title loan cash in bag

The 6 Steps To Get A Lewes Title Loan

When you’re short on both cash and time and do not have emergency savings, then you have the option to get a Lewes title loan. It’s faster and easier than taking a personal loan from a bank.

Many banks take weeks to process a personal loan. They’ll check your credit score, ask for additional documents, and ask several questions about your income and employment history.

It’s tedious and time-consuming—and there are some situations where you simply can’t afford to wait.

What if you or a family member are sick, and you need to pay for medical treatments right away? What if you’re behind on rent, and in danger of getting kicked out of your home? What if the car or truck you use for work breaks down, and you’re losing income while it sits in the garage? Get a title loan instead.

All About Title Loans In Lewes, Delaware

A title loan is a short-term loan where you use your vehicle title as collateral. Don’t worry—you don’t have to give up using your car! Instead, a “lien” or legal claim is placed on the vehicle title during the duration of the loan. Once you pay it off, the lien is lifted.

You can borrow from $300-$15,000, depending on your vehicle’s model, age, and condition. And unlike bank loans, you don’t have to go through a lot of red tape and requirements before you receive your cash.

  • No minimum credit score. You can apply even if you have bad credit, or have not yet been able to establish a good credit history.
  • Less paperwork. You don’t have to present proof of income, bank accounts, employment records, and other financial statements.
  • Fast approval. You get the money the same day or the next business day.

How Can I Qualify For The Loan?

All you need to get a title loan in Lewes DE is to be the registered owner of a vehicle. The vehicle title must be under your name, and be lien-free. That means that you’re not already using it as collateral for another loan, and there are no other judgments against it.

If the title is not under your name, you will need to go to your local DMV to have it transferred to you.

key and title for car title loan

The 6 Step Lewes Title Loan Process

Delaware Title Loans, Inc. makes it even easier to apply for a loan! We reduced the paperwork and waiting time, so you can get emergency funds in less time and with less effort.  

Step 1: Fill Out The Form

The simple form takes less than a few minutes to answer! We only use the information you provide to contact you, so we can help serve you better. The site is also secure, and we never share customer data with anyone.

Step 2: Talk To Our Loan Representative

Keep your phone next to you, because soon after you send your information, someone from the nearest branch will call you to personally explain how a Lewes title loan works and its basic requirements.

Through this call, you will know right away whether you qualify, and you can ask any questions you have about the loan. It’s convenient and you feel fully informed and empowered to make the right decision.

Step 3: Bring The Requirements

Now that you know more about a Lewes title loan, and feel that it’s the right option for you, then it’s time to process the requirements. Just bring the following to the nearest branch:

  • Government-issued photo ID card, such as a driver’s license
  • Vehicle title registered under your name
  • Vehicle for inspection

If you can’t go to the branch, you can also ask the loan representative to meet you at your preferred time and place. This is part of Delaware Title Loans, Inc.’s commitment to customer service—we go out of our way to make the title loan process easy and convenient!

Step 4: Title Verification

The loan representative will look at your vehicle title and government ID, to confirm that it is registered under your name and that it meets other specifications.

Remember, in order to be used as collateral for a title loan in Lewes, DE, the vehicle must be fully owned and the title must be lien-free.

Step 5: Vehicle Inspection

The loan representative will then look at the vehicle to determine the loan amount you qualify for. Delaware Title Loans, Inc. always gives a fair evaluation and calculates the vehicle value according to industry standards.

car title loan cash in lewes

Step 6: Collect Your Cash

The title verification and vehicle inspection take less than 30 minutes. When your loan is approved, you receive your cash the same day or the following business day, depending on your bank and the time you apply. 

Apply For A Lewes Title Loan Now!

If you need to raise emergency cash right away, don’t waste time on a lengthy and complicated loan process. Reach out to us through the online form, and we’ll help you get your cash as soon as possible.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.