What Are My Chances Of Getting Car Title Loans For Bad Credit?

January 7, 2021 | June Mckaig

car title loans for bad credit

The only way you can know for sure whether you will be able to obtain car title loans for bad credit is by going through the inquiry process with Utah Title Loans, Inc. This is the best way to know for sure if you will be approved for a title loan since we will inspect your vehicle and documents during the process.

However, we can definitely discuss the chances of getting car title loans by going over the things that we consider when we decide whether someone qualifies for a title loan in Utah. If you meet the criteria we speak about here, then chances are high that you will get the title loan that you need.

The 3 Main Factors For Getting Car Title Loans

1. You Should Own A Vehicle

A title loan is a secured loan against the title of your vehicle. Therefore, it stands to reason that you need to own a vehicle. In fact, that is the number one requirement. 

Utah Title Loans, Inc. can only offer title loans for owners of cars, trucks, and vans. If you have one of those, then you are already well on your way to getting car title loans for bad credit. 

2. You Should Have The Lien-Free Title To Your Vehicle

We are only able to offer title loans to those that hold a lien-free title. This means that the title of your vehicle has no outstanding financial obligations against it.

If you are unsure whether your title is lien-free, you can get in touch with the DMV. You may also look through your title document and see if there are any liens placed on it.

One common example is that if you have outstanding financing on your vehicle. In this case, you don't have a lien-free title.

3. The Title Must Be In Your Name

This requirement is fairly self-explanatory. If you are going to take out a Utah title loan, then the title must be in your name.

We understand that sometimes people delay getting the name on the title switched over, particularly when they buy a used vehicle from a private seller. If you have yet to switch the names over, then you can reach out to the DMV.

If the name on the title is your name, then your chances of securing car title loans for bad credit are better.

car title loan process

How Our Title Loans Process Works 

Now that you understand our main factors when issuing car title loans for bad credit, let us walk you through the process that we follow here at Utah Title Loans, Inc.

We ensured that the inquiry process is as simple as possible. This allows most people to get through the in-person process in under an hour. It also allows people to receive the money they need to borrow quickly. In fact, most people will receive their money on the same day or the following business day.

1. The Online Form

You can start the process by filling out our online title loan form. This quick form will ask for a few pieces of information from you and we will only collect the information we need to take you onto the next stage of the process.

2. The Phone Call

The next stage will happen quickly. Within a few minutes, a Utah Title Loans, Inc. team member will call you. They will explain title loans and double-check that you have the documents needed for a title loan, which are your government-issued ID and your lien-free title.

If you have any questions, then feel free to ask them at this point. We will wrap up the conversation by asking you for a location to meet us for your vehicle inspection. We can also set a time for that inspection.

3. The In-Person Appointment

With your vehicle inspection scheduled, you can meet us at the agreed location at the agreed time and make sure to have your vehicle and documents. Our expert will check over your vehicle and determine how much it is worth by utilizing nationally recognized price guides. At this point, we will also check over your documents to determine whether you qualify.

3. Receive Your Loan

Once you complete the process by signing your loan agreement, you will be all done. The money you’re your title loan will be received on the same day or the following business day.

Are There Credit Requirements For Car Title Loans?

Since we are discussing getting car title loans for bad credit, it’s important to clarify the approach of Utah Title Loans, Inc. to credit scores.

We welcome all credit scores alike, so you are welcome to inquire about a car title loan if you have good or bad credit. Our loan representative will check whether you qualify or not depending on a number of factors, so your credit score may not play as big of a part in our decision.

qualify for car title loans today

Find Out Whether You Are Qualified Today

If you own a lien-free title to a vehicle, then you are already in possession of one of the main qualifiers of title loans for bad credit.

Find out whether you are qualified by getting in touch with us today. Fill in the short inquiry form today and our friendly loan representatives will help you through the process of car title loans for bad credit.