How Much Can I Get For A Title Loan in Utah?
March 18, 2021 | Peyton Sawyer
How much can I get for a title loan? That's a question many people ask, especially when they need some serious cash because of a financial emergency. Millions of people struggle to make ends meet every month, but you don't have to be one of them if you get a Utah title loan.
How Much Can I Get For A Title Loan, Exactly?
The amount of money you can receive once you're approved for a title loan depends on Utah state regulations and your vehicle's value. However, most title loans range from between $300 and a cool $15,000 - both of which can be had within 24 hours of the final approval. Talk to someone at Utah Title Loans, Inc. for more information.
FUN FACT: You can still get a Utah title loan even if your credit is less than perfect because the lender uses your car title as the collateral.
How Much Can I Get For A Title Loan On An Old Car?
Although your Utah title loan amount will depend heavily on the value of your car, the fact that your car is old may not make as big of an impact as you think. Vehicles in good condition value higher than those in disrepair. So, even if your ride is aged beyond its mechanical limits, you may still be able to get significant cash by pawning the title.
FUN FACT: You don't necessarily have to give up your wheels just because you took out a loan. Utah Title Loans, Inc. will let you keep possession of your vehicle as long as your contract is in good standing.
How Much Can I Get For A Title Loan in Utah?
The state of Utah puts a cap of $15,000 per transaction on all vehicle title loans. That means the amount you borrow cannot exceed that number. However, you can get more than one title loan if you have several cars that qualify. Be sure to discuss your options with a title loan representative before deciding.
FUN FACT: You don't have to take the maximum allowable amount if you don't need that much.
3 Steps to Getting A Utah Title Loan
The best part about all of this, besides the fast access to large amounts of cash, is how easy it is to get approved. Unlike traditional bank loans, title loans don't require mountains of paperwork and certifications. In fact, you don't even have to show proof of income or rely solely on your credit score for eligibility.
You can break up the space between your current situation and future financial freedom faster than you think. All you need to do is take these three easy steps:
Step 1: Go Online to Fill Out An Application
There are two different ways to apply for a title loan in Utah. One way is to go to the nearest Utah Title Loans, Inc. office to fill out an application. The other way is to hop online to fill out a quick form. Both processes are fast and easy, but online applications mean you don't have to leave your home.
DID YOU KNOW: An agent from Utah Title Loans, Inc. will travel to your location to finish processing the loan.
Step 2: Get All of Your Required Items Together
Getting approved for this type of financing is much easier than most people think. That's because it only requires a few basic pieces of information and only a few minutes for the agent to review your eligibility. In most cases, applicants can get approved and paid within less than 24 hours. Here's what the agent will want to see:
- Your government-issued driver's license or photo ID
- The lien-free title of your vehicle
- The vehicle for a quick inspection by the loan agent
Keep in mind that you might also get asked for banking information so the company can deposit your money faster. So, have your account and routing numbers ready or present a blank check from an active checking account in your name for quicker processing.
TIP: Use this time to ask important questions and get the answers you need to make an educated financial decision.
Step 3: Sign Your Contract For Fast Cash Relief
This final step is the swiftest and the most relieving. It results in thousands of dollars being dumped into your bank account overnight. It also means you can start taking care of those important bills before they eat away at your credit score. If all looks good, sign your contract on the spot to get immediate cash assistance.
Get Up to $15,000 for Utah Title Loan
So, how much can I get for a title loan? The answer is simple: You can get up to $15,000 in the state of Utah if you meet the basic requirements.
Don’t worry about, “how much can I get for a title loan”, any longer. Get your title loan in Utah today by using the easy title loan process that Utah Title Loans, Inc. can offer you.