Do You Need Updated Auto Tags To Qualify For A Title Loan?
Getting a title loan from Delaware Title Loans, Inc. is incredibly straightforward, especially with the relaxed requirements involved. With just a few documents, your car title, and the vehicle itself, you could unlock up to $15,000 in quick cash for your urgent needs!
Check out the rest of this quick guide to understand what's required to qualify for a title loan and how your auto tags factor into all of it. Let’s get started!
Are Updated Auto Tags Required To Qualify For A Title Loan?
Updated auto tags aren’t necessarily needed to qualify for a title loan. Instead, you should focus on fulfilling the core requirements, which are:
1. Valid Identification
First and foremost, you must have a valid form of identification that you can provide. Your driver’s license is perfect for this purpose as it allows the representative to verify information like your name and age.
Aside from that, your identification is also crucial for verifying your vehicle ownership when cross-checked with your car title.
Suppose you don’t have your driver’s license with you. In that case, you can also use another valid state-issued photo ID instead, as that would help with the verification process.
2. Minimum Age
Another important requirement is to be an adult when applying for a title loan. More specifically, you must be at least 18 years old to qualify.
There’s no workaround for this requirement, even if you’re only a few hours or days shy of your 18th birthday.
3. Clear Car Title
Now, one of the most important requirements to qualify for these loans is to have a clear car title. That means the title must be lien-free, without any outstanding loans or judgments against it.
Above all, the title must be registered in your name so you’d be authorized to use it as loan collateral.
If that’s not the case, however, you must take it to your local DMV office first. You can have it transferred to you before you begin your title loan application.
4. Vehicle Ready For Inspection
Last but certainly not least, you must have the car itself ready for an inspection.
Yes, you’re using the car title as collateral to secure the loan. Plus, you will get to keep your car after you complete the application.
However, you must still bring the car in for a quick inspection by a representative. That’s done so they can determine how much you qualify to borrow, which could be as little as $300 to as much as $15,000.
All of that will depend on your car’s physical condition and a check with a nationally recognized pricing guide based on your car’s make, model, and year.
How Do I Apply For A Title Loan?
Now that you have everything you need to qualify for a title loan, you can begin the application process.
That process is as easy as 1-2-3, and it looks like this:
- First, send in the online form with your information. Doing so will let a friendly representative get in touch with you to discuss your application. They’ll also help you find a convenient time and place to meet to complete your application.
- Then, meet your loan representative in person so they can inspect your car and cross-check your documents. There might also be some simple paperwork involved to finalize your application, and the representative will help you every step of the way.
- Finally, if approved, you’ll just have to sit back and wait for your money. That wait won’t be too long, as you could get paid on the same day as your application or by the next business day.
As you can see, the entire application process is transparent and straightforward. The only thing you need to worry about is preparing the required documentation so you can qualify for the loan.
Who Can I Go To If I Have Questions Or Concerns?
If you have any questions or concerns during your application, including those about your auto tags, the best person to speak to is the loan representative working on your application.
Remember: the representative is there to help you! So, don’t be afraid to ask them about anything that comes to your mind.
They’ll be more than happy to answer your questions so you can apply with total peace of mind.
Get In Touch Now!
The best time to get started is right now. Kickstart the process to get your title loan from Delaware Title Loans, Inc. by filling out and sending in the online form with your details. Those include your name, contact number, and ZIP code.
Soon after that, you’ll be speaking to a representative who will help you understand what’s required to qualify and apply for a title loan!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.