What Documents Do I Need for a Title Loan?

The number one question we get asked most often at TFC Title Loans is: what documents do I need for a title loan? It is a valid question because a lot of lenders and state requirements are different. If you are trying to determine the answer to your question before you decide to apply for a title loan, then this is the perfect page to be on.

We, at TFC Title Loans, have been working hard since 1994 to make the requirements for getting a title loan as simple as possible. We try to narrow down the list of documents so that there is less work for you while still learning everything we need to know before approving you. We can do this because a title loan is a secured loan which means that the loan has collateral. Your loan amount is determined by the value in your vehicle. We don’t even require you to have a good credit score. We do check your credit but we only do so to ensure that you aren’t currently in active bankruptcy or in credit counseling.

For almost 25 years, we have consistently made our customers our top priority which is why we care about transparency and making sure you understand the entire lending process. To understand better please continue reading. If you decide that you have all the documents needed for your approval and are ready to get started, then fill out our application or give us a call today!

Full List of Documents Needed to Get a Title Loan

  • The original vehicle title showing sole ownership
  • A government-issued identification matching the name on the title
  • Some proof of residency matching the name on the title
  • Your current vehicle registration
  • Proof of vehicle insurance
  • Some proof of income or ability to repay the loan
  • Names and phone numbers of four references
  • Six pictures of the vehicle from all four sides as well as the vin plate and the odometer

Vehicle Documents

  • The original vehicle title showing sole ownership
  • Your current vehicle registration
  • Proof of vehicle insurance
  • Six pictures of the vehicle from all four sides as well as the vin plate and the odometer

The title of your vehicle needs to be free and clear which means that there aren’t any current liens placed on it and that it is paid off. However, there are options for refinancing a title loan that you may have taken out with another lender. In that case the title does not need to be free and clear at first. You can read more about our refinancing offers here. Even though the vehicle should be paid off, we can still help you out if there are a few payments left. We only require that the vehicle is mostly paid off. If you do not have sole ownership of the car, then you should know there are ways of doing the loan with more than one owner on it as long as you are one of them. We require proof of insurance so we are assured that we are protected against loss if something were to happen to the car while our lien is placed on the title. Also, we need a grand total of six vehicle pictures which would include all four sides of the vehicle as well as the vin plate and the odometer.

Identification Documents

  • A government-issued identification matching the name on the title

We require that you present a form of identification so we can verify your identity and match it to the name on the title and registration of the car. If you don’t have a driver’s license even though you own the car then you are also welcome to use a state-issued ID, a military identification, or a passport.

Residency Documents

  • Some proof of residency matching the name on the title

Title loans are not available in every state in the U.S. which is why it is necessary for us to see proof that you live in a state where title loans are available. The proof of residency needs to be dated within thirty days of the time that you submit the documents to us. These documents also help verify your identity along with the identification documents. There are many different documents that can be proof of residency including utility bills, a lease agreement, the deed to a house, an internet or cable bill, or a letter from a landlord.

Financial Documents

  • Some proof of income or ability to repay the loan

It’s necessary to provide some sort of proof of income but that proof of income does not need to be proof of employment. All we need to confirm is that some consistent amount of money is being deposited into your checking or savings account on a regular basis. That money can be from employment, disability benefits, unemployment benefits, retirement, inheritance, or another form of consistent income. That proof of income, just like the proof of residency, needs to be dated within thirty days of the time the documentation is submitted to us.

Reference Information

  • Names and phone numbers of four references

We require references so that we can verify your identity. There is no need to worry about your situation being shared with the references you gave us if you don’t want it to be. We know that many people don’t want their friends or family to know that they are struggling financially or that they are taking out a loan so we make a point not to disclose any information whatsoever when we call your references. We only ask them if they know you and can confirm who you are.

If you are left with any questions whatsoever after learning about all the documents that you need for a title loan, then please give us a call. We have customer representatives standing by who would be happy to answer all the questions that you have. However, if you have decided that you would like to apply for a title loan with TFC Title Loans then get started with our online application today!

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