Do I have to have the car titled in the same state as where I live?
No. You can get title loans from neighboring states. Florida residents can drive to Georgia and get a title loan if they choose. You would just want to start the application online so you know what you need before you take the trip. Once you arrive to the lending office it should take no more that 15 minutes before cash in hand.
Does my car need to be paid off?
This is up to your lender, and would probably only be considered if the car is newer.
Do I need to have a good credit?
That is the best thing about title loans is that you do not have to have any, good, or bad credit to get a loan. The lender will not even check.
Do I need to be employed?
If the borrower can prove he has a mean of paying back the loan there is no issue. Such as cases of self-employment or income from another source. But you will have to prove your ability to pay back the loan.
Disability and retirement are both sources of income…so YES!
Is there a pre-payment penalty?
Each lender is different this is definitely something you will want to ask your lender.
How fast does the process take to get the loan?
Most places move pretty fast. It can take about 15 minutes or up to 30 minutes. It’s crucial to start the process
online.Do I have full use of the vehicle?
Yes, unless you default on the loan, and then the car becomes the lenders.
Do I need a bank account for a loan?
Payday loans require that you have a bank account, but Title loans do not!
What factors do you use to determine the value of the vehicle?
The standard information is the vehicle mileage, year, make and model, the condition, the edition of the model, the engine size and the options that the vehicle has installed like a sunroof or if it has leather seats. Be very specific when it comes to describing your car.
What if I lost my title, what do I do?
You must have your car title you can get a new one at the Secretary of State, DMV, or Drivers’ License Bureau for a duplicate title. There are exceptions to this rule!
What if the vehicle title is in someone else’s name?
It must be your car title, or your spouse. If it is your spouse he will have to sign. That is the only exception.
When do I get my title back?
When you pay the loan back you get your car title back!
Will my car be taken from me?
When you get a ttle loan you’re telling us that should you not pay your title loan, the lender can get the vehicle and put it on sale. This allows the lender to pay off delinquent title loans. Lenders will give the borrowers the remaining proceeds if any. This IS NOT something we like doing and it is only used as a very last resort. Not only is it very expensive to do this, but we lose a customer for life. It is the only way to prevent people from taking advantage of our business. So have a means of paying bnack the loan and always borrow responsibly.
