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26 Mar 2019   /   0 comments

Requirements to Get a Car Title Loan


dogeLife can sometimes hit us with unexpected financial obligations, and they can be expensive. From a medical emergency or a mechanical issue with your home or car, a car title loan may be the solution to solving your finances.

If you’re not familiar with these loans, you’re probably wondering how to get a car title loan. When getting a car title loan, it’s important to know the requirements and how to apply with the right title loan lender.

Requirements for Car Title Loans

With TFC Title Loans, there aren’t many requirements when it comes to qualifying for a car title loan. The first thing you need in order to qualify for a car title loan is a clear-and-free vehicle title.

This means that you don’t owe any money on the vehicle and you have the title in your possession. If you don’t have the title or have misplaced it, you can check with your local DMV on how to acquire a new one. Still paying off on your car? Find out how you can get a car title loan if you still owe money on your original loan.

After the title of your vehicle, you’ll need to have the ability to pay back the loan once your monthly loan payments kick in. Having an ability to pay back the loan does not mean you need to have a job. “Proof of income” can be unemployment, social security, retirement funds, or another source of income.

With a clear-and-free vehicle title and the ability to pay back your loan, TFC Title Loans offers higher approval rates than most car title loan lenders so you are already just one step away from getting a car title loan to cover your daunting expenses.

Required Documents for Car Title Loans

Once you submit your loan application, a TFC representative gets in contact with you to request important documentation to verify your identity and the identity of the vehicle. It allows them to provide you with the most accurate car title loan quote that TFC will have to offer. Double check to make sure you have these documents when applying for a car title loan with TFC:

  • Original vehicle title
  • Government issued ID
    • Driver’s license, state ID, passport
  • Proof of residence
    • Utility bill, cable bill, credit card statement
  • Proof of vehicle insurance
  • Proof of income/ability to pay loan
  • Pictures of the vehicle
  • 6 references, 1 a family relative
    • Name, phone number, relationship

Where to Get a Car Title Loan

With TFC Title Loans, we offer a variety of mediums to apply for our car title loans. The first source to apply from is our online application. This application is extremely simple and can be done in less than 5 minutes. The application asks for your name, phone number, email, and the year and make of your vehicle. Once you submit that application, a TFC agent will receive your information and will have the necessary information to get started with your quote.

You can also apply for a car title loan by calling our toll-free number. There, you can speak with a real TFC agent and provide them with all the information they need on your car. They will ask for the same information as the online application, along with the required documentation for your application.

TFC Title Loans has many locations across California, New Mexico, and Arizona for our customers to take advantage of. The old-fashioned way, you can head into one of our TFC locations and apply in person. Make sure you have all the required documentation so you can get your money as quickly as possible!

How to Get a Car Title Loan

The loan application process is quick and easy with TFC Title Loans. We make it simple, condensing the full process into 3 steps. It’s that easy, and before you know it you’ll have your car title loan funds in as little as one business day.

Step One: Apply

As mentioned previously, you can apply with TFC Title Loans in many different ways. You can submit an application online, request your loan by phone at (844) 242-3543, or head to your nearest TFC qualifying location. In a matter of minutes, our TFC agent will contact you with your free quote.

Step Two: Submit Requirements

Once your application is received, a TFC agent will contact you to ask for your verifying documentation so they can finalize your loan process. If you have the information and documents ready to send, this step can be completed in under 60 minutes if you’re applying through our website or by phone.

If you decide to apply in person, the amount of time it will take will depend on other customers applying at the time you are. Regardless of how you are applying, having these documents prepared can help speed up the loan finalization process significantly. The required documents can be found above.

Step Three: Sign & Collect!

Once your TFC agent has received your required documents and the loan has been finalized, the last step of your process is to have your vehicle inspected and then you can sign your contract to collect your funds.

The inspection is very quick, completed in just a few minutes. The vehicle inspection is just to ensure that your vehicle is the correct car and it does not have any major damage that would affect the equity value of the car.

You TFC agent will have your contract ready with your terms and agreement. Every TFC customer receives a unique contract that is tailored to their situation and needs. We make sure every customer understands the thought and detail we put into every application that comes through. Your terms will be discussed prior to your signing with your representative when you go over the loan amount.

You and your TFC agent will sign the terms agreement, demonstrating that you understand the payback agreement as well as your individual terms. You can expect to receive anywhere from $2,500 to $50,000 with a flexible payback term of 24 to 36 months. There are no hidden fees or prepayment penalties, so you’ll be able to pay off your loan as early as you want! You will be able to walk out of TFC Title Loans with your funds in hand, ready to pay off your financial difficulty with the same ease as applying for your car title loan.

Benefits of a Car Title Loan with TFC Title Loans

Finding financial assistance is never a pleasant process. Being in immediate need of funding is stressful enough, not to mention all of life’s other worries. TFC Title Loans aims to make it easier for applicants by creating many benefits for them to take advantage of:

  • Funding in as little as one business day
  • From $2,500 to $50,000 for qualifying customers
  • Attentive customer service
  • Loan terms ranging from 24 to 36 months
  • Drive while you pay off your car title loan
  • No prepayment penalties
  • High approval rates
  • Any credit score accepted

Until you apply with TFC Title Loans, you won’t know how a car title loan may benefit you. By talking with an agent, you can see whether you qualify for a car title loan. Another positive about TFC Title Loans is there is no obligation when you inquire about a car title loan quote. If you don’t like the terms or loan amount, you will not be charged for not continue. So, what are you waiting for? Apply with TFC Title Loans today!

Frequently Asked Questions
What Do I Need to Get a Car Title Loan?

When applying for a title loan, you'll need your clear vehicle title in your name, a valid government issued-ID, proof of residency, and proof of income. Any additional documents and requirements will vary by lender and state.

How Do I Take Out a Title Loan?

You'll need to give the lender your car title, verify your identification, and get approved. You can continue to drive your car during the repayment period.

What are the requirements to get car title loans?

To apply for title loans, you need to be at least 18 years of age or older, own a vehicle, hold a lien-free car title with your name on it, and have a reliable source of income.

How Much Cash Can i Get?

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