What Is The Credit Check Process For A Car Title Loan?

Written By June Mckaig

Published on October 4, 2023

Many applicants worry about their credit when going through the process for loans, but you don’t have to when working with one of the lenders in the Auto Cash USA network. You only need a few things to qualify for a title loan, but perfect credit is not one of them.

Instead, you can come in with good or bad credit and still find out if you qualify. While a credit check may be part of the process, your approval is not completely based on credit, so don’t worry.

You will still be evaluated the same way as anyone else, regardless of what your credit looks like. Keep reading to learn more about these loans, their requirements, and how the credit check fits into the process.

What Are The Requirements For A Car Title Loan?

To start things off, let’s quickly review the title loan requirements to see where the credit check process fits in. Here are the simple requirements to qualify for a title loan:

A text reads, 'What is the credit check process for a car title loan?' and features a background measuring tool alongside a credit report.

1. Minimum Age

First, there is the minimum age requirement to apply. You must be at least 18 years old to qualify for one of these loans.

2. Identification

Next, you must also be able to provide valid identification in the form of a driver’s license. Alternatively, you can use another state-issued ID if you don’t have your driver’s license available.

3. Lien-Free Car Title

Given the type of loan you’re applying for, you’ll also need a lien-free or ‘clear’ car title. That means the title has no outstanding loans or judgments against it, and that you own the vehicle outright.

4. Vehicle For Inspection

You’ll also have to bring your vehicle in for a quick inspection as part of the application process. This is how the representative will determine the amount you are eligible to borrow.

5. Good Or Bad Credit

Now, let’s talk about your credit. There are no strict requirements for credit when going through the process for a title loan. In other words, having perfect credit is not a necessity. Instead, you will be evaluated the same as anyone else, regardless if your credit is good or bad. Just remember that all credit ratings are welcomed for most title loan amounts.

What Does The Credit Check Process Look Like?

The credit check will happen during your process. The first step you must take is to fill out the online form with your basic details to get the ball rolling. Remember, you must check the box on that form to consent to a credit check. Once you submit that form, here’s what will happen:

First, your information will go to a friendly loan specialist who will call you soon after.
The specialist will use that call to learn about your financial needs and explain to you what happens next.
Then, they will connect you to a licensed loan vendor who can best help you. That vendor will set an appointment to meet you in person and help you complete the process.
When you meet the loan vendor’s representative, they’ll verify your documents and inspect your vehicle. That will enable them to tell you if you qualify for the loan and, if so, how much you can borrow.

Again, the vendor’s representative will determine whether or not you qualify based on several factors, like your car’s value and your ability to repay the loan. Overall, the title loan process will be the same, no matter what your credit looks like.

A hassle-free car title loan: A man is writing on a document with a toy car, car key, and calculator on top of a wooden table.

How Long Does It Take To Complete The Title Loan Process?

Completing your loan application won’t take too long at all. For example, you could be done with the in-person meeting in as little as 30 minutes, including the quick car inspection. Then, if you are approved, the money could be yours as early as the same day or by the next business day.

Of course, everything will depend on how soon you get started on filling out and submitting the online form. You can take that first step anytime you want to from the comfort of your mobile device.

The sooner you get started, the sooner you can complete your title loan process! If you’re concerned about keeping the process time to a minimum, remember these helpful tips:

Prepare the necessary documents ahead of time so they’re ready when you need them.
Show up to your in-person meeting on time to avoid delays.
Ask questions to clear up anything you’re not certain of to avoid confusion.
Check that all the information you provide is accurate and free from any errors.

These simple steps might not seem like much at first, but they’ll surely help you avoid any hiccups along the way!

Get Fast Cash Now!

Don’t worry about your credit check when getting a car title loan with help from Auto Cash USA. Just make sure that you have the necessary items and can meet the requirements to qualify.

Once you know that you can do that, just submit the online form to get started. Soon enough, a knowledgeable specialist will get in touch with you on the phone!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.