Financial emergencies, such as auto repairs, medical bills, and unexpected travel costs, can affect those with bad credit. If you are in this situation, you may worry about how to pay the unexpected bills while continuing to pay your daily expenses.
People with bad credit have an option for quick cash in the form of a title loan, in which they can use their car title as collateral for a loan that can pay anywhere from $300 to $15,000. The loan representatives at Delaware Title Loans, Inc. can walk you through the quick and easy process of seeking a title loan with bad credit and help you get the emergency cash you need.
What’s A Bad Credit Title Loan And How Does It Work?
A title loan is a way to unlock your car’s value to borrow money quickly and with only a few required items. You could contact Delaware Title Loans, Inc. to pursue a title loan to pay for a financial emergency, and we accept every credit type.
Your car’s value will determine how much you could qualify to borrow, not your credit score. However, you don’t have to provide the car as collateral. Instead, you’ll use the lien-free title while the car stays with you. A title loan can benefit those facing significant financial expenses because you can get it with good or bad credit, the borrower can keep their vehicle, and the process is simple.
How Much Can Someone With Bad Credit Get With Delaware Title Loans?
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 Would Someone With Bad Credit Need A Title Loan?
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 Do I Secure A Delaware Title Loan With Bad Credit?
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.
Drivers With Bad Credit Can Contact Delaware Title Loans, Inc. For Fast Cash 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.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
