Now borrowers do not need to go to the lender’s store and go through a physical inspection of the car, as the entire lending process is completely available online. No credit check is required!
Bad Credit Title Loans
Even if you have a bad or poor credit history, you can still qualify for a loan. Since the title loan is secured, lenders work with different types of credit. Each of us faces financial difficulties from time to time and needs additional funding in order to cope with them.
This can be anything, such as medical treatment that insurance cannot cover, consolidation of existing debt, urgent purchases, and so on. Can’t wait until Payday? A Title Loan is a simple and safe solution to your problems.
If you have a free and clean car title in your name then you will be able to easily handle your difficulties. Title lenders work with different types of credit and approve funding applications almost instantly. Keep reading to find out the details.
What Is A Title Loan?
A title loan is a simple secured type of financing that helps even borrowers with any kind of credit to apply and get money to cope with emergency expenses.
The title of your car is collateral for the loan, so you must be the sole owner and have the necessary documents for the car. At the time of the loan repayment, you will have to transfer the title of your car to the lender and get it back when the debt with interest is fully repaid.
In recent years, Title Loans have become more and more popular as borrowers can now get loans completely online at relatively low-interest rates. What’s more, title lenders most often don’t request a traditional credit check.
So Title Loan is available even for borrowers with bad credit! Follow this resource for more information.
Title Loan that Doesn’t Require the Car: How Does It Work?
Many borrowers know that in order to receive a Title Loan, they must visit a selected lender’s store and undergo a physical inspection of the vehicle. Specialists pay attention to factors such as brand, model, mileage, condition, cost, and so on.
However, this is not the only way you can get a Title Loan now.
Many title lenders offer a completely online application, so getting funding is as easy as it gets. All the borrower needs to do is visit the selected lender’s website and fill out a simple online application. Most often it does not take more than 5-10 minutes.
The borrower must provide his name, address, income, and vehicle details. The advantage of an online Title Loan is that you no longer have to travel to the lender’s store as the process is 100% online. No more physical inspection!
Instead of bringing your car to the lender’s store, you need to provide recent photos of your car so the lender can assess its condition. You also no longer have to go to the lender’s store to get the money, as the loan amount will be transferred directly to your bank account.
In this way, you can receive money and deal with your needs within one working day.
How Can I Get A 100% Online Title Loan With No Credit Check?
Since the loan is secured, title lenders provide loans for almost any type of credit. What’s more, more often than not, they don’t ask for a traditional credit check at all, so getting the money won’t be a problem for you.
However, you still need to meet the basic eligibility criteria to qualify for a loan. Although they may vary depending on the lender and state laws, the main ones remain the same:
- Be a US citizen or official resident
- Be at least 18 years of age or older
- Have a regular monthly source of income
- Have an active bank account
- Have a government-issued ID
- Provide a social security number
- Provide phone and email
You must also provide documents for the car:
- Current vehicle registration
- Vehicle insurance proof
- Proof of residency matching the name on the title
- Government-issued identification matching the name on the title
- Original vehicle title with solo ownership
How To Get Online Title Loans That Don’t Require The Car?
To get a completely online Title Loan you just need to follow a few simple steps. Explore the main ones:
Choice of the lender. Before applying, it is recommended to study the offers of different lenders and compare their interest rates. This way you can choose the best deal for you.
Application. Visit your chosen lender’s website and fill out a simple online form, providing basic information about yourself and your car.
Also, if you are applying entirely online, you will be required to provide good-quality recent photos of your vehicle in order for your application to be approved.
Approval. If you qualify, your application for funding will be approved. The lender will contact you to discuss the terms of the loan and debt repayment.
Financing. After assessing the car, the lender will offer you a loan. If you are satisfied with the loan offer, you will need to transfer the title of the car to the lender, after which you can sign a contract and receive money for your needs.
Completely Online Title Loan No Credit Check FAQ
How Much Does an Online No Credit Check Title Loan Cost? The Title Loan is a fairly expensive type of financing even though the loan is secured. Most often, borrowers have to pay about 300% for a Title Loan.
How Can I Get a Bad Credit Title Loan? More often than not, title lenders offer loans for different types of credit and do not require a traditional credit check at all. Moreover, the eligibility criteria are minimal so getting a loan is quite easy.
How Can I Get a Fully Online Title Loan? Most title lenders now offer a completely online application. All you need to do is visit the website of your chosen lender, fill out a simple online application and provide recent photos of your car.
The money will be transferred directly to your bank account.