3 Things You Need to Get a Title Loan

Car Title Loan SignageIf you are ever in need of quick cash, consider getting title loans in Provo. It is a great option for quick cash emergencies. What is good to know is that you do not even have to have a good credit rating to have your applications approved.

You just need to have a car title. Best of all, you can still use your vehicle while the loan is ongoing. Here are three of the basic requirements to get a car title loan.

You need to be at least 18 years of age

When you apply for a car title loan, you need to provide an identification card that proves you are at least 18 years of age. What is good to know is that you can also apply for this type of loan online. Now that is a convenient way to get quick cash whenever you need to.

You need to be the holder of a lien-free car title

This type of loan involves allowing your vehicle to be the collateral. But you do not need to turn it over. You just need to provide the lending company with a lien-free car title with your name on it. After the loan application gets approval and you get your money, you can still drive and use your car as your wish.

Upon application, you need to go to have your car inspected

The amount of money you can borrow depends on your vehicle’s worth. So after you apply online, you get instructions to go to a branch nearest your place to have your car inspected. After the visual inspection, you will then know the amount of money you can borrow.

One important thing to remember when getting a car title loan is to show the lender that you have a dependable income source. This shows the lending company that you can pay back the loan. If you are unemployed, you can provide them with a disability, unemployment, and retirement income source.