How An Instant Cash Loan Works Using Your Vehicle Title

Understanding your borrowing options before you dive right into getting an instant cash loan is sensible. That way, you can make an informed decision. Here’s a quick rundown on vehicle title loans near me offered here at Utah Title Loans, Inc.

We offer title loans up to $15,000 that you can get as soon as the same day you apply for an instant cash loan. Simply complete the request form on our website to get started.

If you need help during an emergency, quick cash is just around the corner with a title loan. Here, we’ll review the entirety of the loan process, what makes it work, and how you can get started right from this webpage!

Insight Into The Instant Cash Loan Process

Title loans are a type of secured loan that uses the title of your vehicle as collateral. The lender places a lien against your vehicle, a judgment against its value, to mitigate the risk of lending money and incentivize you to repay the loan. During this time, the lender is in fact the owner of the vehicle until your debt has been satisfied.

Of course, you reclaim ownership once everything is paid off, and you can continue using your vehicle even while paying the loan. There are a few key details to keep in mind here.

What Do I Need To Qualify?

First, you need to have ownership of your vehicle. The title needs to be listed in your name and not have any liens against it already. Otherwise, you have neither the legal right to use your title as collateral nor an incentive to pay it off.

As such, it’s important that you check your title to make sure there is no lienholder listed and that the title was properly transferred to you; otherwise, your loan application will almost certainly be denied.

How Much Can You Get With A Title Loan?

Generally, the more valuable your vehicle, the more you can expect to be able to borrow on your title loan. After all, you’d be more inclined to recover an expensive luxury car than one that’s falling apart.

You’re welcome to a rundown car's title as collateral; just be mindful that it will affect the amount on your vehicle title loan.

Because your car’s title is acting as the security, you generally don’t need to have great credit for taking out an instant cash loan. Of course, financial responsibility is important, and you should always keep to the repayment schedule outlined in your agreement.

Our Process

Now that you understand how title loans work, let’s review how you can apply today. First, you’ll want to use the quick request form on this webpage to give us some basic information about yourself. This information allows us to start building a relationship and helps clarify what you may qualify for on your loan. Again, more valuable cars will get you more money--up to $15,000, in fact.

Once you’ve filled out the inquiry form, wait for one of our expert representatives to give you a call. On the phone, they’ll discuss the loan process in depth. If you have any questions at this point, feel free to ask.

Next, you’ll schedule a meeting place, either at the store or another location you choose, for the inspection. We need to meet in person to complete the instant cash loan process to verify your car’s condition, VIN, and title.

Attend the meeting with your required items, namely your state-issued ID, lien-free title, and your car itself. The representative will conduct a quick, 5-minute inspection process to determine the precise amount you qualify for. The quality of your car is important in this evaluation, and good maintenance will likely be rewarded with a higher evaluation, translating to more cash in hand on your vehicle title loan.

If everything checks out, the representative will approve you for the loan, and you’ll wrap up by e-signing the loan packet. You may then be able to arrange to receive your money and leave with your car that same day, although depending on when you arrive, we may deposit the money directly in your account the following business day.

Need Urgent Cash? Apply For An Instant Cash Loan Today!

Utah Title Loans, Inc. is on standby to help you if you need urgent cash to tackle a sudden emergency. Whether it’s costly medical bills, expensive repairs, or important business travel, finances aren’t always cut and dry. If you don’t have alternative resources but own your car outright, an instant cash loan might be a viable option for you.

We offer vehicle title loans of up to $15,000 that you can use to tackle emergencies, and, best of all, the loan process may take as little as 30 minutes. If you’re ready to see what you qualify for on one of our loans, then scroll to the top of the webpage and start the quick request form 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.