Planning for emergency expenses is tough; everything might seem fine, but then suddenly your oven breaks down. Getting the money for emergencies like medical bills, auto repairs, and unexpected travel costs can be challenging, especially in today’s higher-cost economy. However, those who have paid off their cars can consider title loans for emergency funding.
In this guide from Delaware Title Loans, Inc., we will explain how to get car title loans in Dover, DE. We will review the process, requirements, and how to find car title loans near me.
How Does A Car Title Loan Work?
Title loans are secured loans that let borrowers who have fully paid off their car, truck, or van use their title as collateral. As the loan is secured by a valuable asset, you might be able to get access to a relatively large amount of cash. In fact, in some cases, clients can receive up to $15,000 to use to cover an emergency, with your loan amount depending on your vehicle’s value.
If you have a lien-free vehicle title, you can offer it up for collateral to afford emergency expenses. We will place a lien on your title and hold it until you fully repay the loan. The good news is that you can continue using your car while making payments, so there is no need to make any significant lifestyle changes.
The process for getting car title loans in Dover, DE, is simple since you just need a few items to meet our requirements.
What Are The Required Items For Dover Title Loans?
To take out a title loan, you’re only going to need a few items to verify your identity, age, car value, and full ownership of your vehicle. Thankfully, these items shouldn’t be too hard to find. In fact, you may already have quick access to them, allowing you to begin the approval process today.
Here are the required items for title loans in Delaware:
- Your state-issued photo ID or driver’s license – You’ll need this document to prove your identity and that you’re no longer a minor. Remember that only those who are 18 or older can take out a loan. You can use your driver’s license, Delaware state ID, passport, or any other ID that displays your name, picture, and date of birth.
- The title to your vehicle – This is the exact thing that is going to be used as collateral to secure the loan. You would need to make sure the title is in your name and is clear. A clear title is one that has no liens attached to it. If you’re still paying off your vehicle, you won’t be able to qualify.
- Your vehicle – Finally, you would be asked to bring your car to the in-person meeting. How much you might qualify for would mainly depend on the value and condition of your vehicle, so giving it a quick clean before the inspection would definitely make sense. The factors that influence title loan value are car age, make, model, condition, mileage, and service history.
Make sure you have all of these items and that your information matches across them (for example, your ID and car title have matching names). Once you do, you can proceed with the title loan approval process.
The Dover Title Loan Approval Process: A Step-By-Step Guide
Now that we have covered the basics of a title loan, it’s time to have a closer look at the steps you’d have to take to get access to the extra cash. Our title loan approval process only takes a few steps, allowing Dover residents to get approved the same day they apply.
The following is the approval process for a title loan in Dover, DE:
- Fill out the online form – While you can start the approval process in person or over the phone, the easiest way to do it is through our online form. You can find it on this website. You will just need to provide your name, zip code, email address, phone number, and vehicle details. This will take just a few minutes. A loan representative near you will receive and review it before calling you to discuss next steps.
- Discuss title loans on the phone – Once you’re on the phone with the expert, you’ll get to ask any questions that you might have. The professional will also explain in more detail how the process will work and what items you’ll need to qualify. You’d also get a chance to schedule a meeting with an agent at the closest Delaware store location.
- Get approved in person – Arrive at the meeting, and make sure that you don’t forget the necessary items. Sit down with the lender representative and give the expert some time to verify your items. The agent will also need to inspect your vehicle to determine the amount you qualify for. This step will take less than 30 minutes.
- Sign the loan agreement – They will then explain how much you qualify for. If you agree to this amount, you can sign our loan agreement to finish the process. You will now receive your cash later the same day or by the next business day.
How To Find Car Title Loans Near Me
When searching for a lender, the terms and conditions of the loan are not the only things that you would have to pay attention to. First of all, you would want to find a reputable lender you can trust.
It might take some time to vet the companies that you find online, but that would certainly be worth it. After all, the last thing that you need is to become part of a scam during a complicated life period.
Thankfully, finding the right company won’t be too difficult if you pay attention to the following:
- A secure website – One of the main factors that you can quickly check is whether or not the company’s website is secure. If you can’t find a padlock sign next to the website’s address and the address doesn't begin with ‘https’, you might want to go with another lender.
- Accessible legal information – A reputable company should have a legal address, a phone number, and an official email. Lenders that have nothing to hide will share this information on their main page, so that potential clients know exactly how to contact them. If you can’t find this info, it’s definitely a red flag.
- Friendly and knowledgeable lender representatives – Last but not least, if you decide to take out a loan from a great company, you will most likely enjoy the experience from start to finish. The representatives would treat you with the respect you deserve and do everything they can to help you get the financial boost you need. If the ‘experts’ are pressuring you in any way or are not willing to answer your questions, it’s time to look for another lender.
Why Choose Delaware Title Loans, Inc?
If you want to get extra cash fast from a reputable lender, you don’t need to look any further! We have been in business for three decades, and throughout the years, we have helped plenty of people access the money they need.
With us, you might get anywhere between $300 and $15,000. Furthermore, the in-person process may take only half an hour, and if you get approved, you might receive the money the very same day.
We even have a store location in Dover at 260 South Dupont Highway. Come visit us today, and our friendly loan representative will guide you through the process every step of the way.
Borrow Title Loans In Dover, DE – Get Your Fast Cash Today!
You might have never thought that taking out car title loans in Dover, DE would be this easy, but with Delaware Title Loans, Inc., the process will be a breeze. At our company, the in-person process may take only 30 minutes, and in some cases, you may receive the money the same day. To get closer to the cash you need, simply complete our short online title loan form, and we’ll soon contact you!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
