If you are in need of emergency funding, it might be time to consider seeing if you qualify for a car title loan! But, can you get a title loan with a missing title? Car title loans can be an excellent option for individuals who need money quickly. If you would struggle to qualify for other kinds of personal loans from other more traditional financial institutions, a title loan could be the right option.
Other places, such as banks, often require borrowers to have near-perfect credit scores, which is just not realistic for many people. With car title loans, you can get approved based on other more flexible qualifying factors rather than just your credit score.
Max Cash Title Loans can get you all the information you need to know about title loans. This includes what is necessary to qualify for them. But is it possible to obtain one with a missing title? Here, at Max Cash Title Loans, we are passionate about going the extra mile for our clients. That way, they can always make decisions best for their financial future!
Can You Get a Car Title Loan with a Missing Title?
It is necessary for you to have a free and clear title of ownership in your own name to qualify for a car title loan. This is the case for all car title loans because they use the equity in your vehicle to secure your loan.
The title is necessary because a lien must be placed on the title itself by the lender in order for the car to be claimed as collateral to secure the loan. The secured nature of car title loans is what makes it easier for a wider variety of people from different financial backgrounds to qualify. Unsecured installment loans rely heavily on a borrower’s credit score. Typically, that reduces the risk, whereas car title loans can minimize risk through the equity value in your car.
If you find yourself in a situation where you’d like to try to get a car title loan, but you have misplaced your vehicle’s title, it is still possible to qualify for the quick emergency funding that you need. All you have to do is replace your missing title!
How to Replace your Missing Title
It is not possible to get a title loan with a missing title. If you have misplaced the title of your car, you still have the possibility of getting a car title loan. All you need to do is obtain a new copy of your misplaced title at your local DMV.
Getting a replacement vehicle title is surprisingly simple. All you need to do is head to your local DMV where they will give you an application to fill out and ask you to pay a small fee for the replacement title.
The information that the application will require is overall pretty basic and it shouldn’t take you too long to fill it out. Here are the details the application asks for:
- Your name and address
- Your driver’s license number
- License plate number
- Vehicle Identification Number (VIN)
- The make, model, year, and color of the car
- Proof of ownership
- Proof of insurance
A replacement fee for a lost title will cost you a little bit more than a replacement registration card but it will still usually not cost you any more than a one-time fee of $50.
Simple Three-Part Process for Car Title Loan Approval
Max Cash Title Loans provides a quick and painless process for determining whether you can qualify for a car title loan. We do the work on your behalf of connecting you with the right lender so all you need to do is follow these three simple steps:
- Fill In Our Quick Online Inquiry Form
The first thing you need to do to see if you qualify for a car title loan is to fill out the online form that can be found on the homepage of our website. It will ask for a few basic facts about you and your vehicles like:
- Your Name,
- Date of Birth,
- and the make, model, year, mileage, and condition of your car.
- Email Us a Few Documents
After you submit that form, you will be contacted to provide some documents to verify the information you’ve provided. Then, your lender drafts the contract and terms. The typical documents that are required include:
- Government Issued Identification
- Your Car’s Title
- Proof of Residence
- Proof of Income
- Pictures of Your Car
- Two References
- See if You Qualify!
You will be notified right away when you qualify for your title loan. You will then be able to look over your contract and loan terms. Discuss any changes you might need to make with your lender before signing. Once you sign you may be able to get your money as fast as that same day!5
Max Cash Title Loans’ Priority is the Customer
Max Cash Title Loans’ focus always has been and always will be the customers. Our title loan marketplace is built to make the process as easy as it can be. We do all the research on your behalf.1
Max Cash Title Loans is committed to giving you the kind of support that you need to achieve the financial success you are capable of. We provide our clients with unparalleled service that is available when you need us seven days a week. Here at Max Cash Title Loans, we know financial emergencies don’t wait for business hours!
You can start the process out by seeing if you pre-qualify for a car title loan by filling out Max Cash Title Loans’ handy online inquiry form here!