If you have access to a pink slip that has your name on it, congratulations! You have access to a valuable asset that you could use to get cash for financial emergencies. There are two main funding options that allow you to get cash for a pink slip, but which is right for your current situation?
What Are My Loan Options to Get Cash for a Pink Slip?
If you have a pink slip in your name and you need fast cash, it’s important that you read about the pros and cons of secured loans. A secured loan is a type of loan that requires the use of an asset as collateral to secure funding.
If you want cash for a pink slip, your loan options include car title loans and auto pawn loans.
Auto Pawn Loans
An auto pawn loan is obtained at a pawn shop. You will need to drive your car to a store location to have the car inspected by an agent. Auto pawn loan rates are typically very high and your repayment terms can be quite short.
A lot of pawn shops require you to temporarily give up the use of your car during the repayment process. So while you are paying off the loan, the car will be parked at a secure lot. This can be incredibly inconvenient if you only have one vehicle.
Car Title Loans
When you work with ChoiceCash Title Loans, you could obtain cash for your pink slip conveniently online.1 This means you don’t have to take time out of your day to visit a store in-person. And unlike with auto pawn loans, your payment amount and interest rate could decrease every single month through on time payments!2 So every time you pay, you could keep a little extra money in your pocket for other expenses.2
And if you only have one car in your possession, know that you could keep driving while you repay your car title loan when you work with ChoiceCash Title Loans! 1
How Quickly Can I Get Cash for a Pink Slip?
Want fast cash for a pink slip? When you work with ChoiceCash Title Loans, you could look forward to financial relief in as little as 24 hours!1
There is no need to undergo a long arduous process when you need cash for your pink slip as soon as possible. The approval process with ChoiceCash Title Loans is short–consisting only of three simple steps. Every step of the process can be done online, so you don’t have to waste time traveling to a brick-and-mortar store location.
How to Qualify to Get Cash for a Pink Slip?
To be deemed eligible to receive cash for your pink slip, you will need to have three key items. You will need a qualifying car, a car title in your name, and a reliable source of income. That’s it!
If you meet all three qualifying factors, then you could be preapproved with ChoiceCash Title Loans and start the approval process! A convenient perk of online car title loans is that you can easily upload your documents online by taking photos of the front and back.
These are the general documents you will need to provide to get cash for a pink slip:
- Car Title: The title to your qualifying car must be in your name. If the car title is not currently in your name, then you will need to visit your local DMV to get a duplicate copy or title transfer.
- Proof of Income: Your ability to make payments on time each month is crucial for car title loan approval. You can use various types of documents as proof of income with ChoiceCash Title Loans, such as bank statements, paycheck stubs, government award letters, and more.
- Proof of Residence: As proof of your residential address, you could show recent utility bills, credit card statements, insurance statements, a lease agreement, etc.
- Proof of Identification: Your identity must be proven in order to get cash for a pink slip. You can use any valid government-issued photo ID, such as a state ID, driver’s license, or US passport.
- Photos of the Car: Instead of having the car inspected in-person, you can just submit pictures when you work with ChoiceCash Title Loans! You will need to show the hood, rear, driver’s side, passenger side, odometer, and the VIN.
- References: You may be asked to provide personal or professional references.
Apply to Get Cash for a Pink Slip
Ready to start the 3-step approval process to obtain cash for your pink slip? With ChoiceCash Title Loans, you could get affordable terms and coveted financial rewards simply for being a responsible borrower!2
Take a look at how the approval process will unfold with car title loans:
Step 1: Submitting an Inquiry
The first step in getting cash for your pink slip is to contact an agent over the phone by dialing 855-914-2945 or by submitting an online title loan form. If your car qualifies, you could get preapproved and start the process to get your information verified.
Step 2: Uploading Your Documents
Once preapproved to get cash for your pink slip, you can start uploading your required documentation online! Scan your paperwork using a printer scanner or just take pictures using your mobile phone. Ensure the images are clear and that the documents are legible.
Step 3: Getting Cash for Your Pink Slip
Once your documents are submitted online, they will be used to verify your information. If everything checks out, you can be fully approved to get cash with your pink slip! You can then choose to get your emergency cash through direct deposit, a mailed check, or in-person at a local MoneyGram location.