July 02, 2019Do you have a car title that's clear of any lien? Are you in need of a loan fast? If so, there's an option for you that many consumers find convenient when they find themselves in a situation where they have unexpected bills to pay or any other emergency that requires cash fast. Car title loans have become a popular option for Americans who don't have time for the process of getting a loan through a traditional lender or who may not have the credit score for a traditional loan. That's because getting a car title loan is much easier and faster to get than a bank loan.
Do I Need Proof of Insurance to get a Car Title Loan?Yes, you will also need proof of insurance. At TitleSmart, we ask that you have insurance for your protection and ours, that way if the car is in an accident during the loan term, the insurance will cover the loan. As part of the loan process, we call your insurer to confirm the details of your policy and have our company name added to the policy as the payee in case of loss. If you don't have insurance, no problem. We can help you get it.
Other Documents for a Car Title LoanAt TitleSmart, we have made the process of getting a title loan as easy as it can be. Our goal is to make sure consumers who can't get traditional loans have an option when they need one. Getting a car title loan from TitleSmart is simple. All you need is a car with a clear title, some basic documents, and the need for a loan fast. The documents you need for a title loan from TitleSmart include the original vehicle title, a government-issued identification that matches the name on the title of the vehicle you will be using to obtain the loan, proof of where you live (utility bill, cable bill, or credit card statement will do), proof of some kind of income, showing you have the ability to repay the loan (bank statements or pay check stubs are fine), a couple of personal references, and photos of the vehicle from all sides, including photos of the VIN plate and the odometer.
What Can I Use My Title Loan For?This is a great question. Many people assume title loans are for financial emergencies like overdue rent, unpaid bills, medical emergencies, or other unexpected bills. Title loans are great for these reasons, but you might just want to have a little extra money for a summer vacation or for doing some work around the house. At TitleSmart, we aren't going to ask you why you need a loan. Our goal is to get you the money you need as conveniently as possible, regardless of what you need the money for. We don't require you to tell us what you will do with your loan.
Do I Get to Keep My Car with a Title Loan?Yes. This is because at TitleSmart, we understand that being faced with a financial crisis can be a big enough headache. We don't want to add to the stress factor. When you use your car title to get a title loan at TitleSmart, you get to drive away in your vehicle. You will still be able to use it as you normally would, making it possible for you to keep up with the things you would normally do.