The following are the standard requirements for loan approval* with 5 Star Loans:
1. Government-issued ID
2. Pictures of the vehicle
3. A clean vehicle title (i.e., no current lienholder)
4. Proof of ability to repay the loan
5. References
6. Email, address, employer details, and other basic personal information
7. In certain cases, proof of residency
*Other requirements may be needed
Good to know:
The requirements in order to be approved for a title loan can vary, depending on the lender you choose and the state where you live. The following is a list of the basic requirements you will need in most cases:
– Proof of income
– A clear and clean title where you are the registered owner
– At least 18 years of age. In most states you must be 19 years-old in order to qualify for a title loan
In Alabama you must be at least 19 and in Mississippi you must be at least 21 to get a title loan
– Proof of residency in the state where you are borrowing the loan
– Car insurance
– No bankruptcy
Click here to learn about the requirements for getting approved with 5 Star Car Title Loans.
Click for more information on:
A. Loan options if you have bad credit B. How to manage debt