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How to get a car title loan without bank account

By MattJones

If you’re in need of fast cash and you have poor credit, a bankruptcy in the past, and are interested in how to get a car title loan without a bank account you will learn how this can be possible.  First, what is a car title loan?  Well, a car title loan is a loan based on the equity in your car.  The Net Lender can assist you with getting a car title loan and we have developed a Frequently Asked Questions guide about auto title loans so you can be educated on how a vehicle title loan works.  Another resource for you is TNL Car title loan’s blog.  Here you will see many topics covered and can get answers to any and all questions you may have.  Furthermore, do not hesitate to call us toll free at 888-539-2065 so you can speak to one of our friendly representatives.

Watch this video or continue reading the article to learn more:

How to get a car title loan without bank account – part one.

First, you need to understand a car title loan works.  In the state of California auto title loans are regulated by the department of business oversight.  You can find more information about that governing body here.  In the state of California the minimum amount for a car title loan is no less than $2,500.  Most lenders, to be on the safe side, will require the loan to be at least $2,510 or even $2,600.

Secondly, your vehicle needs to have enough equity in it to qualify for an auto title loan.  While you can have a lien on your vehicle, you need to understand that a car title loan will have an interest rate that will probably be higher than your original loan on your car, pickup truck, or sports utility vehicle.  If you owe money on your current vehicle a vehicle collateral loan lender will “re-finance” your existing loan into an auto title loan.  The pro’s of auto title loans are that they generally have no prepayment penalty.  The disadvantage are that a vehicle title loan can have very high interest rates.

You will also need to have full-coverage insurance on your vehicle, proof of income of at least $1,200 a month, you normally can’t be in progress of a current bankruptcy, you have to have a vehicle that has enough equity on your vehicle–which depends on many factors.  The age of the vehicle, the make and model of the vehicle, and the mileage.  The less mileage on your vehicle and the better condition it is in–the more money you will generally be able to borrow.

How to get a car title loan without bank account – part two.

Once you pre=qualify for an auto title loan the lender will want to see some additional information.  These generally include proof of insurance, proof of income (as mentioned above) pictures of your vehicle, personal references, professional references, and the lender will generally want to pull your credit report.  Rest assured, even if you have a poor credit history or a bankruptcy in the past most auto title loan lenders will work with you–as long as your vehicle has enough equity in it to qualify for a minimum loan amount of $2,500.

If you are in need of quick cash don’t hesitate to call us today.  Fill out the application form on the website, or call us today at 888-539-206 to get money quickly.  Rest assured, our staff is professional, knowledgeable, and polite and we don’t believe in a high pressure sales pitch.  If nobody answers just leave a message and someone will return your call promptly.

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Jeremie B

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I am the head of the household and I know that pressure one can get from bills and discrepancies in your credit. I used my car I bought before I got married and it turned out to be  such a lifesaver for me. I took out about half of what I was offered and wasn’t pressured any further. Thank you and hopefully my car will be eligible again if need be.