Requirements To Get a Short Term Loan
Discount Car Title Loan
What do I need to apply for a car title loan?
At Discount Car Title Loan, Texas, we will need your personal information (name, phone, email, and zip code) and your vehicle information (make, model, year, and estimated mileage) and we’ll require you to have a valid government-issued ID, a lien-free title, and proof of income.
Do I need a job to get approved for a loan? What if I am on disability or retired?
No, you don’t need to be employed to get a car title loan. However, you do need a source of regular income. Other forms of income such as disability, social security, child support, alimony, unemployment, and self-employment are accepted as long as you can provide proof.
Can I get a title loan without a bank account?
Yes, you can qualify for a personal loan or car title loan without having a bank account. Discount Car Title Loan will only require a bank account if you choose to receive your money via ACH.
Can I get a personal loan or a car title loan after bankruptcy?
Yes, you may still qualify for a personal or a car title loan after filing for bankruptcy. Unlike traditional options, title loans are not limited by your bankruptcy status as these are collateral based loans that rely on the value of your vehicle to secure the payment. In essence, the value of your car is your creditworthiness. At Discount Car Title Loan our lenders will be more than happy to process your title advance just like any other applicant at any of our locations in Texas.
Does the car title have to be in my name? What if there are two names?
Yes, the vehicle title does have to be in the name of the person who is requesting the loan. If your title has your name along with someone else, you will need to discuss this with us to determine the procedures required to obtain a title loan in your state. Typically, titles with two names are accepted as long as both names are on the application.
What if the vehicle is not registered in the state in which I reside?
No problem. In most cases, at Discount Car Title Loan we are still able to process your application even if your vehicle is registered in a state in which it doesn't reside. However, there are special instructions that need to be followed on a case by case basis. Our Discount Car Title Loan representative can walk you through them at any of our locations in Texas.