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Car title loans can give people the ability to get the money they need without having to fill out mountains of paperwork. Many applicants worry about a credit check affecting their chances to receive approval. A car title loan is a secured loan that uses an item as collateral for the loan. In this case, that is the title of your vehicle, which can help make the approval process flexible and easy, even if your credit isn’t perfect.1

Title loans serviced by LoanMart use the title of your vehicle and your ability to pay the loan back to determine how much you may qualify for.1 Without the title of your car, it defeats the purpose of the car title loan. It determines your initial qualification, so we need proof that the vehicle is yours. Without the title of the vehicle in your name, it is not yours to use as collateral. You will not be able to get a title loan if the title is not signed over to you!

How Can I Get a Title Signed Over to Me for a Title Loan?

Here are some common reasons you may need to transfer the vehicle title into your name.

  • When paying off a loan
  • When inheriting a vehicle – Did your great aunt just pass away? Are you now driving the car she left you in her will? If so, you will need to get the car signed over in your name.
  • When buying a vehicle from another person – Have you purchased a car from a family friend? In order to inquire about a title loan, you’ll need to make sure the vehicle title is in your name.
  • When receiving a gifted vehicle – When you receive a gift, you may think it’s just that a “gift.” You may assume that the car belongs to you as soon as the previous owner hands you the keys. The reality is that you will still need to make sure the vehicle is in your name if you plan to inquire about a title loan.

If you are interested in getting a title loan, know that you can easily get a title signed over to you by following a few steps.

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Take the first step and call our toll-free hotline to speak with a specialist.

To start the car title transfer process, the vehicle’s current owner first has to sign the car title to release ownership. Then, you must visit your local Department of Motor Vehicles (DMV) to request a new car title and registration with your name.

What you will need differs based on which state you reside in, but typically you can expect to present the following:

  • Government-Issued Photo ID
  • Signed Car Title
  • Money for the Transfer Fee (Cash is Preferred)
  • Completed Transfer of Ownership Form

Is There a Fee for Replacing My Car Title if the Title is Not in My Name?

Unfortunately, there is a fee for replacing the title of your vehicle. It may vary between states, from as small as $4 to as much as $95. Some states may also charge additional fees on top of that. You can find out directly from your local DMV how much the total cost will be to replace the car’s title.

After you’ve completed your application and paid the fee, you will be able to receive your new title document. Some states may print out the title for you at their location in person. Many states offer expedited services and shipping, so you can get your title quickly. Once you have it, you can apply for title loans in your city!

What Can I Do About Getting a Title Loan When the Title is Not Signed Over to me?

Are you trying to get a title loan serviced by LoanMart, but have misplaced or lost the title to your vehicle? Or perhaps you are trying to get a vehicle title in your name because you are the owner.

You might be wondering- “Can I get a title loan if the title is not signed over to me or if it is misplaced”?

While you can’t get a title loan without a title, you can actually get a new title document through your local DMV.

A car title loan can be a fast and easy way to get money.3 You may have never thought about what your car’s title could ever come in handy for. It may seem like a silly piece of paper, but it’s a huge factor in the car title loan process. The lender will use the title of your vehicle and your ability to pay back the loan to initially determine if you’ll qualify for a title loan.1 If so, this same information is used to determine your loan amount.1

When you realize you have a lost title, the first step you have to do is inquire about a new one. Each state has a different process for car title replacement, but you can usually complete the process by mail, or in person at your local DMV, or Secretary of State office (SOS).

When you visit the DMV or SOS office in person to inquire about a lost title, you will usually need the following:

  • Government-Issued Photo ID
  • Car Registration
  • Completed Car Title Replacement Form
  • Money for the Replacement Fee

What if I Need to Update a Lost Title?

There are various reasons why someone may need to update their car title. Unfortunately, it’s pretty much impossible to get a title loan if the vehicle title is not currently in your name. However, there are some stipulations to this rule. If more than one name is on the title, you may want to remove a name so the car is entirely yours. Depending on how the title is written, you may be able to apply for a car title loan with two names on the title.1 Or perhaps you want to add a name to the car title, that way you have equal ownership with a family member. Either way, you can easily update a lost title when you go to replace it.

Can I Apply for a Refinanced Loan if I Have a Title Loan and a Lost Title?

Since you cannot get a title loan without a vehicle title that is not in your name, you may be feeling out of luck if you need money and are currently unable to locate a physical copy of your vehicle title. If you needed emergency money and obtained a title pawn, you may have been initially relieved. However, if you find that your terms are not ideal or you need additional quick cash to cover an unexpected expense, consider refinancing!3

When you are approved for a refinanced loan, you could receive a multitude of benefits, such as:

  • Lower Interest Rates
  • More Emergency Money
  • Lower Monthly Payments
  • More Time for Repayment

The process to refinance your title pawn starts with the simple inquiry process. But if you have a lost title, you need to first get a copy of your car title. Once you have completed the process to replace a lost title, you could start the refinance process! 1

Reasons Why I Should Get a Title Loan if the Title is Signed Over to Me

When you are in need of emergency money, you may have a lot of loan options available to you. But a car title loan can come with quick cash, affordable terms, and amazing perks.3

Take a look at some of the benefits you could take advantage of with a title loan:

Reasonable Monthly Payments

If you have a title signed over to you and you use it to obtain a title loan, you could look forward to affordable monthly payments! Title loans can often offer eligible borrowers more time to pay back the loan, which allows monthly payments to be lower!1

Competitive Interest Rates1

Rates for loans can vary, but title loans often come with competitive interest rates! When interest rates are based on up-to-date market research, you can look forward to rates that don’t leave you overwhelmed.1

Quick Emergency Money3

If you have a car title signed over to you, you can inquire for a title loan and get quick emergency money!3 After approval, many eligible borrowers receive their title loan money in as little as one business day!3

Let’s face it, sometimes there is no way you can financially prepare for the unforeseen hurdles life throws your way. There are many different ways that quick cash can come in handy.

Below are only a few things you can use the money for after you receive title loan approval:

  • Funeral Expenses: Did your loved one pass away unexpectedly? Although she had life insurance, the payout doesn’t begin to cover half of the funeral cost. Between the food and venue for the repass, and picking out the perfect casket suitable for her it can become pretty costly. Applying for a title loan may be the best way to go.1
  • Home Repair: It’s the middle of July and your family is enduring what seems like the hottest day of the year, and just your luck-your air conditioner goes out. No one wants to be in a scorching hot house all day, so you try to figure out how you’re going to pay for the repairs. If what’s in your bank account will not cover the repair fees, consider getting a title loan instead.
  • Hospital Bills: You thought your insurance would cover the majority of your husband’s procedure, but weeks later, you receive hospital bills that seem outrageous. You’re not in a position to place the cost on your credit cards, and you need the money from your paycheck to put food on the table. A great option for you would be to consider a title loan.
  • Weddings: Did you know you can also use funds from a title loan for happy occasions? You finally met the love of your life, and you want to celebrate with your friends and family in a major way. A great option to consider is to get a title loan.

Streamlined Process

The title loan process was designed to be convenient and simple. Typically, the inquiry process only involves about 3 steps! Best of all, when you inquire for a title loan online, you could complete a majority of the process right from the comfort of home!

How to Start the Process to Get a Title Loan if the Title is Signed Over to Me

Once you are all set with the name change, you will be able to apply for a car title loan easily! 1 It is possible to get a title loan if the title is signed over to you!

Check out some of the common uses for title loans:

  • Rent
  • Helping a family member or close friend
  • Paying rent
  • Buy an additional car
  • Buying a house
  • Paying taxes
  • Funeral expenses
  • Emergency medical issues
  • ….and many more unexpected situations

You should know that the process typically only requires a few steps for completion! Take a look at how the inquiry process may unfold.

Step 1: Inquiry

When you decide to pursue a title loan, know that you can start by calling (855) 277-4847 to speak directly with a loan agent or by completing the online title loan questionnaire. To determine if you are qualified, a loan agent will ask for basic information on your car. You will be asked for the vehicle year, make, model, style, and current mileage.

Step 2: Documents

If your car is deemed eligible for funding, you may continue with the approval process by submitting your documents. You will be asked for paperwork that details your income, residence, and identity.

Generally, you can expect to provide the following:

  • Car Title: The car title must be signed over to you.
  • Proof of Income: You can provide bank statements, paycheck stubs, etc.
  • Proof of Residence: You can provide credit card statements, phone bills, utility bills, etc.
  • Photo Identification: You can provide a state ID, driver’s license, etc.
  • References: Usually you can provide either personal or professional references.

Step 3: Signing the Title Loan Agreement

Once a title loan agent looks over your paperwork and verifies your information, you can expect to be presented with a title loan agreement. You will go over the repayment details with your agent and you are encouraged to ask as many questions as necessary to understand the logistics of your title loan. Once everything is squared away, you may sign the title loan agreement and choose your preferred money retrieval method!1

If your car title is signed over to you, you may take advantage by inquiring for a title loan! Title loans serviced by LoanMart offer incredible perks, affordable payments, and much more! Start the process when it’s most convenient for you!

CLICK HERE to begin online, or call (855) 277-4847 to speak with a title loan specialist NOW!

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