A car title loan can be one of the best loan options for people that need emergency cash as soon as possible because the approval process is simple and quick. If you’re stressing out about your upcoming rent payment or an unpaid medical bill, look into obtaining a car title loan!
ChoiceCash Title Loans can offer eligible inquirers beneficial perks and affordable repayment terms, check out the 3-step approval process below.1
Auto Title Loan Process Step 1: Inquiry for a Car Title Loan
The inquiry process for a car title loan is a breeze when you work with ChoiceCash Title Loans. To see if your car qualifies, you can choose to call or click online. Speak to an agent over the phone by dialing (855) 277-4847 or answer a few questions online through the car title loan inquiry form.
ChoiceCash Title Loans offer free estimates for car title loans in as little as 5 minutes!1 All you need to do is answer a few basic questions about your car to get a preapproval decision for a car title loan.1
You will be asked for the following information:
- Vehicle Year
- Make and Model
- Style of Car
- Mileage Range
- Your State of Residence
If your car qualifies, you can submit your contact details so an agent can speak with you about the next steps in the auto title loan approval process.
Vehicle Title Loan Process Step 2: Documentation
Instead of traveling to an office location to turn in your documents in-person, you can just upload them online! ChoiceCash Title Loans offer an online car title loan process for your convenience. Use your phone to snap images of your paperwork or use a printer scanner instead.
In addition to submitting documents, you are required to undergo a car inspection as part of the car title loan process. But with ChoiceCash Title Loans, you can avoid the unnecessary drive down to an office location and just submit photos of your car!
These are the general items you will be asked to provide for a car title loan:
- Car Title: The car title to your qualifying car must be in your name.
- Proof of Income: One of the perks of the car title loan process is that numerous types of documents can be used as proof of income. If you are self-employed or even unemployed, but you earn enough money to repay your car title loan, you could use alternative proof of income!1 You could provide bank statements, paycheck stubs, tax returns, government award letters, etc.
- Proof of Identification: To get a car title loan, you will be asked to provide a government-issued photo ID. You could show a driver’s license, state ID, or U.S. passport.
- Proof of Address: You will need to provide proof of address for a car title loan. You can show a recent utility bill, credit card statement, insurance statement, a lease agreement, etc.
- Photos of the Car: To successfully complete the online car inspection process, you will be asked to provide clear images of the odometer, VIN, and all four sides of the car.
- References: You may be asked to provide personal or professional references.
Title Loan Process Step 3: Approval
Once you have uploaded your required documents, a car title loan agent will complete the approval process by verifying your information. A personalized agreement will be drawn up and you will go through your repayment details at length with your agent. If you are at all confused about the terminology, do not hesitate to ask for clarification.
Your car title loan agreement will contain the following important information:
- Your monthly loan amount
- Your payment due date
- Your interest rate
- Your final payment date
- Contact information for issues/questions
Once you are fully confident in your financial decision, you can proceed to sign on the dotted line to complete the car title loan approval process. You will be supplied with copies of your paperwork and asked how you prefer to receive your emergency money.
ChoiceCash Title Loans offer various convenient methods for money retrieval. If you have an active bank account, you can choose to receive your money via direct deposit. If you prefer to receive a physical check, you can have one mailed overnight to your home. If you live near a MoneyGram, you can pick up your car title loan funds in-person. You could receive financial support in as little as 24 hours after approval with ChoiceCash Title Loans!1
And that’s it! Completing the car title loan approval process is simple and quick with ChoiceCash Title Loans.1 Inquire whenever it’s convenient for you by clicking online or calling.
What Benefits Do Inquirers Get with the Car Title Loan Process?
Aside from a quick car title loan approval process and swift funding, there are a lot of other advantageous benefits you could get with ChoiceCash Title Loans.
Get Financial Rewards with the Car Title Loan Process2
Financial rewards are practically unheard of with other car title loan options. But with ChoiceCash Title Loans, you could get decreasing payments and rates every month simply by paying on time!2 That means every month you could pay a little less. By the time you make your final car title loan payment, you could be paying half as much as your first payment.2
Get Competitive Rates with the Car Title Loan Process
Rates with the car title loan process can make repayment stressful or easy. Luckily, ChoiceCash Title Loans offer competitive interest rates right from the beginning. You don’t have to worry about trying to fit in loan payments in your monthly budget.
Bad Credit is OK with the Car Title Loan Process1
Having bad credit could disqualify you for traditional bank loans. But credit is not taken into consideration with the car title loan approval process.1 Instead, qualification is dependent on the value of your car and your ability to make payments on time.