Car Title Loan lenders usually require a vehicle title as collateral. If you have no title, or it's not in your name, read the article to find out what you need to do to receive a Title Loan.
Table of Contents:
Online Title Loans with No Title
Your Car Originally Belonged to Someone Else
Online Title Loans with No Title
Car Title loans online offer more convenience than other traditional loans for fast emergency funding. But what are your options if you want to apply for an Auto Title Loan but have no title? Usually, one of the main requirements for a Car Title Loan is a title in the borrower’s name. And even if you have none, you can request a duplicate copy of a title or its transfer!
Why You May Have No Title
You Lost Your Title
No matter where you are used to keeping your car title, you may lose it. If this misfortune happens, don’t wait and request a replacement or duplicate copy at once. Check how it works in your state of residence. Typically, it’s allowed to make a title copy inquiry in person or send a request by mail. Visit a Secretary of State branch office or the Department of Motor Vehicles (DMV) to learn more details and do everything in person with no intermediaries and third parties. It’s going to be faster and safer to get your title duplicate copy this way.
For a car title duplicate copy request you’ll be required to provide a government-issued photo ID, your car registration, a completed title replacement form, and money for the replacement fee.
Your Car Originally Belonged to Someone Else
If you bought a used car from a friend or relative and its title is still on the previous owner’s name, make sure to transfer the title. The car is not legally yours until the title is not in your name. You won’t be able to sell it, or apply for a Car Title Loan unless the title is transferred to your name.
Request a title transfer by e-mail or in person by visiting your local DMV. The requirements for a Title transfer are usually very simple - a government-issued photo ID, a car title signed by the current owner, a completed title transfer form, and money for the transfer fee.
Why Apply for Online Title Loans even with No Title?
Most Americans choose Online Title Loans for a number of benefits. The most appealing of them are:
- You can get a Title Loan even with no title completely online.
- Most Title Loan lenders offer convenient terms and hassle-free repayment methods.
- As you apply online you can get a free Title Loan estimate quote in a matter of minutes.
- It’s fast to apply for a Car Title Loan and typically you get the money the same day.
- It’s cheaper than other short-term loans, Payday Loans for example, as the interest rates are lower and you can repay the loan in lower monthly payments within affordable terms.
- Longer and more convenient repayment terms let the borrowers pay the Title Loan back with no defaults and penalties.
- A chance to get a Title Loan with no store visit, no income verification, no credit check.
Car Title Loans are available for bad credit as well as good credit and everything inbetween.
How to Get Online Title Loans with No Title?
Frankly speaking, you’ll hardly get approved for a Title Loan if you have no title. As the definition of this loan type suggests, Car Title Loans are secured by a vehicle title as collateral. So, you’ll definitely be required to provide this document to a lender.
However, no title is not a reason for despair. You can always request a duplicate copy or a title transfer to qualify for online title loans. If this doesn’t work for you either, consider getting an online Payday Loan as the way to find emergency funding fast.
As soon as you’ve solved all the issues with a title, I mean, you have it on your name, at last, it’s high time to fill out a free application form online and get a quote for a Car Title Loan online. If approved, you’re likely to receive the loan the same day, or the next business day!
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