Accessing Online Loans With Car As Collateral

If you need fast cash and own your car outright, you may be able to use your vehicle as collateral to qualify for a quick loan. Known as an online title loan, this option lets you access cash while still keeping your car.

In this guide from Utah Title Loans, Inc., we will review how to get online loans with a car as collateral. We will explain our approval process for car title loans in Utah and how to borrow money against your car. Learn more about how to apply online and get approved in person below!

Title Loans Explained: How To Borrow Money Against Your Car

Do you own your car outright? As long as you have fully paid off any outstanding liens, debts, or judgments, you can use your car to access emergency cash with a title loan.

A title loan is a secured loan that lets you use your vehicle title as collateral to borrow up to $15,000. You can get approved using a title attached to a car, truck, or van.

Here’s how it works: you bring your lien-free vehicle title, along with your vehicle, to one of our stores. We will inspect your car to determine its value and how much you can borrow. If approved, you can sign a loan document agreeing to our terms. We will place a lien on your vehicle title and keep it. You can then drive off with your car and receive your fast cash within one business day.

Can You Get Approved For Car Title Loans Fully Online?

At Utah Title Loans, Inc., we allow borrowers to simply start the approval process with our online form. It’s located right on our website’s homepage and allows you to provide your full name, zip code, email address, and your vehicle’s make, model, and year in just a few minutes.

Although you can start the process online, you cannot get fully approved from your home. You will have to complete the process by visiting us in person and having your requirements verified at one of our store locations. Thankfully, our friendly staff can walk you through the in-person process in less than 30 minutes.

What Are The Requirements For A Title Loan In Utah

Before beginning the loan process online, it’s essential to understand if you can get approved. To qualify for a fast cash loan with a car title, you will need a few other items. You should be able to easily find these items in your home. Once you ensure you have them, you can proceed with the simple approval process.

Here are the required items for Utah title loans:

• Driver’s license – To get approved, you must verify your identity and that you are over 18 years old. Most borrowers use their driver’s license, as it has their photo, full name, and date of birth. However, you can also use other state-issued photo IDs, such as your passport.
• Lien-free vehicle title – As we mentioned earlier, you must own your car outright for secured loans using a vehicle title. As long as your title is lien-free and has your name on it, you can get car title loans in Utah. If your title is in someone else’s name, you must first get a title transfer.
• Vehicle for inspection – To determine the value of your loan, you must have your vehicle inspected in person. You must bring the value attached to your vehicle title. We will look at is age, make, model, condition, mileage, and service history to determine how much you can borrow.

Gather all these items before you begin the process to avoid delays later when you need them. If you have them and the information matches across them, you can begin the online title loan process to get approved for urgent cash today.

The Title Loan Process: A Step-By-Step Guide

As long as you meet our requirements, you can get approved for a title loan the same day you apply. After submitting your information online, you can visit one of our five Utah store locations in places like Provo, Logan, and Clearfield to get approved in 30 minutes. Our friendly staff will walk you through the process to ensure everything goes smoothly.

The following is a step-by-step guide for fast cash loans with a car title:

• Fill out our online form – Begin with the online form on our website. You should be able to fill it out with your basic information in less than five minutes. After submitting it, a loan representative from the store nearest to you will receive it and review your information before giving you a call.
• Speak to a loan agent over the phone – During the phone conversation, our loan representative will explain how title loans work and answer any questions you have. To finish up, you will set up an in-person meeting with them and agree on the store closest to you.
• Get approved in person – Gather your required items and head to the agreed-upon location. Once there, we will inspect your car to determine its value and ensure you have all the proper documents. This will take less than half an hour.
• Sign the loan agreement – All that’s left to do is sign the loan agreement to finalize the process. At this point, you will receive your cash later the same day (if you completed the process before 12 PM) or by the next business day.

FAQs About Title Loans

How does title loan repayment work?

We will work out the repayment schedule with you during the process. We don’t have a set schedule for repayment; it will depend on your financial situation. However, we suggest repaying as quickly as you can afford, as title loans collect interest.

Can you get a title loan with bad credit?

Secured loans using a vehicle title, like title loans, don’t require good credit for approval. The loan lender is secured using your car title, so you can get approved for a title loan with bad credit. We also don’t report our loans, so you can borrow without lowering your score.

Do you get to keep your car?

This is a fast cash loan with a car title, not your car. You will have to give up your vehicle title as collateral, but you get to keep driving your car.

Get A Title Loan In Utah – Borrow Up To $15,000 Today!

Securing online loans with a car title as collateral and accessing quick cash is easier than ever with Utah Title Loans, Inc.! You can apply online and get approved in person without worrying about your credit score. Ready to get started? Fill out our online title loan form and visit us in person to get qualified in less than 30 minutes. Borrow fast emergency cash today with a title loan in 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.