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No matter how diligent you are with your finances, an unexpected bill or expense may wreak havoc on your budget. If you need emergency money to quickly take care of that expense, consider using a car title loan! Car title loans go by different names, depending on the state you reside in. They are called pink slip loans, auto equity loans, and auto title loans. Getting a car title loan is easy when you work with title loans serviced by LoanMart!1  Keep reading to learn how you can start the inquiry process. 

What are the Requirements to Get a Car Title Loan? 

The requirements to get a car title loan are extremely flexible when you choose to get title loans serviced by LoanMart!1 If you have bad credit, you may not qualify for traditional bank loans since credit is used as the primary factor in qualification. But with car title loans, your past financial decisions don’t affect your eligibility for fast cash!If you are 18 years or older, you will need the following to qualify for a car title loan: 

  • A valuable car 
  • A car title in your name
  • A reliable source of income 

What Documents Do I Need to Get a Car Title Loan? 

To get a car title loan, you only need minimal documents–just one of the perks of this fast loan option. Title loans serviced by LoanMart offer eligible borrowers the convenience of an online process. To submit your paperwork, just pull out your phone and take some pictures! Generally, you can expect to need the following documents: 

  • Car Title: The car title must be in your name. If your car currently belongs to someone else, you will need to request a title transfer at your local DMV. If you lost your title, you can request a duplicate copy at the DMV as well. 
  • Proof of Income: Title loans serviced by LoanMart usually accept a wide variety of documents as proof of income.1 You can provide bank statements, paycheck stubs, invoices, etc. 
  • Proof of Residence: You will need to show proof of your residence for car title loans. You can provide credit card statements, phone bill, utility bills, etc. 
  • Photo Identification: A government-issued photo ID is needed to verify your identity for car title loans. You can provide a state ID, driver’s license, or US passport. 
  • References: Usually you can provide either personal or professional references. 

How Quickly Can I Get My Car Title Loan Money? 

When you choose to get a title loan serviced by LoanMart, you don’t have to wait long to get the emergency money you need. In about 5 minutes, you could receive a free car title loan estimate just by providing your car specifics.1 And once you are fully approved for quick cash, you could look forward to receiving your money in less than 24 hours!1

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 How Can I Get My Car Title Loan Money?

 Once you are fully approved to get a car title loan, you will be presented with an agreement that details your repayment terms and conditions. After you sign on the dotted line, you can choose to receive your auto title loan money through one of the following methods:

  • Direct deposit to a bank account
  • Pick up your funds at a participating money transfer location near you.
  • A check sent overnight in the mail 

Are there Spending Restrictions with Car Title Loans? 

If you are interested in getting a car title loan online, you may wonder what you are allowed to spend your money on. Title loans serviced by LoanMart have no restrictions on what expenses you can spend your money on, so you could cover the cost of just about any unexpected bill that is currently stressing you out. Take a look at some of the reasons why people usually need a car title loan:

  • Covering the cost of necessary veterinary surgery 
  • Paying off a bill for a recent hospital visit 
  • Obtaining expensive medical equipment and supplies
  • Replacing an HVAC system for your home 
  • Consolidating your various credit cards 
  • Catching up on late rent or mortgage payments 

What is the Approval Process Like to Get a Car Title Loan?

 The approval process for car title loans is easy and straightforward when you work with title loans serviced by LoanMart. There are only three simple steps to follow, and you could complete the process online without having to drive down to a store location in-person. 

Take a look at how you could start the approval process for a car title loan: 

  1. Start Your Inquiry: To see if you can secure a car title loan by using your vehicle, just complete the online title loan form or speak to an agent by calling (855) 277-4847. You will be asked to provide your car year, make, model, style, and mileage. 
  2. Submit Your Paperwork: If your car qualifies for a car title loan, you can start uploading your paperwork online. You can easily upload your documents online and have an agent quickly verify your information.
  3. Get Approved1 : Once a car title loan agent verifies your information and paperwork, an agreement will be drawn up and you will be fully approved for fast money! Once you sign on the dotted line, you could get the car title loan you need in as little as 24 hours! 1