What requirements do I need to get approved for an auto title loan?
Paid-off car with a clean title and a willingness to pay back the loan.
What sort of documents do I need to provide to get an auto title loan?
You will need the following documents to get a car title loan (call us if you have any questions):
Typically you will need to provide basic documents such as junk mail, proof of income, a phone bill, and personal references. Based on the loan amount, or situation, we may ask for additional documentation, which we will let you know at the time you apply.
Does my car need to be paid off?
Actually no. Many people who have a few payments left on any loan (car title loan with another company, bank loan, dealership financing, etc.) still qualify. What we will do is pay off the loan and you get the extra cash. It's a great way to improve or save your credit score and get caught up.
How long would it take to qualify for a car title loan?
The entire application process is extremely quick and easy. Qualifying for your auto equity loan takes a few short minutes, and your funds can be issued to you from 1-800LoanMart in as little as an hour.
Do I need to be currently employed?
No. We do need to know that you have the means to make payments. This means you need some sort of income which you can prove. Talk to us about the amounts but don't worry, as we do allow co-signers if needed.
Can I be on disability or retirement?
Yes. You can also be on contract or self-employed. This is a great option for people who have income that varies monthly.
Do I need to have a bank account?
Only if you are self-employed, otherwise no.
Would it be possible for me to have a co-signer on my title loan?
Yes, you are allowed to use a co-signer on your auto title loan.
If you have a co-signer on your car title loan, we'll need a completed application from him or her as well as a copy of his or her valid California driver's license, proof of current residence, and proof of gross income. We also keep all non-public personal data private and we don’t let the borrower know the co-signer's data and vice versa.
How much does my car have to be worth?
The car needs to be worth more than the amount of money you are borrowing. It takes 2 minutes to find out how much you can borrow. Call today to see how much your car qualifies for, there is no charge and no obligation.
How much can I borrow?
Each state is different; Utah and Illinois loans start at $1,500 and up. California loans start at $2,510 and up. Arizona and New Mexico loans start at $750 and up.
What is the maximum amount I can borrow on an auto title loan?
The maximum amount you can borrow is based on the value of your vehicle and the equity you have as well.
Can I do whatever I want with the funds I borrow?
Yes, of course you can. After all, it is your money. You can spend it however you please! There are definitely no restrictions or limits on how you use or what you can do with the money you borrow. You can use it to pay overdue bills, for an unexpected medical emergency, to make repairs or improvements your home or vehicle, to take a nice vacation, and for many other things. We always suggest you use the money you borrow responsibly since you will need to pay it back.