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If you are in need of fast cash but don’t have a traditional job at an employer, you may be wondering if you can get an auto title loan without a paystub. The short answer is Yes! While many loan options have very stringent paystub requirements, car title loans serviced by LoanMart can be obtained with no paystub!1
Do You Need Paystubs for a Title Loan Serviced By LoanMart?
Like most title loans and other credit products, getting a title loan serviced by LoanMart requires that you have some verifiable proof of income. This is generally required to obtain a loan since lenders want to make sure that your loan payments will be affordable. However, this does not mean that all applicants must have a pay stub.
With title loan serviced by LoanMart there are other forms of income evidence that you can present in lieu of a pay stub. Some of those options include are but are not limited to:
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- Proof of disability income
- Evidence of retirement or Social Security income
- Bank statements showing your recurring income
The above are just the most frequently occurring alternatives that borrowers use instead of a paystub to prove their income. If your don’t receive pay slips from an employer and your existing income cannot be proven with one of the above alternative options, talk to your experienced LoanMart title loan agent to discuss alternative documents that you can present.
How Much Can You Borrow Without Paystub?
When getting a title loan serviced by LoanMart, the amount of cash you can get without a paystub primarily depends on the value of your vehicle, and your income.1 In most states, title loans up to $15,000 can be obtained if your car value and personal income qualify.1
How Do You Qualify for a Title Loan Without Paystub?
In order to qualify for a title loan without paystub, you need to meet the normal title loan qualifications that all borrowers must meet. This includes submitting a full application using a paid-off vehicle in your name. Upon initial approval, your loan officer will advise what documents are needed to finalize your title loan.1 While the specifics can change from one borrower to the next, you should expect to provide the following:
- Government-issued form of photo ID
- Proof of residence
- Proof of income alternatives to a regular paystub as mentioned above
- Vehicle pictures and vehicle title
Don’t worry if you have questions about these documents or need to discuss the paystub alternatives in more detail. A title loan officer will be more than happy to assist you.
Benefits of Getting a Title Loan With No Paystub Serviced by LoanMart
Since 2002, LoanMart has been a leading company in the title lending industry. We have helped over 250,000 satisfied customers across the United States get a title loan, including in Arizona, Alabama, Florida, Kentucky and more than 20 other states. Title loans without paystub serviced by LoanMart provide the below benefits among others:
- High approval rate: With title loans serviced by LoanMart, approval is not out of reach even for customers with bad credit.1 When applying for a title loan, having no paystub won’t mean that you will be judged on your credit score alone.
- Responsible loan terms: Title loans serviced by LoanMart are built to work for you, not against you. Even when you don’t have traditional paystub income, payments are designed to be affordable and there is no balloon payment.
- Competitive rates and fees: Whether you have a paystub or not, title loans serviced by LoanMart are competitively priced. In fact, your source of income does not impact the interest rate or fees that you can be approved for when applying for a title loan serviced by LoanMart!1
If you are still looking for a title loan with no paystub nearby, apply online and find out in minutes what you qualify for!1
Frequently Asked Questions:
Can I Get a Title Loan Without a Pay Stub?
Yes! You can apply for a title loan without a pay stub. To qualify for a loan, you must demonstrate your ability to repay the money, but that doesn’t mean you need to have a traditional job. You can use bank statements, tax returns, and other qualifying documents to prove your income.
What Can I Use Instead of a Pay Stub to Get a Title Loan?
Pay stubs are not required to apply for title loans, but you must prove your ability to repay the money. You can use alternative sources of income, like workers’ compensation, Social Security benefits, alimony/child support, and some self employment.
What Documents Do I Need to Apply for a Title Loan Without a Pay Stub?
In addition to providing proof of income without a pay stub, you will also need to submit several documents when applying for a title loan. You must have a valid, government or state-issued photo I.D., proof of address, proof of a vehicle title in your name, and recent photos of your car.
What Are the Requirements for a Title Loan Without a Pay Stub?
You can apply for a title loan without a pay stub, but you must meet the initial requirements first. You must be an adult at least 18 years of age or older, have a vehicle title in your name, have a car with equity, and demonstrate your ability to pay the loan back.
What Are the Benefits of Applying for a Title Loan Without a Pay Stub?
There are many benefits to title loans beyond the flexibility of the application process! At LoanMart, you can apply online at any time of the day or night. Bad credit is not always an issue, and there are no hidden fees or prepayment penalties!1 5
