application approved for a title loan

Am I Eligible To Get Title Loans In West Valley City, Utah?

People looking for loan options when an unexpected expense hits home, such as a car repair or a medical emergency, want to know about title loans in West Valley City, UT.

Am I eligible to get title loans in West Valley City, UT? It's not an uncommon question. Many people are unfamiliar with how title loans work or what's required to get one. This article will give you all the information you need about title loans, the items you need to be eligible, and how they differ from other loan options.

The Differences Between Title Loans and Bank Loans

Title loans differ from other types of loans offered by banks and other financial institutions. One of the biggest differences is that title loan companies allow those with bad credit or no credit to apply. 

Banks require a good credit score to consider someone for a personal loan and sometimes require collateral like your home for an equity loan. Title loan companies don’t typically rely on check scores for approval but it depends on the company. 

A company that offers title loans will hold your vehicle title as collateral, but not your vehicle. You can keep your vehicle and drive it as usual while you repay the loan.

car title and key for title loan eligibility

Banks Take A Long Time

Banks also take longer to get a loan decision than companies offering title loans. Banks require a lot of documentation and can take a couple of weeks to approve even a small loan, while title loan companies have simple paperwork with decisions on approval made in as little as 30 minutes. 

You can get your cash quicker with title loans in West Valley City, UT compared to banks. Banks can take a few weeks to get loan money to you. A West Valley City title loan company can provide the cash either the same day or the following business day. 

Keeping Information Private

Banks officers want to know exactly why you need the money and won't loan money for things, such as emergency expenses. Banks and other financial institutions, such as credit unions want you to have money in savings before approving a loan. But those who need money for emergencies usually don't have much money, if any in savings. That's why they need an emergency loan.

Title loans in West Valley City, UT understand that which is why they don't have these types of eligibility requirements in place. Title loans are available for emergency needs and don’t worry about what is in your bank account, or the lack thereof. It's a much similar transaction to what you will go through with a bank.

That's important to those who value their privacy and don't want to release a lot of personal information.

Requirements For A Vehicle Loan

There are three basic requirements for title loans in West Valley City, UT. The first, is you need either a driver's license or a state-issued photo ID. You will also need a clean title for your vehicle in hand and your vehicle for an inspection. 

Some title loan companies will ask questions about your employment, income, and whether you are in bankruptcy. Another possible question is for at least a few personal references so it's always good to have those contact numbers handy. 

Title loan stores don't require things like credit references, the amount of outstanding debt, and the name and contact information of your employer. This is why many self-employed people find them to be an option when they need emergency cash. 

man giving thumbs up to title loans

Getting Title Loan

Utah Title Loans Inc. is one company you can contact for your title loan needs and more. This West Valley City title loan company offers title loans, as well as payday loans and signature installment loans. With a title loan, amounts range from $300 to $15,000 with the value of your vehicle determining the loan amount you are approved for. 

To apply for a title loan through Utah Title Loans, Inc., simply complete and submit the online form and one of the loan representatives will call you to provide more information. From there, you can arrange to meet at the store location near you or at a location of your choice to finish the in-person portion of your loan request.

When you meet with the representative, they will validate your eligibility by checking your documents and giving your vehicle a quick inspection. The representative will then help with the simple paperwork, allowing time to go over all the details of your loan before you sign and you could complete the process in as little as 30 minutes.

If approved, the title loan money will be available to you either the same day or the next business day. This title loan company welcomes all types of credit to apply and has many locations all over the state so there is likely one close to you. Best of all, you can keep your car. 

Fill Out The Form

To find out more about getting a West Valley City title loan to help meet your emergency expense, submit an inquiry form online. Once your information is received a loan representative will call you to go over the details of a title loan and answer any questions you may have about eligibility.

By completing and submitting the online form you are not agreeing to a title loan, you are only providing the basic information needed so that a representative can call you. If this type of loan option sounds like a good fit for your emergency needs, complete the process to get the fast title loan cash you need today.

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.