Financial emergencies rarely occur at a convenient time. If you suddenly need a loan on a Sunday, what bank is open to give you one? This is where non-traditional lenders come in. Lenders offering car title loans understand that sometimes people need money fast outside banker’s hours. That’s why they offer title loan service seven days a week!
Where Can I Find a Car Title Loan Lender with Service Seven Days a Week.
If you’re having trouble finding a car title loan lender with service seven days a week, Max Cash Title Loans may be able to help you.5 They are very familiar with the car title loan industry and have connections to many reputable lenders. Not only that, but it’s their mission to try to connect borrowers with the right lender for them.5
How Could Max Cash Title Loans Help Me Obtain a Car Title Loan?
Max Cash Title Loans is intimately familiar with the car title loan industry. They can help connect you with a host of lenders eager for your business.5 Additionally, they can assist you with any questions you may have regarding the car title loan process.
What Do I Need to Obtain a Car Title Loan?
If you’re considering obtaining a car title loan, there’s a number of different documents that you’ll need to assemble for your lender:
- A title to a qualifying vehicle in your name
- Photos of the front, back, and sides of vehicle
- Proof of residence (certain pieces of mail)
- Proof of income
- A government-issued photo I.D. (driver’s license, state I.D., passport, etc.)
Lenders use photos of your car as part of the evaluation process to determine how much money they could lend you. Some lenders don’t accept photos. Instead, borrowers need to take their car down to the lender’s brick and mortal location for an in-person inspection.
Are There Hidden Fees Associated with Car Title Loan Services?
Some lenders do try to take advantage of their customers through confusing language and obscure fees. Reputable lenders do not do this. Reputable lenders provide borrowers with loan agreements using clear language that is easy to understand. They also do not include balloon payments in their loans, meaning you won’t be hit with an extra-large payment at the end of your loan. You also won’t be subjected to prepayment penalties.3 Reputable lenders do not punish their borrowers for trying to pay their loan back early. Make sure to always read the entirety of your loan agreement before signing, and to be sure your lender answers any questions you may have. It’s vital that you have a thorough understanding of your loan agreement as this is a serious decision to make.
What is Considered Proof of Income for a Car Title Loan?
There are many people who believe that the only way to show proof of income for a car title loan is through a recent pay stub. There are plenty of different ways you could demonstrate your ability to pay back your car title loan besides using a pay stub. For example, you could use:
- Social Security
- Settlement/Court-Ordered Award
- Workers’ Compensation
Can I Obtain a Car Title Loan if I Don’t Have My Car Title?
You will need a copy of your qualifying car title if you want to obtain a car title loan. If you don’t have your car title, you’ll need to acquire a new one from the DMV. You’ll even be able to get an expedited copy of your title from certain DMV locations. If you’re having trouble locating a DMV that can assist you, the friendly staff at Max Cash Title Loans may be able to point you towards the nearest DMV capable of helping you. In some instances, they may even be able to assist you directly with your new car title.
Can I Obtain a Car Title Loan if I Have Bad Credit? What About No Credit?
Traditional lenders like banks put a lot of weight on your credit score when you apply for a loan from them. Not only that, but they could take weeks to let you know whether they’re going to give you a loan! Car title loan lenders, in contrast, put much less weight on your credit history.5 They are much more interested in your ability to pay your loan back and the equity in your car. Car title lenders may even be able to give you your money in as little as one business day from the time you submit your documentation.1
Being suddenly confronted with a financial emergency could ruin anyone’s day. When you’re stressed, you want to solve your issue as soon as possible. That’s why car title loan lenders often offer title loan service seven days a week. If you’re holding an unexpected bill and you’re looking for help finding a car title loan, the helpful staff at Max Cash Title Loans are standing by to help you.5