Car Title Loans in Rhode Island
Rhode Island residents enjoy a beautiful state with outstanding scenery, and one more thing. Rhode Island residents who own a vehicle also have the opportunity to apply online for car title loans when money gets tight at home. If you’re in a tight financial spot today and you’re wondering about various title loan services, we have information for you.
Whatever financial crisis you are going through today, consider our title loan services as a way to help out. With car title loans in Rhode Island, you could actually get the fast cash you need to cover any urgent expenses that you are facing today.
It only takes a few minutes to send in your online application, so why not get started now? We will give you a fast reply regarding a lending decision, so you won’t have to spend a lot of time waiting around for an answer.
Reach out to us now for a quick personal loan that uses your car’s value as security!
What Is a Car Title Loan?
If you live in Rhode Island and you own a vehicle, such as a car, a motorcycle or a truck, that has been paid off, you can use that vehicle’s value to apply online for a secured title loan. What that means, is that you don’t have to actually hand over the vehicle to anyone. By using only its equity as collateral, you can still keep your car with you. It is only the vehicle title that you will need to submit.
By getting pre approval of a title loan, it means that you can get all the benefits of a secured loan. Unsecured loans are more complicated to get but the approval process for title loans can go quickly. Once you get started by sending in your online inquiry form for title loans, you can receive a fast reply and quick cash.
When comparing online title loans in Rhode Island to a traditional bank loan, you’ll see how much easier they can be. Get the emergency funding you need now, for any immediate financial need, and be on your way with cash in your account!
Do I Need to Give Up My Car with Car Title Loans?
When you consider car title loans in Rhode Island as a source for emergency funding, you need to own your own vehicle. By owning the car, your name is expected to be on the car title. If your name isn’t on the title, then you can’t prove ownership of the vehicle.
When you’re ready to send in your request for loans in Rhode Island, first check your title to confirm that it’s legal and current. Why is your car title so important? Because instead of giving up your car to use its value as loan security, you only need to submit your car’s title. In that way, you can keep your car.
Keeping Your Vehicle
When you’re approved for a car title loan, you will send your car title to 5 Star Car Title Loans for safe keeping while you are paying off your title loan. We use it only for security while you are paying off your title loan. When the final payment has been made according to the payment plan, we will return your title to you.
During the time you are making the title loan payments, you can keep your car with you. You can feel free to drive it whenever you want to, go wherever you need to go and use it as you normally do.
Send us your online request for a car title loan today!
What Are the Required Documents I Need to Apply Online for a Car Title Loan?
There are only a few required documents that you will need to know about when sending us to begin your online inquiry process. Once you have the necessary documents ready at hand, it will only take you a few short minutes to send us your inquiry form.
You don’t need to prepare anything complicated or time-consuming when getting car title loans. All the details and information you need to attach should be right at home with you and easy to gather.
Here are the basic documents to prepare:
- The details of the vehicle that you want to use as loan security
- A government issued photo ID, such as your Rhode Island state ID or a driver’s license
- Your address in Rhode Island
- Your estimated monthly income
- A legal vehicle title, where your name is clearly written in as the vehicle’s owner
With this information, we will quickly begin to evaluate your request for a car title loan. You will not need to wait very long at all to find out if your request is approved and how much cash you can get.
Can I Apply Online for a Title Loan in Rhode Island Now?
With online title loans, you can actually apply anytime, without worrying about the hour or the day. You can send in your request in the middle of the night, on a weekend or in the wee hours of the morning. Whenever you have a few minutes, go ahead and spend them by completing your online inquiry form.
At 5 Star Car Title Loans in Rhode Island, our website is always available to you, around the clock. If you are in a cash crunch now and can’t wait until tomorrow to request quick cash, reach out to us now!
What Are the Steps to Requesting Online Loans in Rhode Island?
The quick title loan process is short and simple, so that you don’t need to put aside a lot of time when you’re ready to apply. If you’re pacing the floors in the middle of the night because you’re worried about your cash options, put that time to good use! Go to your laptop, smartphone or tablet and take a few minutes to reach out to us! We will be happy to evaluate your request for a fast a loan in Rhode Island anytime!
Anytime you are ready to begin with the first step to auto title loans is fine. It doesn’t matter where you are or what you’re doing. If you are at home lounging in your pajamas or if you are on a short break at your job, it’s all good. With online loans, it doesn’t matter where you are when you need fast cash.
Begin your request for a title loan with these steps:
- On the 5 Star Car Title Loans website, you can go to the online inquiry form to complete the necessary information. The streamlined form is short and sweet, so you can get in and out very quickly. Remember that if you get stuck at any point and you’re not sure what to do next, you can contact us for help with an auto title loan.
- Very quickly, our loan team will begin to evaluate your request for a car title loan. We’ll check the details of your vehicle to find out how much it is worth an to confirm that the title is in your name. We’ll review your monthly income to confirm your ability to pay an we’ll go over your personal details to verify your identity.
- Nothing in the title loans process takes a lot of time. Very shortly, you will receive a reply with a lending decision. With pre approval of your request, you will also receive a loan offer to review and sign. If you sign the offer and continue the loan process, we will prepare your cash.
Those are the 3 stages involved in the quick title loan process. When those are complete and you get final approval, you’ll need to submit your car title for us to keep as collateral. You can see what the loan amount is and the title loan interest rates on your final contract. After signing, you can get your money and begin making the payments on your car title loan.
That’s the title loans whole process! Check out your cash options when you reach out to us with your online form.
Can I Apply for a Car Title Loan if My Vehicle Title is Not in My Name?
Before sending us a request for a title loan, it’s better to take care of getting your car title updated. For whatever reason that your name doesn’t appear on your title, you need to get it fixed. Did you just finish buying the car and the title wasn’t transferred yet? Do you have a few more payments regarding title loans left? We might be able to help you with that. Call our Rhode Island office and speak with a loan agent.
To get your title updated with your correct, legal name, you can go to the Department of Motor Vehicles in your area. At the DMV, they will know how to handle this situation.
When going to the Rhode Island DMV, take these required documents with you:
- A bill of sale or other document proving that you own the vehicle.
- Photo ID, or some proof of who you are. A Rhode Island driver’s license is good.
- Vehicle registration in Rhode Island.
Along with the documents, we always recommend taking some cash or a credit card so you will be able to pay any fees that are charged for this DMV service. When the title is clearly written with your name, then go ahead apply online for your car title loan.
Can Someone with a Bad Credit History in Rhode Island Still Apply for Car Title Loans?
With title loans, we can accept online inquiries from any one in Rhode Island, no matter what the credit score is. Depending on a number of factors, we might be able to approve our title loan services to consumers who have a bad credit background.
The reason we can accept bad credit applicants for title loans is two-fold. First off, rather than dwelling on the past history, we look closely at the current financial situation of a borrower. If you have a good, steady income, a vehicle that you can use as collateral and you meet our simple credit requirements, then you might be approved regardless of your past credit history.
The 2nd reason we might be able to help bad credit applicants with title loans is due to our flexible credit criteria. With online loans in general, credit criteria that is more simple and flexible is used. This gives an opportunity for more users to obtain title loan services.
Whatever your credit rating is, reach out to us with your application and let us see if we can work together! We’re waiting to help you with fast cash.
We accept online inquiries for title loans from various credit types!
How Do I Know if I Can Be Approved for a Car Title Loan?
At 5 Star Car Title Loans, we welcome all inquiries for title loan services. We know that consumers from all walks of life and with every type of financial situation can suddenly be in need of emergency funding. No matter what your reason is, we hope to hear from you!
We take time to study your circumstances to prepare an appropriate lending decision. Unlike a more traditional bank loan, we don’t only look at your credit rating when approving a title loan request. We look carefully at your whole picture. With our flexible credit criteria, even consumers with a bad credit score can sometimes be quickly approved for cash!
Factors regarding title loan approval:
- The value of the vehicle you are using as loan collateral – Of course if you want to put up security to get title loan approval, the asset you are offering must have adequate value. In the case of car title loans, it is your car that we are using as security so its value needs to be high enough to consider using it for a secured loan in Rhode Island.
After checking the car’s details that you provide on the online inquiry form, we will verify the current price on Kelly Blue Book.
- The amount of your monthly income – Before authorizing a personal loan using your car title as security, we will need to confirm your income. The reason for this is so that we can verify you will be able to come up with the money each month for the payments.
Your total income will influence our lending decision as well as how much cash you can get, or your final loan amount. To get the highest loan amount possible and not only the minimum loan amount, make sure to inform us of all your income.
We will verify the amounts according to the proof of income that you provide, such as bank statements and payroll stubs. If you have any other income, such as social security, workman’s comp, insurance payouts or child support, include documentation so we can quickly verify those as well.
- Meeting our easy credit criteria – We will use our flexible criteria to confirm that you can be approved. It is easier to get approval for online loans and even with a poor credit score, we might be able to accept your request.
You can send your information and inquiry form to us anytime. We will process your loan request as fast as possible, to find out if you are eligible for instant approval. We’re waiting to hear from you now!
Is My Car Acceptable to Secure My Car Title Loan?
Every type, model and style of vehicle has a different value. Even with a valuable auto, the equity could be low if it has too many miles on the odometer or if there are dents and scratches on the exterior. We need to find out the value of your specific vehicle before we can know it it’s high enough to use for title loan security. Its worth will also help to evaluate your loan amount, if accepted.
To verify that your particular car or other vehicle has enough equity to be used as loan collateral, we will check the following:
- Its model and specific style
- The make
- The age of the vehicle
- The number of miles it’s been driven
- The general condition, both inside and outside
We usually request recent photos of the vehicle to help us determine its condition for evaluation.
From recent photos we will check for:
- Dents and rust in the exterior
- Ripped or stained upholstery in the interior
- Broken or cracked mirrors, windows or windshields
When we finish the quick evaluation and verify the price with Kelly Blue Book, we will be able to provide a final lending decision.
When I Get my Cash, What Can I Use it For?
With funds paid quickly, you can be ready with a list of your most urgent expenses or bills. With traditional bank loans there might be limitations or restrictions on what you can use the money for, but not when you work with 5 Star Car Title Loans! Go ahead and buy whatever is on your heart to buy, cover any medical emergencies or fix that leaky plumbing once and for all!
If you have too many credit card bills that require payments every month, why not pay them all off? If you have bills that will soon be do, you could pay them now to avoid the risk of late fee penalties or added interest.
The money is yours to spend on whatever you need!
When the Funds Are Ready, How Can I Get Them?
You won’t need to worry about how to get your cash. Your loan agent will give you options for picking up your money or you can even discuss alternative methods. The important fact is that you begin the title loans process now so that you can get the money as quickly as possible. In some cases, the cash can be ready as quickly as the next business day!
We don’t want you to have to wait any longer than necessary to get your emergency funding. Check out your options and choose the one that is the most convenient for you!
Options for Getting Your Cash Loan:
- Go to a participating MoneyGram location in your city.
- Ask our customer service department to mail a check to your Rhode Island address.
- Arrange for a direct deposit into your account.
Are You Ready for Your Quick Cash Loan in Rhode Island?
In as little as one business day you could get the loan you need for any purpose! All you need to do is gather the basic documents, send us your online application and let us get to work!
When we begin the inquiry process and you receive pre approval, your loan proceeds could be in your pocket in the next business day. So why wait! If you want to find out more about title loans in Rhode Island, contact us today!