What You Need to Get Vehicle Title Loans Online Today
April 21, 2021 | Daniel Dewitt
If you’re in a pinch in Delaware and urgently need money, applying for vehicle title loans online could be your best bet for getting the cash together ASAP.
Car title loans in Delaware are accessible – almost any car owner can be eligible, easy to apply for, and, most importantly, fast. You could get the cash TODAY if you apply right now with Delaware Title Loans, Inc. And you’ll only need a few things:
1. Your Driver’s License or State-Issued ID
Unfortunately, you cannot apply for vehicle title loans online unless you’re a legal adult (18 years of age or older) – and able to prove it.
The lender can’t believe your words on being a legal adult, so they will ask you to provide a valid state-issued photo ID. If you don’t have one, then a driver’s license could also do the job.
2. Car for Appraisal
Vehicle title loans are secured loans and your car will be acting as collateral. This means that the amount of cash you could qualify for depends on your car – the model and in what state it’s in.
You could get up to $15 000 for a well-maintained car. The loan representative will assess its state during your meeting and decide accordingly.
One widespread misconception is that the car being the collateral means the lender takes it away for the duration of the loan and you only get it back when you pay the loan off. This is not true. The lender only gets your title, the car stays with you and you’re free to drive it during the payoff period.
3. The Title to Your Car – in Your Name and Lien-free
You cannot apply for vehicle title loans online if the car title isn’t in your name. Even if you’re the de-facto owner of the car and have been driving it for years. Even if you have permission from the person whose name is on the title.
The car title needs to be in your name for you to be eligible for the loan.
It also needs to be completely lien-free – meaning there aren’t any outstanding financial obligations, like loans or judgments, against it.
Can I Get Vehicle Title Loans Online with Bad Credit?
Yes, you can!
Not only can you get vehicle title loans online if your credit is bad, but you can also get them even if your credit is outright nonexistent!
While the loan representative might perform a quick credit history check, it’s not likely to influence your eligibility, as long as your required items are in order.
Does Getting Vehicle Title Loans Online Influence My Credit History?
No, it won’t.
When you apply for a loan at Delaware Title Loans, Inc. you can rest assured that the loan will stay entirely between you and the lender.
Delaware Title Loans, Inc. won’t be reporting the loan to any credit bureaus, meaning it won’t be impacting your existing credit score in any way, be it negative or positive.
Do I Need Income to Get Vehicle Title Loans Online?
Not necessarily, though it would certainly make things easier.
While the lender will likely ask you to provide proof of income (usually in the form of your most recent pay stub) you can be approved for the loan without it, if you prove your ability to repay the loan by other means.
This is because qualifying requirements for short-term fast loans, including vehicle loans, are quite flexible and accommodate potential borrowers. If the short-term fast loan in question is secured to boot, like vehicle loans are, the approval process becomes even easier.
While with a typical bank loan you would need to be employed to get approved for a personal loan, Delaware Title Loans, Inc. might approve you with other loan repayment means.
For example, unemployment or welfare benefits, worker’s compensation, or even savings can be used to repay a title loan – not so much a bank loan.
So, How Do I Apply for Vehicle Title Loans Online?
To apply for vehicle title loans online you will need to visit the Main Page of this website, find the online form for the title loans, fill it out, and submit.
After your submitted form gets processed, you’ll be contacted by a loan representative from the nearest location. They will ensure you’ve got all the necessary items (your state-issued ID, your car, your car’s lien-free title) in order, provide you further details about the procedure, and set up a meeting with you.
You’ll need to bring the required items to the meeting. The loan representative will assess everything and determine if you qualify for the loan.
If you do – you will finish the easy paperwork right then and there, get approved, and receive the cash you qualified for (could be between $300 and $15 000) the very same day.
This entire procedure typically takes less than an hour and could take as little as 30 minutes if all the required items are in order.
Apply for Your Vehicle Title Loan Online Today!
Now that you know what you need in order to get online title loans in Delaware, don’t wait anymore and get the process started right now. After all, the requirements are really easy to meet, and you can get your money as quickly as in 30 minutes!