Yes, Max Cash Title Loans services Portsmouth, Virginia! Allow our experts at Max Cash Title Loans in Portsmouth to assist you in starting the process of obtaining an auto title loan.1 2 Explore your options by giving us a call at (855) 561-5626 or filling out an online inquiry form. Residents of Portsmouth, Virginia can benefit from our services and potentially get cash fast!1 2
What is an Auto Title Loan?
Auto title loans are secured loans that are obtained when a lien is placed on your vehicle’s title. Approval is based on the equity of your vehicle, as well as your ability to repay the loan.
What will we need to know about your vehicle? Your lender just needs to know the basics. They will want to know the make, model, mileage, year, and overall value. The best part is your vehicle is yours to use as normal while repaying the loan.
How Do I Get an Auto Title Loan in Portsmouth, Virginia?
The first thing you will need to do to apply is to fill out the quick pre-approval web form, which consists of a few questions about you and your vehicle. At Max Cash Title Loan representative will take your information and help match you with the best title lender option for you.2 4 That’s right, we’ll do the hard part for you!
What Happens After I’m Approved for an Auto Title Loan?
Once Max Cash Title Loans has found the right lender or you, you can discuss the loan amount as well as the payment plan with the lender directly.2 4 Once you decide to move forward with the auto title loan process, it’s time to sign your contract and receive your cash! 1 2
You can choose either to have the funds directly deposited into your account or you can pick your money up at the nearest Money Gram location.1 2 Most borrowers typically get their deposit the same day or the next business day.1
How is the Value of My Vehicle Determined for an Auto Title Loan in Portsmouth, Virginia?
Your lender is going to look at a few different basic pieces of information about your vehicle when assessing its value. Some information you may know off the top of your head, but some you may not. These factors are placed into two categories, standard and enhanced information.
Here’s what they will need to know:
- Standard Information
- Enhanced Information
- Engine size
- Options that may have been installed at purchase (ex. Leather interior)
How are Payments Made for an Auto Title Loan?
Oftentimes, larger lending companies will have a customer service portal, similar to that of a bank, that allows you to make payments and keep track of your balance and how much you still owe on your auto title loan online.
Occasionally some companies require payment in-person to ensure that the vehicle is still in your possession. If the option exists, MoneyGram is an excellent option if you prefer payment in cash, and you can usually post your payment the same day.
What Kind of Credit Do I Need for an Auto Title Loan in Portsmouth, Virginia?
One of the many great benefits of an auto title loan is that you can have a low credit history or none at all! Some lenders will check your credit towards the tail end of the application process but that is mainly to check if you are in an active credit counseling program before bankruptcy or are actively in the bankruptcy process.
What are the Qualification Requirements for an Auto Title Loan?
There are some documents your lender will need from you to give final approval on your auto title loan. The documents required may vary, and you may not need to provide all of them, but typically the lender will ask to see:
- Social Security Card (A document that contains your name and Social Security number is also typically accepted)
- A Few References (Personal and/or professional, but of no relation)
- Government Issued Photo ID
- Current Vehicle Insurance (Sometimes)
- Car Title (With your name)
- Proof of Income
- Proof of Residence
- Photos of Vehicle (All 4 sides as well as VIN and odometer)
Do I Get My Car Title Back After Repayment of an Auto Title Loan in Portsmouth, Virginia?
As you repay your auto title loan, your lender retains the title of your vehicle. After your auto title loan is repaid in full, the lien that was placed on your vehicle title during the duration of the loan is lifted.
Upon completion of payment, you will obtain a release that can be attached to your vehicle title or you have the option to send the release to your Secretary of State to receive a car title that does not contain a lienholder.
Apply for an Online Title Loan Now!
Max Cash Title Loans is here to help you get the funds you need, fast through our trusted and vetted network of lenders!1 2 Let us help you acquire low payment plan options and low, competitive interest rates in Portsmouth, Virginia.2 4 Complete an online auto title loan application or give us a call at (855) 561-5626 to begin your journey now!
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location