The 3 Things You Must Have To Get Cash Loans On Car Titles

Need fast cash but worried about your credit score? A title loan lets you borrow money using your car—without giving it up. At Utah Title Loans, Inc., the process is simple, streamlined, and often completed in less than a day.

In this guide, we’ll cover the three essential requirements to qualify, explain how the process works, and help you decide if this short-term loan option is right for you.

What Are Cash Loans on Car Titles?

Cash loans on car titles—commonly known as title loans—allow you to use your car’s lien-free title as collateral to borrow money. Unlike traditional loans, title loans don’t require perfect credit or lengthy approval times. In fact, most borrowers can get approved and funded the same day.

Before you apply, it’s important to know the few basic items you’ll need to bring. That’s where the three essential requirements come in.

3 Essential Requirements to Qualify for a Title Loan

These requirements are designed to make the process quick, straightforward, and stress-free.

1. A Valid State-Issued ID

Borrowers must be at least 18 years old. To prove your identity and age, you’ll need a government-issued photo ID such as a driver’s license.

2. Your Car for Inspection

Your vehicle’s value determines how much you can borrow. A loan representative will check:

• The make, model, and market value of your car.

• The vehicle’s condition, including mileage and any mechanical or cosmetic issues.

This inspection helps decide your maximum loan amount. Remember—borrow only what you truly need to cover emergency expenses.

3. Your Car’s Lien-Free Title in Your Name

The collateral for the loan is your car title. To qualify, the title must:

• Be free of any liens or outstanding financial claims.

• Be in your name to prove full ownership.

If your title is not yet lien-free or still under someone else’s name, you’ll need to resolve this before applying.

Pros and Cons of Title Loans

While the requirements are simple, it’s also important to weigh the benefits and drawbacks before deciding if a title loan is the right choice for your situation.

Pros of Title Loans:

• No credit check required

• Fast approval & same-day funding

• You can keep driving your car while repaying

Cons of Title Loans:

• High interest rates if not repaid on time

• Risk of vehicle repossession if you default

• Short repayment periods

Real-Life Example: Title Loans in Action

Sometimes, the best way to understand how a title loan works is by seeing a real example.

For example, if an individual had an unexpected medical bill but didn’t qualify for a traditional loan due to poor credit. they could apply for a title loan with Utah Title Loans, Inc., and get approved within 30 minutes, and received $2,500 the same day—without affecting their credit score.

How to Apply for a Title Loan in Utah

Once you understand the requirements and potential risks, applying for a title loan is quick and straightforward. Here’s how the process works step by step:

1. Submit the online form with your basic information.

2. A representative from your nearest Utah Title Loans, Inc. location will call to confirm details and set up a meeting.

3. Bring your ID, car, and lien-free title for inspection.

4. Complete the paperwork and get your money—often on the same day.

Get Your Title Loan Today!

If you’re facing a financial emergency, you don’t have to wait for traditional lenders. Utah Title Loans, Inc. makes it simple to get fast funding with just three basic requirements. 

Ready to get cash fast? Apply for a title loan online today and get approved in as little as 30 minutes! Fill out the form to submit your loan request now and take care of your financial emergency without delay.

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