If you are thinking of a title loan but don’t have a title in your name, you may be wondering what the best way to get a title loan will be.
If you are thinking of a title loan then Max Cash Title Loans could be a great place to begin.2 For individuals with less than perfect credit history or bad credit scores, title loans provide a simple and straightforward approach to financial help. As the number one title loan marketplace in the United States, Max Cash Title Loans makes the title loan application process easy. We might also have the ability to assist you in finding a title loan that’s tailored to your financial needs. 4 5
To find out whether you’re eligible for a title loan, contact Max Cash Title Loans today to start your application. You can complete a short inquiry form online to begin straight away! To find out more about the title loan process and how to get a title loan without a title in your name, continue reading below!
How Can I Get a Car Title Loan without the Title in My Name?
Do you have a vehicle title, but it is not in your name? No worries, this is an issue that lots of people face. At Max Cash Title Loans, we can help you to get the transfer process going. All you will need to do is provide a few required documents, and you can leave the rest of the process to us.
To start the transfer process, there are a few steps you will need to follow:
- Go to the Department of Motor Vehicles (DMV) to request the changes in your title.
- You’ll be asked to have a suitable ID.
- Provide your local DMV office with your government-issued photo ID, as well as your car title and vehicle registration.
Once you complete the transfer process, you will be all set to apply for a car title loan! While some states such as Arizona and South Carolina may have a different method, this is a general overview of the process.
How Do Title Loans Work?
Title loans are a type of secured loan that uses a vehicle’s equity to guarantee the loan amount. After the title loan is removed, the title loan company holds on to the vehicle title as the borrower repays the loan. After the loan is repaid in full, the name is sent back to the borrow. It’s as straightforward as that!
You’ll receive your vehicle title back once you finish the repayment of your auto title loan. Your title lender will release the lien on your title when you successfully pay back the loan. You can also choose to receive a clear title by sending the release to your local DMV office (Department of Motor Vehicles).
Loan amounts for title loans tend to change, as the total amount of funding you get is determined by the value of your car or truck and your ability you have to pay back your loan. Interest rates also vary, but primarily because those types of loans are meant to be short-term loans. If you’re curious about what your monthly payments might look like before you start your loan process, have a look at our loan calculator to get an idea.
When it is time to receive your cash for your auto title loan, you will typically be given a few options. You can choose to have your cash sent via check, or you can also have the funds sent to your bank account via direct deposit.
Credit might not be a significant factor when determining eligibility as your vehicle title serves as your collateral. Some creditors may assess your credit score, but they mainly only do so to verify if you’re currently in credit counseling or if you’re actively in bankruptcy.
Requirements for Title Loan Approval
To find both your eligibility for an auto title loan, you’ll need to provide some additional information with your loan application. To help make the process as fast as possible so that you can get your cash fast, you might want to have these items ready once you start the application process.
Here is a brief list of what you will need when applying for an auto title loan.
- Proof of residence
- Be at least 18 years of age
- A government-issued photo ID (i.e., driver’s license)
- Proof of income
- Own a vehicle with a clear title (i.e., lien-free)
- Proof of car insurance
- Pictures of the vehicle
How Do I Apply for a Title Loan?
Applying for a title loan is simple:
- The first thing you will have to do is complete an online loan application. As soon as you complete your online application, a Max Cash Title Loans loan specialist will contact you. We work hard to match you with the ideal auto title loan lender for you. 5
- Your title lender will then need to verify some personal information before proceeding to inform you about your loan amount, monthly payment plan, and overall loan terms.
- Following this, all that is left to do is sign your loan agreement and receive your money! 1 2 In most cases, you could receive your cash via check or direct deposit in your bank account in the same or next business day! 1 2
Contact Max Cash Title Loans Today
If you’re in a crunch for cash, allow the experts at Max Cash Title Loans to assist you. 4 5 With years of experience, we make the loan process quick and simple for all of our customers.
To begin your financial journey, call us today or fill out a brief application form online to start the process right now. You can also email or text us if it’s more convenient!