Need cash quickly but have bad credit or unstable income? Getting a personal loan using your car title as collateral is a fast and accessible option in Delaware.
Here’s what you need to know to qualify, apply, and get approved for a title loan through Delaware Title Loans, Inc.
What Is a Title Loan?
A title loan is a secured personal loan that uses your vehicle title as collateral. It allows borrowers to qualify for fast cash even without strong credit or steady employment. Since the loan is secured by your vehicle, the approval process is quick and simple.
Am I Eligible For A Car Title Loan In Delaware?
First things first, here is how to make sure you are eligible for a title loan.
While it is one of the most accessible loans out there, it does focus on a specific group of people.
Luckily that group is quite large. All it takes to be a part of it is to:
- Be over 18 – and able to prove it with a government-issued ID.
- Own a car – since you’re using the title as collateral, it must be in your name and completely lien-free – the car can neither be financed nor have any outstanding judgments against it.
Other than that, every vendor has its individual qualifiers. But at Delaware Title Loans, Inc. we keep things simple.
Here’s what you’ll need when you get your loan through Delaware Title Loans, Inc.
What Are The Qualifying Requirements For A Delaware Title Loan?
The easy accessibility of car title loans in Delaware usually works in their favor by offering quick assistance for those in need of urgent financial help.
Delaware Title Loans, Inc. does its best to assist its customers and welcomes all types of credit. Here is what you need to provide for your loan procedure to get started:
- A valid driver’s license or state-issued photo ID (to prove you’re over 18).
- Your vehicle to determine the maximum loan amount.
- The vehicle’s lien-free title in your name to act as collateral.
How Much Can I Borrow?
At Delaware Title Loans, Inc. you can get up to $15,000 based on the value of your vehicle if you qualify.
Can I Get Approved For A Title Loan If I Have Bad Credit?
Yes, you can. Delaware Title Loans, Inc. is open to borrowers of ALL credit types.
As you’re getting a personal loan using car title as collateral, the state of your credit history is secondary – it’s the state of the required items that matters first and foremost.
If the items you provide are up to the lender’s standards and your title gets accepted as sufficient collateral, you have a good chance of getting approved for the title loan even if you have no credit at all.
Can I Get Approved Without a Stable Income?
Yes, you can. You can have unstable income, be starting a new job (unable to provide a recent pay stub), or be outright unemployed – and still get approved for a title loan.
This is because you’re getting a personal loan using car title as collateral. This type of loan is called a secured loan. By providing collateral you guarantee that the lender’s assets are protected even if your employment situation is unclear.
You aren’t asked to provide proof of income, and any means you plan to use to pay the loan off are up to your discretion.
How To Get A Title Loan Near Me In Delaware
You can easily get started from the comfort of your own home, by submitting a filled-out form on Delaware Title Loans, Inc. or by directly calling the nearest store.
Either way, a loan representative in charge of your process will provide in-depth information about the process, answer any questions you may have, and set up an appointment for you.
Drive your car to the appointment and make sure to have the ID/driver’s license and the car title with you.
The loan representative will need to inspect your car and assess the documents to decide if you qualify for the loan, what’s the maximum loan amount you qualify for, and what your terms should be.
If they decide to approve you, they’ll walk you through the final steps of the procedure right after, and you’ll get the money you qualified for the very same day.
Why Choose Delaware Title Loans, Inc.?
- Fast, same-day cash
- No credit check required
- Friendly, local customer service
- Keep driving your car while repaying
FAQs
What is a title loan?
A title loan is a personal loan that uses your vehicle's title as collateral. It offers fast approval even with poor credit.
What documents do I need to apply?
You need a state-issued photo ID, your lien-free vehicle title, and the vehicle for a quick inspection.
Can I get a title loan with no income or bad credit?
Yes. Delaware Title Loans, Inc. does not require income proof or credit checks. Approval is based on your vehicle and title.
Apply Now and Get Cash Today!
Now that you know how to get a personal loan using car title as collateral, get started right now and get the cash you need by the end of the day! Submit your online form to get started.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
