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Getting a Title Loan Without a Social Security Number

If you don’t have a Social Security number (SSN) or are currently unable to use one, you might be wondering how you might be able to borrow money. A lender will generally require you to provide your SSN during the inquiry process, and you might think you’re out of luck if you’re unable to provide one. Fortunately, there may be an option available for anyone looking to borrow money without an SSN.

Can I Use an ITIN to Get a Title Loan?

If you have an Individual Taxpayer Identification Number (ITIN), you might still be able to borrow money. An ITIN  allows individuals without a Social Security number to file taxes within the United States. More specifically, if you’re required to pay income tax but are not a US citizen or a legal permanent resident, you may be issued an ITIN by the Internal Revenue Service.

For all intents and purposes, this means you can use an ITIN for almost exactly the same reasons as a Social Security number – and that includes getting a loan.

How Does an Auto Title Loan Work?

Although some lenders will still require an SSN, there are other companies and lenders that take a more flexible approach. For example, an auto title loan might be a good option as lenders are often more able to accept alternative forms of documentation. Also known as pink slip loans, these allow you to borrow money by using your vehicle’s title as collateral for the loan.

Since your car’s title is your collateral, your credit score doesn’t play a major role in the decision-making process. This means that borrowers with challenged credit may still find funding, even if other lenders have turned them down.1 It also means you could have easy access to thousands of dollars, compared to a payday loan which might only provide a few hundred.

Once you have your money, the lender applies a lien to your vehicle’s title. You’ll still be able to keep and drive your car as you’re making payments, and once the loan has been repaid, the lien is removed.

How is a ChoiceCash Title Loan, Serviced by LoanMart, Different?

Almost every loan works in more or less the same way: you borrow the money and then you spend the money, but once the money’s gone you’re left with the payments. Some loans could have payments that last as long as five years and this can seem like a long time if you’re no longer enjoying any of the benefits.

A ChoiceCash Title Loan, serviced by LoanMart, works differently. With every on-time monthly payment, you can get a drop in your interest rate, which means a lower payment the following month.2 Keep making your payments on time and you could see your payments drop by nearly half over the lifetime of the loan.

Can I Get a ChoiceCash Title Loan with an ITIN?

Yes! You don’t need a Social Security number to qualify for a ChoiceCash Title Loan, serviced by LoanMart. As long as you have a valid ITIN you could be eligible to borrow money.1

You also won’t need to provide a lot of documentation either. For example, the vast majority of borrowers will only need to submit the following:

  • Proof of Income – Pay stubs or bank statements
  • Proof of Residence – Almost any mail from the past 30 days is acceptable
  • Vehicle Title – You must be named as the owner of the vehicle
  • Vehicle Photos – All four sides, plus the odometer and the VIN
  • References – Either personal or professional

You can submit your documents online, via email or even SMS text message. Once submitted and approved, you only need to sign for your loan and choose how you’d like to receive your cash.

A ChoiceCash Title Loan offers these great funding options:

  • Cash – Pick up your money at any convenient MoneyGram location
  • Bank Transfer – Have your money deposited directly into your bank account
  • Mailed Check – Have your check overnighted to you

The whole process, from start to finish, can be completed from your living room – and in less than 24 hours – so there’s no need to even leave the comfort of your home.1

How Can I Apply for a ChoiceCash Title Loan?

The inquiry process is very quick and easy. Simply apply online or call 1-855-914-2945  toll free to speak to a friendly loan expert. You could find out in minutes if you’ve been approved and how much you could borrow.1 Your loan representative will then explain the next steps and will be there to answer any questions you might have.

Not having a Social Security number shouldn’t stop you from being able to borrow the money you need. Call 1-855-914-2945 or visit the informative website and you could be holding your emergency money in your hand as soon as today!1


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