Let’s start by explaining what an auto title loan is and what it can do to help you and your financial situation. Auto title loans are referred to as: auto equity loans, pink slip loans, or car collateral loans. They are often known to be helpful financial tools when used properly.5 One of the most common questions from a borrower is, “What Can a Car Title Loan Pay For? We can explore the possibilities of a car title loan.
Benefits of Auto Title Loans
There are many benefits to getting an auto title loan using Max Cash Title Loans.5 Great deals on an auto title loan start by going through us.1,5
If you need emergency cash, we may be able to help:
- Pay for vehicle maintenance or repairs
- Pay for unexpected medical expenses
- Pay for a wedding or funeral
- Pay for immediate home repairs
- Help you catch up on your finances
- … and much more!
So if you are wondering what a car title loan can pay for, it is a lot! While there are some limitations, you can use the funding for many things. We know that sometimes it’s personal, and we just want to ensure that this process is as comfortable as possible.
Here at Max Cash Title Loans, we take pride in what we do and show it every single time.
The Process Of An Auto Title Loan
- Apply for an auto title loan directly online, through our website. Or, contact one of our loan representatives at 855-561-5626!
- After initially applying, a loan representative will ask you to submit a few documents to help you get qualified for refinancing. You may need to provide proof of income, residency, a driver’s license, and a couple of other things. For example, these documents come in handy and are often required during the application process:
- Free and Clear Vehicle Title
- Three references not related to you
- Proof of Insurance (some states require this but not all)
- Social Security Card (or a Document on which your name and SSN both are listed)
- Recent pictures of your car (all 4 sides, including VIN and Odometer)
- A Government or State Issued ID Card
3. Once you have submitted those documents, the last step is to sign your new loan agreement.
What If I Don’t Have Everything On The List?
Our skilled representatives at Max Cash Title Loans can find ways to connect you to these documents! For example, if you have lost or misplaced your car title, they may be able to show you how to request a duplicate. Although, it is important to have at least a title, a source of income, and a bank statement. If you don’t, give us a call, and we will see what we can do to assist you.5
How Long Does The Auto Title Loan Process Take?
The process can be quicker than you think! If your application is approved, you will send the required documentation, such as: proof of income, residence, and the pink slip, or vehicle title.
Once all the requirements are submitted, the next steps are easy. Firstly, you can get the money sent directly to your bank account, or pick up your cash at a participating money transfer location. The process will depend on how fast the client sends the required documents to the loan officer. Lastly, the speed of the process will partially depend on you- send your documents in on time and see how quickly you can obtain your funds! Some qualified borrowers could get their cash the same day or the next business day.5
Now that I Know What a Car Title Loan Can Pay For, How Do I Repay it?
Most auto title loan companies will offer:
- Online payment through an app or on their website,
- Pay over the phone using a credit/debit card
- Or even send a money order or wire transfer at MoneyGram.
The repayment process with proper management can be hassle-free. Just choose the method that is the most convenient for your situation! If you have to, set up auto-pay to ensure you do not miss a payment. If you are without a job but have a reliable way to repay the loan, you could still be approved for a title loan!5 You do not need a 9-5 job to qualify for a car title loan- alternative income can be accepted!
What Can a Car Title Loan Pay for? Learn More Today
Auto title loans may help you do everything -from getting your finances back together, to making sure you have a good start on your budget. When you’re working with Max Cash Title Loans, you can potentially have the chance to rebuild!5 If you want to get started, you can apply for an auto title loan online, or contact one of our title loan representatives at 855-561-5626!
When you call Max Cash Title Loans, you’re not reaching out to an institution with only its interests in mind. You are calling a company that cares for people and their financial situation. Let Max Cash Title Loans do the hard work for you today!5