Maryland drivers facing unexpected expenses—such as medical bills, home repairs, or late rent—may wonder how to secure quick cash. The good news is that car title loans in Maryland offer a fast and simple solution.
If you own your vehicle outright with a lien-free title, Delaware Title Loans, Inc. can help you access cash fast. This guide will explain how auto title loans work, how Maryland residents can apply, and what types of financial emergencies these loans can cover.
How Does A Car Title Loan Work?
A title loan is a short-term loan that uses your lien-free car title as collateral to back up the loan, allowing you to borrow fast cash against the value of your owned vehicle.
The process for getting a car title loan is simple: submit an online inquiry with a loan lender, such as Delaware Title Loans, Inc. A loan representative will call you to verify basic information, answer any questions about title loans, and set up an in-person meeting.
We do not require potential borrowers to come to one of our Maryland locations; we will meet you at a convenient location for you, such as your home or office. During the meeting, you'll need to present your photo ID or driver's license, your vehicle's lien-free title in your name, and the vehicle itself for inspection.
We use the inspection to determine your vehicle's value. We will use the book value combined with the car's condition to decide how much you can borrow against it. Once you're approved for a loan, you'll sign a few documents and, in most cases, get your funds either that day or the next business day.
Can Maryland Drivers Get Car Title Loans in Delaware?
We like to help our neighbors, too, which is why we welcome Maryland drivers to pursue car title loans with us. You'll follow the same process described above to get the cash you need to tackle your financial emergencies easily.
We even offer an online title loan process, so you don't have to come to any of our store locations—we will come to you.
During your initial call with the representative who reaches out to you, you'll be asked where you'd like the inspecting agent to meet you. You can choose a convenient location, and we will meet you at the agreed-upon time.
What Financial Emergencies Can You Cover with a Car Title Loan in Maryland?
You can use your Maryland car title as collateral for a fast cash loan when you face a financial emergency you cannot afford. This emergency cash can allow you to pay overdue bills and unexpected expenses so you don’t have to worry about late fees, service disruptions, and other downsides of not being able to pay for urgent expenses.
The following are some financial emergencies you can use a Maryland car title loan to pay for:
- Overdue rent or mortgage payments
- Late utility bills
- Automotive repairs
- Home renovations
- Medical bills
- Dental expenses
- Vet bills
- Unexpected travel expenses
What Are The Benefits Of Car Title Loans For Maryland Drivers?
You can pursue many kinds of loans when facing an urgent financial emergency. Why choose a car title loan? This type of quick cash loan offers many benefits that loans from traditional banks cannot match. At Delaware Title Loans, Inc., we allow Maryland drivers to benefit from these advantages and receive the fast cash they need for their unexpected bills.
The following are some of the benefits of car title loans for a Maryland driver:
- The process can take less than one day
- Our loan representatives will meet you at a convenient location for the in-person meeting
- All credit types can receive a car title loan
- You can receive your emergency money the same or the next business day
- You can keep your car while repaying the title loan
How to Apply for Car Title Loans in Maryland
A Maryland driver can easily submit an inquiry with us right here on this website. Fill in all the requested information about you and your vehicle, along with your contact number. As soon as one of our loan specialists receives your inquiry, we will call you to discuss the next steps. You can call us back as soon as possible if you miss the call.
If you'd rather call and have the specialist take your inquiry and start your application process over the phone, that's ok, too. Your other option is to stop by one of the store locations to start your process in person.
You should drive the car you have the title to so we can inspect it on the spot. If you come with all the required items to get approved, you could have the cash you need that same day or the next business day.
What Do You Need To Get Approved For A Maryland Car Title Loan?
A Maryland driver needs the following three required items to get approved for a car title loan: your driver’s license or other state-issued ID, the lien-free car title in your name, and your vehicle for an inspection.
It’s essential that the car title is in your name and paid off. The auto title cannot have any liens or outstanding payments, as we will need to place a lien on it for the loan. Ensure your car is paid off before seeking a vehicle title loan.
You cannot qualify for a Maryland car title loan if the vehicle title is not in your name. For instance, if you purchased the vehicle from a private seller and they signed the title to you on the back, that will not qualify for a title loan. You will need to go to the DMV and have the title officially transferred into your name.
Maryland Drivers Can Get A Car Title Loan With Delaware Title Loans, Inc. Today
Maryland drivers need not stress when financial emergencies arise, as they can use their vehicle title to secure extra money. Delaware Title Loans, Inc. allows Maryland drivers to receive car title loans through our fast and easy process.
Begin the process by submitting your information through our online inquiry form. One of our loan representatives will call you to explain how you can get a car title loan as a Maryland resident.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
