The bills may be mounting up; maybe you lost your job, or your expenses have increased because of unpredictable circumstances. You might have applied for a traditional loan only to be denied or tried other ways to make money only to come up short. Now you may wonder, “are there title loans near me?”

Nonessential businesses—including some lenders—may not be operating from a brick and mortar location. If you are interested in pursuing a title loan, though, you can visit LoanCenter online to investigate your options and see if this type of loan is right for you…and your financial circumstances.

How Much Can I Get for a Title Loan?

The amount you can receive from a title loan depends on the value of your car. There are many issues that can impact the value of your car including make/model, age, mileage, and condition.  Other outstanding loan amounts for your vehicle also can decrease the value. If you are curious about what your car is worth, you can request an estimate online. Keep in mind, though, that an estimate is for informational purposes only and doesn’t guarantee that this estimate will match the actual value upon which your loan amount is determined.

Some title loans are limited because of state laws, and legal mandates can affect the minimum or maximum amount you could borrow. In addition, lenders also may place limits regarding loan amounts.

Title Loans Near Me

What is Needed for a Title Loan?

Applying for a title loan is fairly simple. When you apply through LoanCenter, you will need your car title, and you also will need to provide basic information for the loan. We will look at your credit score to help determine your credit risk. The value of your car, which serves as the collateral for the loan, also will be determined. While those with poor credit may still qualify for a title loan, the interest rate may reflect this risk.

If you don’t have access to your title, don’t worry. Our loan representatives can help find a missing title. However, a missing title could delay the processing of your loan.

Can I Get a Title Loan with No Job and a Title?

If you recently lost your job, you could still apply for a title loan and those without a job may still be approved. However, be sure to read all the terms of the loan and understand the payment obligations. These loans are meant to be loans that should be paid off quickly. If you are unemployed, your first step may be to find state, local or federal resources that can help.

Do I Need Insurance for a Title Loan?

If you’re currently driving your vehicle, you must abide by all state laws related to automobile insurance including minimum coverage guidelines.

Do You Need a Bank Account for a Title Loan?

You do not need a bank account for a title loan. Our loan officers can work with you regarding how you would like your loan processed.

Do I Need a License to Get a Title Loan?

You do not need a driver’s license to get a title loan; however, you do need to be the owner of the vehicle. Some couples may have dual ownership of the vehicle, but only one person may have a license. The other owner might have had great credit and needed to be on the loan but might not be able to drive.

Do You Need Pay Stubs for a Title Loan?

Not necessarily, however, we do ask that you show your ability to repay the loan. You will also need to have access to your car title, and the lender will check your credit score. A title loan uses the resale value of your car as the collateral for the loan.

I Need a Certain Amount, Are Loans Negotiable?

You may look at your budget and determine that you absolutely need a specific amount of money to make ends meet. Are loans negotiable? Can you request more money?

Unfortunately, title loan amounts are non-negotiable. We can only approve loan values up to the amount of your car’s resale value. In addition, state and/or local laws also may set loan minimum/maximum amounts. In areas where loan minimums apply, you cannot secure a title loan if your car’s resale value does not meet or exceed that minimum amount. In states or areas where loan maximum values are restricted, we cannot loan beyond that value.

For this reason, it’s very important that you don’t expect to receive a specific amount. There are so many factors that affect the amount of a title loan, and this is why the loan amount is non-negotiable.

Can I Still Drive My Car? Do I Still Own My Car?

When you receive a title loan, the lender places a lien on your car. If you took out a loan to purchase the car, your original lender also placed a lien on the title. A lien means that the lender has a financial interest in the vehicle. You can’t sell a car until—and unless—all lien holders are paid first.

When a title lender places a lien on your car, you can still drive it. You also still own the car, but you will share ownership with the lender.

Can I Get a Title Loan Online?

Yes! You can apply for a title loan online with LoanCenter. Our application process is simple and quick, and our loan officers will work with you throughout the process and will answer any questions. If you’re approved, review all the paperwork so you understand the loan terms—including monthly payments and the interest rate. In most cases, you should have the cash you need the same day you apply.

How Do I Apply Online?

Ready to apply for a title loan? Visit LoanCenter to apply online today!

Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 3PM PST on a business day.