Learning how title loans work can make a great difference in the process you go through when searching for a personal loan. Getting a loan from a traditional banking institution with a steady income can be a hassle, making it even more of a challenge for those of us who don’t have a steady job.
Thankfully, getting car title loans in Delaware gives people without a steady job an option to get emergency cash when needed urgently. Read on to find out how title loans work.
In Need Of Emergency Funds?
Let’s face it, as hard as one tries to save, when an emergency occurs it can drain your savings account quickly. Surprise finances like medical bills, vehicle repair, house repairs, sudden travel costs, or just losing hours at work can set you back financially.
No matter what emergency it happens to be that has you in a financial bind, getting a small loan can be a saving grace.
However, if you don’t have a steady job, you are likely worried you won’t qualify for any type of loan. Or maybe your emergency is too time-sensitive to go through the more time-consuming route of bank loans and credit card approvals. However, even without a steady job, it is possible to still apply and qualify for a title loan.
Whatever the case might be, you may be surprised to find that how Delaware title loans work gives you a quick lifeline for those much-needed emergency funds.
But Don’t Have A Steady Job?
There are plenty of reasons why someone may not have a steady job. Not having a steady job doesn’t necessarily mean you have no source of income or that you won’t be able to pay your loan back.
Emergencies don’t wait for when you get paid for that freelance project you just completed, or that social security check to be deposited on the fifteenth of every month, or for your friend or family member to be able to lend you the money to get your water heater fixed.
That’s why the process for a title loan through Delaware Title Loans, Inc. takes less than an hour. Delaware Title Loans Inc. also offers anywhere from $300 to $15,000 for title loans with no income verification needed.
To find out what a title loan is, how title loans work, and if it is a good fit for you, keep on reading.
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.
