Published On: Mon, Nov 9th, 2015

What Should You Know About Auto Title Loans?

People that need cash fast do have access to various different opportunities, although during tough economic times it is normal to believe that this is not the case. Even a financially stable family can end up faced with a financial crisis. This can be due to various reasons like job losses or illnesses.

Out of the various different opportunities that are available, we will focus on the auto title loans. These can be found in every single US state. Borrowers appreciate the opportunity because of the fact that it is not at all difficult to obtain the loan. You just go to a Cali loan company and you can start the procedures in the event that you own a vehicle.

Auto Title Loan – What Is It?

The auto title loan is basically a short term loan that sees a borrower use a car title as collateral. In order to get the loan, you allow a lender to place lien on the title. Original titles are surrendered to lenders.

Many believe that the loan is the same as the auto pawn loan. This is not the case. With that auto pawn loan, you leave the car with the lender until you are able to repay the loan. An auto title loan allows you to keep possession of the car.


Obviously, not all people are going to be eligible for an auto title loan. There are some things that have to be respected. Based on the requirements of the lender, the most common ones are:

  • Minimum age of 18.
  • No lien has to be present on the car.
  • The borrower needs to be the car’s original title holder.
  • A vehicle needs to never be older than fifteen years.

In order to receive the auto title loan, you need to offer some documents. Proof of income, age and identification are needed. You need

photo 401(K) 2012 via Flickr

photo 401(K) 2012 via Flickr

documents to prove there are no liens on the car, you have to offer utility bills and information about insurance and vehicle registration.

The Process

In a similar way to the other loan programs, an application needs to be submitted to lenders. A lender will analyze the financial situation you are in and will analyze car worth. You should never worry in the event that you currently have a bad credit history. In the event that the interested party has a stable source of income and the car has a specific value, lenders will surely approve loan applications.


On the whole, getting the auto title loan stands out as a process that is much simpler than what people tend to believe. Every single individual that is an owner of a vehicle and that has a job can obtain the money that they need really fast.

It can be said that you will surely find many interested lenders that would offer some great options. You have to basically consider the loan in the event that you need funds and you have financial problems. Just make sure that you always work with the lender that has the best deal for you.

Guest Author: Lolita Di


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