Can You Get a Title Loan Without a Vehicle Inspection?
Have you ever been faced with a financial hardship you weren’t prepared for? Sometimes it may seem like there’s no way out, especially if you don’t have a good credit score to apply for a loan, however, there are some things you can do.
One route you can take is obtaining a car title loan.
A car title loan makes it possible for you to get cash quickly by using your car title as collateral without your credit score coming into play.
And, though it’s a fairly new concept, it is possible to obtain a title loan without a vehicle inspection.
Continue reading to find out how exactly you can obtain a title loan without a vehicle inspection and take back control of your finances.
Documents Required
If you’re looking to get a title loan without having the vehicle inspected, you’ll need to provide some specific documents. These documents vary depending on the situation you’re in, but in most cases, the following five documents will be requested:
- Proof of identification
- Proof of income
- Proof of address
- Car title
- References
First things first, to obtain any sort of loan in the US you need to be able to show proof of identification. Make sure you have either your driver’s license, passport, military ID, or anything of that sort.
Your proof of income is required to prove you receive a consistent income and will be able to repay the title loan. This can be proved through documents such as pay stubs or bank statements.
To prove your address, you can show any important document such as credit card statements, utility bills, or a voter registration card.
To receive a title loan, one of the most important documents to have is the car title. This title will often be used as collateral to secure your loan, and the title must be in your name.
Lastly, you’ll need some references. You can choose to obtain personal references or professional ones, but either way, you’ll need several.
In addition to these documents, most loan providers require that you’re at least 18 years of age.
Where to Get the Title Loan
You can easily obtain vehicle title loans right online.
In most cases, you’ll fill a form out online with a title loan provider. Then, someone from that company will come to you and inspect your vehicle. At this point, they’ll be able to determine how much money you’ll be receiving.
With some title loan providers, you can receive approval for title loans in less than 30 minutes. Then, once you have your cash in hand, you can drive your car home and keep it while you make your loan payments.
Title Loan Calculator
You have the option to determine your loan estimate before it gets looked at by the title loan provider. There are title loan calculators online in which you submit some information about your vehicle and, in turn, receive an estimate on how much money you’ll receive.
The information you’ll need to input to determine this includes:
- Car make
- Car model
- Style of car
- Car mileage
- State of residence
A Title Loan Without a Vehicle Inspection
Now that you know how title loans work and how you can obtain a title loan without a vehicle inspection, you can easily apply for a title loan online.
Regardless of the financial emergency you may be in, receiving a title loan can be all you need to take back your financial stability, and the process is quick and easy.
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