As most people living in these days are aware, prices are high and in can be hard to keep up with everything. It seems like there’s no end to the bills that keep piling up and every time you go to the grocery store or the gas station, you need to pull at even more money than before!
Even with all the difficulties and emergencies that can come up between paychecks, there is one action you can take to get some quick financial relief. If you need money quickly for any reason, you can consider requesting a title loan online.
What are title loans and how do they work? A title loan is just a quick, personal loan that uses your car as security. In fact, it doesn’t even need to be a car! It can be any vehicle that you own, whether it’s an RV, a boat, a motorcycle or a truck. If you have a vehicle with good value, you have a vehicle title that is in your name, then you could be good to go!
Read below to find out more of the details when you’re in the market for title loans online, instant approval, no credit check.
How Title Loans – Instant Approval Can Help
Let’s say that you received your last salary a few days ago. When it came in, surely you used it to pay bills that are due and other urgent payments or expenses. Now, you need to wait another 2 weeks until you get another paycheck, but in the meantime you’ve spent all your money. What can you do?
If you have a car sitting outside your home, you might be able to use it to get a quick cash advance. Online title loans with instant approval are similar to payday loans, in that you can get cash quickly. The application and approval process are very fast so that. you can get answers right away.
After your loan application is pre approved, you can sign an agreement to get your fast cash advance. What you do with the money is entirely up to you though. Your loan proceeds will not come with restrictions on how you should spend the cash.
Plans for Using Your Online Cash Loan
You can use the loan amount for anything you want to, but there are many popular uses for the loan proceeds. You can look through the list to get ideas how title loans with instant approval – no inspection might help you!
Ideas for spending the money:
- Paying off all the credit card bills at once, to lessen your monthly payments
- Consolidating your loans into a single, monthly payment
- Covering old debts to strengthen your credit score
- Putting cash aside as an emergency fund
- Taking care of medical and doctors bills from an illness
- Catching up on bills that are due now, to avoid late fees and added interest
- Making urgent repairs to your home or apartment
As you can see, there are many ideas for using the cash from 24 hour instant approval, online title loans, but there are no restrictions. You know better than anyone what your financial needs are, so use the money as you see fit.
How to Apply for Title Loans Online, Instant Approval – No Credit Check
It’s really easy to get started with title loans. They are fast and the online application process is so simple that it only takes a few moments of your time. Once you fill in your application, the approval process will begin. This can go very quickly. Any lender who processes title loans online knows that the money is needed urgently and will send you a quick response to your request for an emergency cash loan.
If you are going to a bank, your credit union or other financial institutions, they will have their own set of instructions, rules and regulations for title loans. However, if you choose to get your car title loan online, the steps are simple and short.
Submitting an application for an online title loan
When you’re ready to apply online, you can take the following steps. Read more to understand how you can prepare for the application process so that it will go even faster!
Take note that if you are want to apply online, you can do this at any time. There are no office hours when working with online lenders, so even if you want to take care of it in the middle of the night, that’s OK! Whether it’s morning or night, Sunday or Monday, any time is a good time to send in an online title loans application!
Steps to apply online:
Step 1: Go to the website of the lender to locate the online application form. Fill it in with your personal details and the information regarding the vehicle that you own. Whichever vehicle you want to use as collateral for the online title loan needs to have good value. You need to own the vehicle and have access to the vehicle title. When you’ve finished filling in the blanks, go ahead and submit it.
Step 2: When the lender receives your request for auto title loans, it will be reviewed. After a quick credit decision has been reached, you’ll be notified of the lending decision. If your online request is approved, you can look over a loan agreement.
Step 3: If you agree to the terms of the car title loan agreement, you can sign it and submit it to the lender. This is what gets the ball rolling. With a signed agreement, you will be obligated to send your vehicle title to the lender. When the lender has your title, you will be given the instructions to get your quick cash advance.
Required Documents for Online Title Loans – Instant Approval
The process for getting auto title loans can be very fast, but there are some tasks you can take care of beforehand that will speed up the approval process even more! The faster the approval process is taken care of, the closer you can be to the quick cash you need today!
When you send in your loan application, you will be required to submit specific information, details and documents. If you spend a few minutes preparing these before you fill in your loan application, the entire process will be handled faster. Since there are no complicated requirements, this shouldn’t take you very long at all. You should have all of this information near you already, so it will be easy to find.
- Applicants must be at least 18 years of age
- The vehicle’s title needs to have the borrower’s name listed as its sole owner
- Registration of the vehicle needs to be up to date, including the state where you live
- Valid street address with proof of residence – you can make a copy of a recent utility bill, credit card statement or mail that shows your name at this address
- Bank account information – this is to wire your loan amount into, so send the bank’s name and your account number
- Current expected income – along with the amount, you are required to show documents proving your income. That can be from salary stubs, court documents, government letters or whatever you have that proves the deposits into your account. Also be prepared to show the last 3 months of your bank statements.
- Simple details of the vehicle owned by you – the lender will need to verify the value of your vehicle, so send details such as the year and model, its condition and the number of miles on the odometer. You might also be asked to provide recent snapshots or a vehicle inspection.
If you have all of these items prepared before you begin filling in your loan application, you will save a lot of time during the approval part of the loan process.
Sending Monthly Payments for Car Title Loans Online
Before taking your cash advance, you will be required to submit your vehicle title to the lender. This is how you can use your car for secured loans but still keep driving your. car! There is no need to forfeit your car – it is yours to keep driving!
For specific instructions as to sending in your monthly payments, you can speak with your lender. In general, you will make even, monthly payments until the title loan has been repaid.
You might have the option to make your payments in cash at a participating store front, to pay through a MoneyGram or to pay by sending in a check. Most lenders will agree, however, that the easiest way to receive the funds or to make payments is through your personal bank account.
When all the payments have been made and the conditions of the loan have been met, your lender will see to it that your vehicle title is returned to you. The lender will remove his name from your car title so your title will be clean and clear.
Title Loans Online – Instant Approval with Bad Credit
Many consumers with poor credit scores don’t know where they can get quick cash. Even with bad credit, it’s possible to personal loans. To get a title loan with a bad credit score is not such a problem. Since an auto title loan is a secured loan, it’s open to those with a bad credit history as well.
To find out how you can get a same day title loan and how much cash you can get, fill in and submit a loan application. After the lender runs a quick credit review, you could get a pleasant surprise! If your request is approved, you can sign the agreement and then get final approval. With final approval, your cash is nearly on its way to you!
Title loans use your car as security, so they are at less risk than they would be with an unsecured loan. When you use your car for collateral, you will be required to submit your car title to the lender. The lender will keep it until the loan has been repaid.
If you don’t make your payments, then you don’t get your car back! The lender will repossess your car to finish off the loan payments. With your car as security, you have a better chance at getting final approval, but it’s important to be able to repay the loan amount.
Preparing the Vehicle Title for Title Loans Online – Instant Approval
Your valid and up to date vehicle title is vital in getting approval for car title loans. When you check your vehicle’s title you will hopefully see only your name listed as the owner. If there is the previous owner’s name, the loan company or your wife or brother-in-law’s name, you need to get it corrected.
Go to the motor vehicles department in your locality along with proof of ownership and some cash to pay any possible fees. Check that they are able to transfer the title to your name as it’s one and only legal owner. In some cases, you might be able to be approved if you owe final payments to the loan company, but you would need to verify that with your lender.
It your name is spelled incorrectly or the information on the title is wrong, they should be able to help you at the DMV if you arrive with the necessary documents.
Using an Online Title Loan Calculator
If you have a bad credit history or even a good one, you will want to be careful that you can afford the monthly payments on your online title loan. One way you can check that out is by using an online calculator. It might be called a loan calculator, a budget calculator or even an affordability calculator. The easy thing about using online calculators is that if the numbers don’t turn out to be something you can live with, begin making changes to see how quickly you can get to an amount that fits into your budget.
Figure out how much money you earn each month. If it varies from one month to the next, take an average of the last 3 months. This should include whatever regular earnings you have or other money that gets deposited into your account. Take into consideration social security payments, unemployment settlements, child support deposits or any other cash you might live off of.
Make a list of your regular, monthly bills and expenses. Don’t forget to add in such expenses as:
- Gas and car maintenance
- Insurance – health, home and vehicle
- All credit card bills
- Any outstanding medical bills that you’re paying on
- Loan payments
- Home or apartment mortgage or rent and upkeep
- Food and clothing
- Any debts or regular financial obligations
Using the calculator, you can subtract the expenses to see what is left. The amount that is left should be your starting point for the money you can afford to spend on your payments for auto equity loans. A suggestion is to error on the side of being conservative. It’s always good to have some leeway built into your budget for unexpected expenses or financial emergencies.
If you don’t have the budget for online car title loans, take another review through your income and expenses. Consider ways you can either increase the amount of money you get each month or look for areas where you can cut down on expenses. You can play with these figures until you end up with an affordable payment.
Ways to increase your cash available:
Ask for a raise in your salary at work
- Work extra hours or additional shifts
- Look for a part time job to pick up extra cash
- Sell unused or unwanted items in your home
- Review which expenses could be cut back
- Take fast food and beverages out of your expenses by preparing your food and drinks at home
- If public transportation is cheaper than driving to work, leave your car at home
- Cut back on expenses by consolidating bills or paying them off entirely
After cutting your expenses to a bare minimum and increasing your income, you might still need extra cash. Online title loan companies will be happy to receive your application to get a title loan.
Getting Car Title Loans Online for Any Need
If you own a vehicle with good value and you need quick cash today, 5 Star Car Title Loans is here to help. We welcome online applications from all consumers, no matter what the credit history is. Whether you have a good credit score or if you have bad credit, you are welcome to reach out to our helpful customer service team for a quick cash solution.
If you don’t have a car, but you have a valuable motorcycle, RV, boat or truck, you can use those vehicles to get secured loans as well. Whatever vehicle you have and for whatever reason you need money today, we want to help you!