How to Get a Title Loan with a Suspended License

Let’s say another urgent bill is coming due soon. However, your savings aren’t enough to cover it. You do have a steady job and a car registered in your name, so you’re considering a title loan because you’ve heard your credit history might not matter as much for loan approval.¹ But there’s another wrinkle – your driver’s license is currently suspended. Don’t worry though, some vehicle-secured lenders will consider your application even if your license is suspended. Here’s how to get a title loan with a suspended or revoked license.

How Title Loans Work

A title loan serviced by LoanMart functions as an installment loan, secured by a lien on the title to your car or truck. The lien is removed when the loan is repaid in full. However, because you pledge the title to your vehicle as collateral, the lender can sell it to recover the unpaid balance if you default on the loan.¹ This is why it is important to know you can repay the loan before signing the agreement and accepting the cash.

Qualifying for an auto title loan serviced by LoanMart is easier than getting approved for a traditional bank or credit union loan.¹ Approval for car title borrowing focuses more on the vehicle’s value and the nature of your income than it does your credit score.¹ Further, you don’t even need a bank account to receive your cash or to make payments. Title loans serviced by LoanMart offer a number of convenient ways to do both.

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How are Title Loans Different from Other Loans? 

Auto title loans offer easier qualification requirements and quicker approval times than most traditional bank financing options do. Additionally, bad credit is not an unsurmountable obstacle with LoanMart serviced title loans.¹ These factors make car equity loans a convenient option for applicants who might not qualify with banks or credit unions. Car collateral borrowing also has competitive interest rates when compared to payday loans or other types of subprime borrowing. And, unlike auto pawn loans, you can keep your vehicle, as long as your payments are made in a timely fashion. 

Basic Requirements for Securing a Title Loan With Suspended License

The requirements for getting a LoanMart-serviced auto equity loan are pretty straightforward. You must be at least 18 years old and reside in the state in which you’re applying.¹ You also need a verifiable source of income that will allow you to make the payments on the loan. The title to a vehicle in your name, with enough value in it to support the loan amount is also required. The value of the vehicle is determined by its make, model, age and condition. To prepare your vehicle for the application process, make sure it is freshly washed, clean and free of clutter before you photograph it. 

Required Documentation for a Title Loan Serviced by LoanMart

You’ll need some form of valid government-issued identification, such as a driver’s license, state ID card or a passport. You’ll also need proof of your address, like a recent utility bill or a current rental or lease agreement. Similarly, income verification, such as pay stubs or bank statements are required, along with recent photos of your vehicle’s exterior, interior and VIN.

Increasing Your Loan Approval Chances

To prevent delays in the application process, consider these tips that can make your loan process smooth and efficient, even while your driving privileges are revoked or suspended:¹

• Set aside a block of time to carefully complete your application.
• Call LoanMart’s customer service and support team at 855-422-7412 if you aren’t sure what’s required for your application.
• Make sure your government-issued photo ID is current – if you had to physically surrender your driver’s license, make sure you have another government-issued ID that’s unexpired.
• Be certain the photos of your auto are clear and current.

Getting a Title Loan with a Suspended License

There are cases in which having a suspended license can affect your eligibility for a title loan. However, the extent of that effect depends on the lender’s criteria and the regulations in your state. Car equity lenders typically ask for photo identification when you apply. While some lenders specifically require a driver’s license, others may accept an alternative government-issued ID, such as a passport or military ID.

If the lender insists on a valid driver’s license, a suspension could prevent you from qualifying for an auto title loan, especially if an in-person visit is necessary. Since you’re prohibited from driving with a suspended license, this requirement poses a significant barrier. In this case, you’ll need a lender that accepts online applications.

Can I Get a Title Loan Through LoanMart with a Suspended License?

Yes! While you may not legally drive your car until your license is reinstated, this does not typically prevent you from getting a LoanMart serviced vehicle title loan.¹ The application for an auto title loan serviced by LoanMart can be completed both online and over the phone. And, no in-person vehicle inspection is required, so there’s no need to worry about having to drive to a title loan store with your suspended license.

To verify your identity and age, any form of government-issued ID will work, as long as the ID is not expired. So even if you had to surrender your driver’s license while you are waiting for the suspension period to end or while you are appealing the suspension, you can get approved for a car title loan serviced by LoanMart!¹ Just be sure that you have another government-issued picture ID like a passport, state-ID or similar.

Some title loan providers and other financial companies may care about the reason your license was suspended. For example, auto lenders or insurance companies may consider DUI history to be a risk factor, and not approve you for that reason. With vehicle-secured loans serviced by LoanMart however, the reason for your suspension does not matter! Whether you have a DUI, outstanding unpaid fines, excessive points on your driving record or a reckless driving issue, the suspension reason has no impact at all on your chances to get approved for a LoanMart-serviced car title loan!¹

So yes, the cash you need could be a few clicks or a phone call away, even while your driving privileges are revoked.¹

Apply today for an online title loan with suspended license serviced by LoanMart!