the loan application. A good lender will not want to leave you in the dark regarding documents, fees, and deadlines and will instead walk you through it with the intention of making you as informed as possible about the car title loan that you are applying and preparing to pay for.

Now that you know what characteristics you may want to consider when looking for the best car title loans, the task of applying for a loan and picking your best option becomes a little easier. In your research of the best credit lender out there, you should strive to find one that will meet many ā€“ if not most ā€“ of these items.