Car Title Loans: Things to Bring With You and What You Should Know

Going to take out Car Title Loan?

Take these steps first to ensure you’ve got all your ducks in a row. You might even want to start a folder to help organize all the paperwork you’ll need. It’ll save you time and grant you peace of mind throughout the process!

1) Make sure your vehicle is clean and ready for inspection. Even though you’ll be keeping it and driving it, you want to be sure your car is getting appraised at its fair value.

2) You’ll need a clear car title in your name. This is very important. There can be no outstanding liens on the title.

3) Identification – You’ll need to show that you’re the person you say you are, the person who owns the vehicle. For identification, you’ll need your driver’s license, proof of vehicle registration, and proof of vehicle insurance.

4) Proof of Residency – To verify your residence, you’ll need to bring a lease or mortgage statement, current phone bill, and an additional utility bill, such as an electric bill.

5) Proof of income- If you do not have a steady flow of income, you may not qualify for a car title loan. In order to show that you are currently employed, you’ll need to bring a current pay stub.

6) References – Car title loan companies will ask that you provide personal and professional references to attest that you’re a trustworthy person.

7) Extra vehicle key – Bring an extra vehicle key with you, although some auto title loan companies don’t require it – it’s best to be on the safe side here.

8) A positive attitude – Whatever your reason is for needing an Auto Title Loan, just remember that you will only get through the situation with a positive attitude. You can get cash in a hurry for now, but you need to be prepared to repay the loan