Can You Get a Title Loan on a Car That is Not Paid Off?
Practically any kind of vehicle can be eligible for an auto title loan
In most cases, it’s possible to get your money in as little as half an hour. That’s because our loan experts have streamlined the steps and made them as customer-friendly as possible. It takes us just minutes to evaluate your vehicle and ount you may be eligible for.
The most common form of auto title loan is offered online installment loans Massachusetts to owners of passenger cars, but trucks and even motorcycles can also qualify. However, there is one question that consistently comes up about the process: whether you need a paid-off car title to get a loan.
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1 Title-Secured Loans, Secured LOCs and Title Pawns: Maximum pledge amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies for and accepts both the pledge max of $2,500 and Secured LOC max of $4,000. Refinancing is not available for Mississippi or Tennessee Pledge products. Minimum loan amount for title-secured loans in South Carolina is $601.
Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry and motor vehicle appraisal. Must present valid government issued ID. Certain other eligibility requirements and terms & conditions apply. Loan/LOC/Pawn amounts vary by states and product. LOC customers are subject to a periodic collateral review to maintain credit limit. Proof of income documentation and ability to repay analysis is required in Missouri, Nevada, some Texas locations, and Utah.
2 Personal Unsecured Loans/LOCs: Unsecured loan amounts and products not available in all stores/states. In-Store: Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. Bring in active bank account details (dated within the last 60 days), and a valid government-issued ID to apply. If your bank account statement does not show recurring income deposits, you will need to also bring in proof of income, like a paystub, from within the last 60 days. Continue reading “Can You Get a Title Loan on a Car That is Not Paid Off?”