How It Works – 5 Star Car Title Loans
Applying for a loan with 5 Star Car Title Loans is easy, and you don’t need to fill out long and exhausting forms. You can simply give us a call at (888) 309-0994 and find out if you are pre-qualified to get a car title loan!
Read more about how 5 Star Car Title Loans makes the entire application process friendly and quick, or visit your nearest branch to learn how auto title loans work.
3 Easy Steps to Get a Cash
01. Application and Credit Criteria
Once you have completed our loan application, our loan officer will ask for a variety of papers to verify your name, address, and place of employment. These are the forms that we usually ask for when processing personal loan applications.
Proof of identity.
Employer and income verification.
Proof of address.
Other documents they may find relevant.
02. Processing Your Loan Request and Getting Approval
Every applicant’s financial condition is distinct and distinctive, hence there is no universal method for determining eligibility for a personal loan. To assess your eligibility, we will look at your credit score, credit history, income, and DTI ratio.
It’s to your best advantage to prequalify whenever it’s feasible and check with us what standards you need to fulfill because we may have different criteria for different loan types. By doing this, you’ll make sure that any loans you apply for will fit your particular financial situation.
03. Signing the Offer & Getting the Cash
Step 3 is to pay off the loan. If you get a chance to pay it off early, that’s great! There are no extra fees for early repayment penalties.
When the loan is paid in full, 5 Star Car Title Loans will sign a release on the lien of your vehicle. You’ll receive the car title in the mail. This is a great solution for many people who want to stay ahead of bills while keeping their car!
