Financial emergencies can happen to anyone, and sometimes you need a quick cash solution to cover unexpected expenses. A car title loan from Delaware Title Loans, Inc. could be the answer, but who qualifies?
If you're wondering about car title loan qualifications, this guide will explain what you need to apply and how to increase your chances of approval.
Why People Apply for a Car Title Loan
Many people turn to car title loans when they need cash fast. Before you discover the much-needed title loan qualifications, you should be aware of what led you to need a title loan in the first place. Here are some common reasons why borrowers seek title loan assistance:
A. Bad Credit or No Credit History
There are many reasons that one would possibly wish to qualify a car title loan. Perhaps they have a bad credit score. Acquiring a poor credit score can happen for many reasons. One of the most common reasons includes a person’s inability to pay off a debt that they owe, usually to a credit card company. It is a painful experience, but in these dark times, instead of blaming oneself, it helps to look at the necessary steps in order to obtain a better credit score.
However, until you can get a better credit score, you have no need to worry! Even if your loan defaults, Delaware Title Loans Inc. will not report to any credit agencies. Doing so would tarnish your credit score even more. Delaware Title Loans Inc. is here to help you make the best decision for your situation.
B. Low Funds for Everyday Expenses
Another reason that an individual may wish to qualify for a car title loan from Delaware Title Loans Inc. may include them finding themselves low on the necessary money needed for everyday essentials. Perhaps they made a large family purchase, and suddenly don’t find themselves having enough money for things like gas to get to work. Not having the money for these necessities can oftentimes lead to your bank account depleting even more.
If you don’t have a checking account at all, don’t worry! With Delaware Title Loans Inc., you do not need to own a checking account to enjoy the benefit of a car title loan. All you will need are the items below. Before we get to that, there is one more reason you might wonder if you qualify for a loan.
C. Emergency Situations
Piggybacking off of the previous reason, you may wonder who qualifies for a title loan with Delaware Title Loans Inc. after a string of bad luck. Tragedy, such as natural disasters or unexpected death in the family, can leave you barely scraping by. Either way, there are multiple reasons why people may wish to find out if they qualify for a car title loan. But who qualifies for a title loan? What do you need to get one?
Did You Know? You can get a car title loan in Delaware without a checking account!
What Are the Car Title Loan Qualifications?
To qualify for a car title loan in Delaware, you’ll need to meet the below requirements, and you can apply online or over the phone, and you don’t need a store visit. Below are the things you will need to qualify for up to $15,000 in title loan cash.
You Must Be 18 or Older
In the state of Delaware, it is required by law to be at least 18 years of age in order to apply for a title loan from Delaware Title Loans Inc. This ensures maturity on behalf of the customer. A Delaware Title Loans Inc. loan representative must always ensure that the loan is an amount that the customer can feasibly pay back within the time limit. The age limit ensures the customer can handle the responsibility.
You Need a Valid State-Issued ID
At Delaware Title Loans Inc. you have a choice. You may choose to arrive at one of the many Delaware Title Loans Inc. locations near you if you wish. You also have the option to make an appointment to have a loan representative come to you. When you make your decision, please make sure that you have a state-issued photo I.D. on your person. The identification does not necessarily have to be a driver’s license, but it does have to have a picture of you on it.
You Must Own a Vehicle
Something that some may consider obvious—one must possess the vehicle that they wish to bring in for the car title loan. If you do not bring the vehicle to a Delaware Title Loans Inc. location (or if you don’t have it with you when the loan representative visits), there is no way for the loan representative to appraise the vehicle. To find out how much cash you can get in the transaction, you must have the vehicle with you for the appraisal process.
Your Car Must Be in Good Condition
At Delaware Title Loans Inc., car condition matters. You can get up to $15,000 in cash if you have a car in good condition. The better your car has been kept, with little in the way of wear and tear, the more cash you will receive in the title loan. Having a spotless vehicle won’t just put gas in your tank. It can be the reason that you can afford food for the family.
Your Car Title Must Be Lien-Free
Along with the actual vehicle, you will need the title itself. The same name that appears on your state-issued I.D. must also appear on the vehicle title. If the names do not match, you will not be able to receive the loan. If the title to the vehicle is currently not in your name, please visit your local DMV. You can change the name on the title before applying with Delaware Title Loans Inc.
Complete the Online or In-Person Application
Last but certainly not least, in order to fulfill the title loan qualifications, you have to fill out an application. The fact that you can choose where you fill it out makes things even easier. You have the option to fill out your Delaware Title Loans application online in the comfort of your own home! But if you find yourself in the area, you can visit one of the many Delaware Title Loans Inc. locations. Ahead of time or while your car is being appraised, filling out the application can be on your schedule.
How to Apply for a Car Title Loan in Delaware
Step 1: Apply Online or Call
Start by filling out a quick online form or calling a loan representative for assistance.
Step 2: Provide the Required Documents
Bring your vehicle title, valid ID, and your car for a quick appraisal.
Step 3: Get Your Car Inspected
Your car will be inspected to determine its value, which helps decide how much you can borrow.
Step 4: Get Approved & Receive Your Cash
Once approved, you can get your money the same day or the next business day!
Faster Processing Tip: Submitting your application early in the day can speed up approval.
Find Out If You Qualify for a Car Title Loan Today!
In this coming decade, qualifying for a car title loan has never been easier. You don’t need a checking account and you don’t need to worry about it affecting your credit score. With Delaware Title Loans Inc. nothing can stand in the way between you and your much-needed cash.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
