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

Wondering how to get title loans with bad credit Utah? The only way you can know for sure whether you will be able to obtain car title loans with bad credit Utah is by going through the inquiry process.

At Utah Title Loans, Inc., we can 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 can qualify for the bad credit title loans with no credit check Utah that you need.

The 3 Main Factors For Getting Fast Approval Car Title Loans Bad Credit Utah

1. You Are Required To 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. 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 on your way to get approved for car title loans for bad credit. 

2. That Vehicle Will Need To Have A Lien-Free Title

We are only able to offer title loans to those who 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 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 apply for a Utah title loan from a lender, 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.

How To Get Title Loans With Bad Credit Utah

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 was 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. Most people will receive their money on the same day or the following business day.

1. Complete The Online Inquiry Form For Title Loans

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. Wait For A Phone Call From The Loan Representative

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. Preparing For 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.

4. Getting Approved For Emergency Title Loan Cash

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.

But, while these short-term loans can be a great solution when an unplanned expense arises, it is important to know that these loans should only be used in emergencies that you can otherwise not afford and will worsen if left unresolved. Like any loan, whether it’s a traditional; bank loan, or an emergency cash loan from Utah Title Loans, Inc. you should understand the terms and conditions, and agree to the interest rate and payment schedule before entering into a financial contract.

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 several factors, so your credit score may not play as big of a part in our decision.

Apply For Bad Credit Title Loans With No Credit Check Utah 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 getting title loans with bad credit and instant approval Utah.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.