Most people assume that without a steady job, getting a loan is nearly impossible. Traditional lenders often rely heavily on income verification, which leaves many borrowers with irregular income, freelancers, gig workers, contractors, and retirees, without options when an emergency hits.
Title loans in Delaware offer a different path. Instead of focusing on pay stubs or salary history, these loans use the value of your vehicle to help you borrow emergency money, even if your income is inconsistent.
If you've been wondering whether a Delaware title loan is possible when you don’t have a traditional job, here’s how the process works and what to expect.
When You Need Emergency Funds Fast
Unexpected expenses can hit at the worst possible times, medical bills, car repairs, broken appliances, or even a sudden drop in work hours. Savings can disappear quickly, and waiting for banks or credit card approvals can make the situation worse.
A title loan can serve as a short-term solution when you need money urgently and can’t wait through a long approval process.
Not Having a Steady Job Doesn’t Mean You Have No Income
Many Delaware residents who don’t have a steady job still have income sources such as:
- Freelancing or contract work
- Seasonal jobs
- Retirement income
- Disability benefits
- Child support
- Sporadic part-time work
Title loan approval doesn’t depend on the type of income you earn. In fact, Delaware Title Loans, Inc. does not require proof of employment, making it possible for borrowers with irregular or unpredictable earnings to still qualify.
Managing money without a regular paycheck can be stressful, which is why building a simple budget is essential.
What Is A Title Loan?
Before we get into how title loans work, it would be good to know what exactly a title loan is. If you are unfamiliar with or never heard of a title loan, you may be a little hesitant to consider one as a financial option. So, what is a title loan?
A title loan is a small loan that you can get by temporarily giving the title of your car to the lender. Think of it as putting the title of your car as collateral, when you pay back the loan your car title will be returned to you.
The best part about a title loan is you get to keep your vehicle. This means that you won’t have to worry about how to get to and from places while you pay off the loan.
How Title Loans Work For You Without A Steady Job?
If you live in Delaware and don’t have a steady job, you can rest assured knowing that Delaware Title Loans, Inc. has branches that offer title loans through a process that takes less than 30 minutes.
In addition, a representative can travel to your location or a location of your choice to make the process more convenient for you.
What Will You Need?
As mentioned, you won’t need proof of income when acquiring a title loan through Delaware Title Loans, Inc. The items you will need to acquire a title loan are the following:
- A valid driver’s license or state-issued identification card.
- The title of your vehicle (you must be the owner of the vehicle and it must be lien-free.)
- Your vehicle for inspection.
To get started, you can fill out an online form on Delaware Title Loans, Inc. or call 800-514-2274 for a representative to get in contact with you.
The representative will answer any questions you have and set up the time and place for your vehicle and documents to be inspected.
If you are approved, the loan representative will inform you of how much you qualify for, and you can receive your money on the same day or the following banking day.
Submit An Online Form Today
Now that you know what title loans are and how title loans work, you can set your mind at ease and get the loan you need today, even without a steady job! Don’t let any emergency set you back or cause more stress than it already has.
Get in touch with a Delaware Title Loan, Inc. representative by submitting an online form today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
