When applying for a car title loan, the current market value of your vehicle is the most important factor for instant approval and in the case of bad credit motorcycle loans are also possible. Vehicles that aren’t fully paid off or titled in your name won’t be accepted by lenders. Depending on the make, age, and mileage of your vehicle, lenders will usually value it lower than the market rate. Lenders can provide loans of up to a few hundred dollars.
- Get your vehicle’s title. It is critical to have a title that is clear and unambiguous.
- Fill out the online application form. Documents should be uploaded. You’ll need to show no credit check payday loans Gallipolis OH proof of income as well as a photo ID. Some lenders will not run a credit check on you.
- Your application will be reviewed by the lender, who will then assess your vehicle. The lender may contact you after you’ve submitted your online application and paid the required fees to inquire about your application.
- An appraisal can be requested in person by a lender. If necessary, they may ask to come to your home or accompany you to a store. Lenders may request a copy of the loan agreement or install a tracking device that prevents the vehicle from starting. (more…)