When financial emergencies happen, whether it’s a surprise car repair, a medical bill, or an urgent home expense, finding help can be hard when you have bad credit. That’s where car title loans can make a difference.
If you’ve ever wondered, “Can I get a title loan with bad credit?”, the answer is yes. At Delaware Title Loans, Inc., we make it easy to use your car’s value to secure the cash you need, no credit check required.
What Is a Car Title Loan And How Does It Work?
A car title loan lets you use your vehicle’s lien-free title as collateral while still keeping and driving your car. Instead of relying on your credit score, your car’s value helps determine how much you can qualify to borrow.
Whether you have good, bad, or no credit, Delaware Title Loans, Inc. offers simple loan options to help you get through financial emergencies quickly.
Can You Get a Title Loan With Bad Credit?
Yes! You can still get approved for a title loan with bad credit. Your credit score doesn’t decide your eligibility or loan amount. Instead, a loan specialist will inspect your vehicle and determine how much you can borrow based on your car’s value and condition.
This makes car title loans one of the most flexible loan options for people who might not qualify for traditional bank loans or credit cards.
How Much Can You Get With A Bad Credit Title Loan?
The amount of money you can get through a title loan varies depending on how much your car is worth. You could qualify for as little as $300 and as much as $15,000.
When it comes to determining your loan amount, a quick physical inspection of your vehicle is all that's needed. This means that even with bad credit, you can still qualify for a title loan. The use of your car’s title as collateral means that all credit types are accepted, so your credit score won't hinder your ability to cover unexpected financial emergencies.
Why Choose Delaware Title Loans, Inc.?
People should not seek an online title loan just because they want money. This quick cash must be paid back, so people should only look to get a title loan if they face significant urgent expenses they could not afford otherwise.
The following are some common uses that borrowers have for title loans:
- Paying urgent medical bills
- Catching up on overdue utility bills
- Paying rent to avoid eviction
- Funding emergency repairs on their car or home
- Affording unexpected travel costs
Do I Get To Keep My Car If I Get Approved For A Delaware Title Loan?
One of the major benefits of title loans is that borrowers can keep their vehicle and only need to use their car’s title as collateral. You can drive the car home after the routine inspection is completed, even if you’ve been approved and received your money.
That means you can continue driving normally, commuting to work or school. You will not have to disrupt your daily schedule when you secure a title loan by needing to look for alternative transportation when accessing money through this loan.
Can You Get A Bad Credit Title Loan If The Car Title Is Not In Your Name?
For someone to qualify for a bad credit title loan, the car title they attempt to use as collateral must be in their name. If your car title is not in your name, you must first visit your local DMV office and have it transferred to you. Once that title is in your name, you’ll be able to use it as collateral to get a title loan.
People seeking an auto title loan must also have their vehicle completely paid off. Their vehicle’s title must be lien-free without any outstanding liens or judgments. Delaware Title Loans, Inc. will have to place a lien on your title until the loan is repaid, but that cannot happen if there are already liens placed on the title.
How To Get A Title Loan With Bad Credit In 5 Simple Steps
Drivers in Delaware who need a title loan to handle a financial emergency may worry their bad credit can affect the approval process. At Delaware Title Loans, Inc., your credit score will not affect the approval process.
Those with good, bad, or no credit will have the same process for seeking a title loan. If you have bad credit, you can still get approved if you have the required items and follow the steps for pursuing a title loan.
The following are the five steps in the car title loan approval process:
Step 1: Prepare The Required Items For Title Loan Approval
Whether you have good or bad credit, you will need the required items to gain car title loan approval. These items can help verify your identity and that your car title is in your name. Before beginning the process, track down these items so you do not have to look for them later.
Here are the required items you’ll need for car title loan approval:
- Your driver’s license or a state-issued ID
- The lien-free vehicle title in your name
- Your car for an inspection
Step 2: Submit The Online Title Loan Form
Once you’re ready, submit your information through the online title loan form. It’s available 24/7 on Delaware Title Loan, Inc.’s website for your convenience and only requires basic information, including your name, number, and ZIP code. Make sure you verify the accuracy of all the information on this form and double-check to avoid issues down the line.
When you complete the form, a loan representative from a Delaware location near you will review it. They will then call you soon after to discuss the next steps.
Step 3: Take The Call From A Title Loan Representative
Be sure to keep your phone nearby to catch the call when it comes in. During that call, the title loan representative will brief you on the loan’s requirements and processes.
If you have any questions about the title loan process, this is the time to ask them. At this point, you can address your bad credit and hear from the loan representative about how a bad credit score will not affect your title loan approval. On the phone call, you will set up an in-person meeting with the loan representative for the vehicle inspection.
Step 4: Meet The Title Loan Representative For A Vehicle Inspection
The next step in the process is to bring your car and the required documents to meet the representative on the phone as planned. This meeting does not have to occur at one of our Delaware locations. You can set up the meeting at a place of your choice that the loan representative agrees with. They will verify that you have the car title in your name and a driver’s license or state-issued ID.
The title loan representative will also have to conduct a vehicle inspection. They will look to determine the vehicle’s mileage, make, model, year, exterior and interior condition, and mechanical shape. This 30-minute inspection will determine the value of the loan you can receive. The loan representative will also help you complete the process with some simple paperwork.
Step 5: Receiving Your Fast Cash From Your Bad Credit Title Loan
If you’re approved for a title loan, you won’t have to wait long to receive your fast cash for your urgent bills. You could receive it as early as the same or the next business day. You can use the quick cash to pay for your financial emergency and begin planning for repayment.
Why Title Loans Can Be a Lifeline During Emergencies
Life happens fast and sometimes you need financial help to stay afloat. Title loans can help cover:
- Emergency car or home repairs
- Medical or dental bills
- Overdue rent or utility payments
- Unexpected travel expenses
Even if your credit score is low, Delaware Title Loans, Inc. can help you unlock your car’s value to handle unexpected costs.
Get A Title Loan With Bad Credit Today!
You don’t have to spend more time running ‘title loans near me’ through any more search engines. Even with bad credit, Delaware Title Loans, Inc. is happy to help set you up with the money you need to pay for urgent bills.
Just take the first step towards getting a title loan by submitting the online quick cash form. A friendly representative from Delaware Title Loans, Inc. will contact you soon after to walk you through the quick and easy process to receive up to $15,000.
Title Loan FAQs
1. How much can I borrow with a car title loan?
Loan amounts in Delaware range from $300 to $15,000, depending on your vehicle’s make, model, and condition.
3. What do I need to apply?
You’ll need a valid photo ID, your lien-free car title, and your vehicle for inspection.
4. How fast can I get the cash?
Most borrowers get their funds the same day or the next business day after approval.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
