What are Emergency Car Title Loans?
Financial emergencies happen frequently, and they are often unexpected. Aaccording to the Motley Fool, more than half of Americans do not have at least $500 in an emergency fund to handle an unexpected expense or a rainy day. That’s where emergency car title loans come in!
Car title loans allow you to borrow against the value of your car, truck, or another qualifying vehicle. You will need to use your vehicle’s title as collateral for the loan in order to get the fast funds you’re searching for.2 5 However, as long as you do not default on your loan, you can still drive your car during the repayment process.
If you need emergency cash assistance to handle a medical bill or consolidate debt, title loans can be the solution. And Max CashⓇ Title Loans is here to help!5 We do the hard work for you and search for lenders on your behalf, so you don’t need to search for the right loan option yourself. If you are eligible for an emergency title loan, you could get your funds as soon as the next business day!2 5
Keep reading to learn more about applying for an emergency car title loan online!5
Where Can I Get a Cash Advance for a Car Title?
Do you need a cash advance for a car title? Use your car’s title to unlock emergency cash today through a vehicle title loan! Although it is possible to get car title loans, personal loans, or payday loans at a storefront location with a title lender, you may want to apply for a title loan online or over the phone. The main reason is just convenience! Gas is incredibly expensive right now in the United States, so you may want to be frugal and skip the hassle of a store visit.
To get started on your application, simply give us a call at 855-562-5626, or click here to submit a loan inquiry! There is no hassle and no store visit required to find out if your vehicle and income qualify for emergency cash title loans.5
What Do I Need to Apply for Emergency Cash Title Loans?
When applying for emergency cash title loans, there are certain requirements and documents you will need to provide to obtain loan approval. First and foremost, you will need to have a title to a vehicle in your name. This is to provide proof of vehicle ownership because you typically can’t borrow against an asset that is not yours.
In most cases, there should be no liens or outstanding loans attached to the vehicle. However, in some cases, it will be possible to get a title loan on a financed car or refinance your current title loan if you meet the necessary requirements.5
Documentation needed for emergency cash title loans includes not only proof of vehicle ownership but also proof of income. This can be shown through pay stubs, bank statements, or other qualifying documents that demonstrate a steady source of income. That could include proof of:
- Worker’s Compensation
- Alimony
- Disability Income
Just call 855-562-5626 to learn more about the types of documents you can submit to prove your income.
Other Things You Will Need to Apply for Emergency Car Title Loans
Furthermore, your credit history will also be taken into consideration when applying for emergency cash title loans. Lenders will typically review your credit report to assess your financial responsibility and ability to repay the loan. That doesn’t mean it is impossible to get a title loan with bad credit, however.5
In addition to the aforementioned documents, you will also be asked to provide a valid photo ID, such as a driver’s license or passport, to verify your identity. This is crucial in preventing identity theft and ensuring that the loan is being issued to the correct individual. Additionally, you may need to provide proof of residence. This could be a utility bill or lease agreement to verify your current address. The document must be recent, and it will typically need to have the same address that is listed on your identification document.
Got any questions about applying for emergency cash title loans? Don’t hesitate to give us a call, our loan officers are happy to help and are available 7 days a week for your convenience!
Do I Need Good Credit To Get a Fast Car Title Loan Today?
Typically, you don’t need good credit to get an emergency title loan online.5 This is due to the fact that title loans are secured loans, so the approval process can be a lot more flexible than other loan options! For example, personal loans are typically much harder to obtain approval for.
A lender will usually rely on your income and credit history to determine whether or not you qualify for funding. This puts subprime credit borrowers at a disadvantage!
With emergency car title loans, the application process can be simple, even if you aren’t confident with your credit.5 So don’t let that hold you back! As long as you can meet the initial criteria and provide the right documents to prove your income, address, and other personal information, applying for a title loan can be a breeze.5
Although every lender is different and may have different application criteria, there are many common requirements shared amongst title lenders. Here are the common initial requirements for emergency car title loans:5
- Be of Legal Age to Apply for a Car Title Loan in Your Current State of Residence
- Have a Clean Car Title (Must Be in Your Name)
- Be Able to Show Your Income Through a Qualifying Document
Where Can I Apply for Emergency Title Loans Online Near Me?
Ready to apply for fast funding through emergency car title loans online? We are here to help! Submit your inquiry online today and find out if you are pre-approved in just a few minutes.2 5 That’s how simple it can be to apply for emergency cash advance title loans!5 Call Max Cash Title Loans at 855-562-5626 if you have any questions.