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What Do You Need to Get Auto Title Loans Online?
By MArcela De Vivo • Apr 20, 2023
If you need cash in a hurry, you may want to consider applying for an auto title loan. An auto title loan, often referred to simply as a title loan, is a type of secured loan that allows borrowers to get cash by using the title to their vehicle as collateral.
You won’t need to sacrifice your car to borrow cash through an auto title loan. If you are approved, you can
keep driving your vehicle while you repay your loan. In the meantime, the lender will either hold onto your title or put a lien on it.
The easy application process is one of the best parts about getting an auto title loan. You won’t need to jump through hoops to get the cash you need with a title loan. In fact, the entire application process can be completed online. Here’s what you need to get
auto title loans online:
How to Prepare for Applying for Auto Title Loans Online
Applying for an auto title loan online is easy, but there are a number of steps you can take to make the process even easier. Here’s what you can do to prepare before you submit your online title loan application:
- Get a co-signer, if necessary. You don’t need perfect credit to qualify for a title loan, which is why It’s easier to qualify for a title loan than it is to qualify for a traditional personal loan. However, if you don’t qualify on your own, you may want to consider adding a co-signer to your application. Find someone who has good credit and is willing to take on the responsibilities of being a co-signer.
- Write down your vehicle’s information. Because your vehicle is used as collateral, it plays a big role in the title loan application process. Be prepared to provide some information on your vehicle, including its make, model, year, and mileage.
- Gather the required documentation. If you’re about to submit an online title loan application, it may be helpful to gather the required documentation in advance. This way, you will have everything you need to quickly complete your submission and collect your cash.
What Will You Need to Submit When Applying for Auto Title Loans Online?
The title loan company will ask you to submit a number of documents when you apply for a title loan online. The required documentation may vary depending on the lender, but in general, be prepared to submit:
- Your Vehicle’s Title
- Driver’s License
- Proof of Income
- Proof of Residence
- Proof of Auto Insurance
Your Vehicle’s Title
You will need to submit the title to your vehicle when you apply for an auto title loan online. The title must have your name on it, which indicates that you are the legal owner of the vehicle. You cannot use a title as collateral if it does not have your name on it. However, you can use a title if it has more than one name on it, as long as your name is one of the names listed.
Don’t throw in the towel if you can’t find the title to your vehicle. Let your lender know about your situation as soon as possible. They can walk you through the steps of obtaining another copy of your title so you can complete your title loan application.
It’s important to note that
salvage titles cannot be used as collateral for title loans. If your vehicle has a salvage title, this means that it has suffered significant damage at some point. Having a history of significant damage makes it very difficult for a title loan company to estimate a vehicle’s value, which is why these titles aren’t accepted as collateral.
Driver’s License
Your title loan company will ask you to submit some form of identification such as your driver’s license. If you don’t have a driver’s license, the title loan company may accept other forms of proof of identification. Talk to your lender to find out what documents you can submit to meet this requirement.
How to Get Auto Title Loans Online
Now you should have the information you need to prepare for your online auto title loan application. If you’re ready to get fast cash, follow these steps to apply for auto title loans online from 1(800)CAR-TITLE®:
- Contact our loan specialists. The first step is getting in touch with our team of loan specialists. To do this, you can either submit your information using the form on our website or call us directly at 1-800-227-8485. If you submit an online form, someone from our team will reach out to you as soon as possible.
- Request a free loan estimate. You can find out how much you are approved to borrow in a matter of minutes by requesting a free loan estimate. To prepare this estimate, your loan specialist will need to know more about your vehicle, including its make, model, year, mileage, and condition.
- Submit the required documentation. If you are happy with the terms of your loan estimate, complete your title loan application by submitting the required documentation. You will also need to sign a number of documents to complete this step of the process.
- Get your cash. Once you are approved, you can collect your cash in person at one of our locations. You also have the option of getting your cash sent to you via check or wire transfer.
Getting fast cash has never been easier. Start the process of
applying for auto title loans online now.
MArcela De Vivo • Apr 20, 2023
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USA Patriot Act Disclosure: Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Loans may be made by one of several lenders, including: Wilshire Commercial Capital L.L.C. dba 1 (800) Car-Title and Wilshire Consumer Credit, a licensed lender in certain states. Loans not available in all states. In California, loans are made pursuant to a Department of Business Oversight California Finance Lenders License. See State Disclosures for additional information.
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Wilshire Commercial Capital, LLC dba 1 (800) Car-Title and Wilshire Consumer Credit is located at 4727 Wilshire Blvd, Suite 100, Los Angeles, CA 90010.
TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL Tracy Bergiman, Director of Compliance, 4751 Wilshire Blvd. Suite 100, Los Angeles, CA 90010, 323-837-5775, tbergiman@westlakefinancial.com.
New Mexico Only: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at
(505) 476-4885 or visit the website: https://www.rld.nm.gov/financial-institutions/.