How Can I Get Approved For A Loan?

Many people believe that getting approved for a loan in Utah is difficult. And while that's true for traditional financing options from banks and credit unions, the title loans, payday loans, and installment loans we provide at Utah Title Loans, Inc. are comparatively easy. Of course, there are still requirements that you need to meet. However, these requirements aren't as rigorous as traditional loans.

The fact is you won't need to deal with seemingly endless requirements, making it even more straightforward. We want to make sure that you find out as quickly as possible if you can get approved for either of these three loans. So, if you are ready to begin, in the following sections, we will go over how you can get through the process for either title, payday, and installment loans from us at Utah Title Loans, Inc. when you need quick cash.

Find Out How You Can Get Through The Loan Process

How To Get Approved For A Title Loan

A title loan from Utah Title Loans, Inc. allows you to borrow between $300 and $15,000, depending on how much your vehicle is worth and its overall condition. If you are approved, you get the money on the day you finalize your application or the following bank business day, making them an option when you're enduring time-sensitive monetary emergencies. To get approved for a loan of this nature, you will need the following three things:

• Your driver’s license or state-issued photo ID.
• Your vehicle for inspection (we accept cars, vans, and trucks).
• Your lien-free vehicle title to use as collateral.

As for credit, a good score isn't necessary to qualify for this loan with us. However, you must own your vehicle without any payable liens or judgments (proved by your lien-free title) to find out if you qualify. And the more your car is worth and the better its condition, the higher the chances of gaining approval for a larger loan amount – provided we decide you qualify in the first place. We evaluate the following things when determining how much your car, truck, or van is worth:

• Its age.
• Its odometer reading.
• Its mechanical and aesthetic condition.
• Its service history.
• Its modifications (spoilers, custom paint jobs, and decals, for example).

How To Get Approved For A Payday Loan

If you don't own your vehicle outright with a lien-free title, you won't get approved for a title loan. However, if you still need quick money, you can apply for a payday loan. Our lending limits for this loan type are anything between $100 to $500. It's a good amount of money for minor emergencies, and you don't need a vehicle of any kind to qualify. Instead, you can use the following three items to find out if you can get approved for a payday loan:

• Pay stub covering the most recent 30-day period.
• Your driver’s license or state-issued photo ID.
• A blank check from an active checking account in your name.

Like title loans from us, you don't need a near-perfect credit score to qualify for this type of loan. In fact, you can have a fair or poor one and still find out if you qualify to get approved for a loan with us. And also like our title loans, if you do gain approval for this loan, you will obtain the money on the day or the following bank business day. And if you are approved and have the money, you can use the money for emergency expenses.

How To Get Approved For An Installment Loan

Now, if you can’t get a title loan because you don’t have the collateral and you can’t repay the payday loan by your next paycheck, there is one more loan we offer. You can receive up to $1,500 with an installment loan for emergency purposes. Like our other two loans, you will get the money – if you are approved – on the same or the next bank business day. And with this loan, you can repay in installments. To get approved for an installment loan, you must provide the following three items:

• A statement from your checking account (it needs to show the last 30 days).
• Your driver’s license or state-issued photo ID.
• Income proof (your most recent pay stub).

Please consider that we will check your credit history before determining if you qualify for approval for this type of loan. If you would like more information about the requirements or the credit check, talk to one of our Utah Title Loans, Inc. representatives. They'll be more than happy to talk you through everything, ensuring you can make a well-informed decision on whether or not this is the loan to help you with your emergency expense. 

See If You Can Get Approved For A Loan From Utah Title Loans, Inc. Today!

You now know how to get approved for a title loan, a payday loan, or an installment loan. They are easier to apply for than most people expect, but you should still ensure you have a justifiable reason for getting a loan before attempting to gain approval. Otherwise, you'll be repaying a potentially large sum you never actually needed in the first place. So, all you have to do now is choose the one that fits your situation the best!

And when you do make a decision on which one is best, as we’ve shown in this article, we make it simple for you to begin the process. To see if you can get approved for a loan from Utah Title Loans, Inc., all you have to do to begin is fill out our simple inquiry form online (make sure you select the specific loan you want to apply for, as we offer all three), and a representative from the nearest location will be in touch to discuss the process in detail.

 

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