What Do I Need To Gain Approval For Title Loans Shreveport?
You don’t have to do much to get title loans Shreveport with the licensed lenders in the Auto Cash USA network. Still, it’s an excellent idea to learn what’s necessary to gain approval for this type of loan application before you apply.
In this quick guide, you’ll dive deep into the title loan requirements you must fulfill to get approved. By the end, you’ll be well-versed in how to get a title loan and can begin applying right away.
Let’s get started!
What Are The Requirements To Get A Title Loan In Shreveport?
There are only a few requirements you must fulfill to gain approval for some of the fastest title loans Shreveport has to offer.
Here are four of those requirements:
1. Minimum Age
For starters, you must be old enough to apply for a title loan. The minimum age requirement to do so is 18 years of age.
There’s no getting around this requirement, not even if you’re only hours or days away from turning 18. You must wait until your 18th birthday before you can apply for a loan.
2. Valid Identification
The next thing you’ll need to gain approval is a valid form of identification. You can provide your driver’s license for this purpose but don’t worry if you don’t have one.
As an alternative, you can also provide any other state-issued ID you have.
3. Car Title
Given that they’re called ‘title loans’, you’ll, of course, need to have the title to your car.
More specifically, that title must be lien-free and registered in your name.
Being lien-free or ‘clear’ means there are no outstanding loans or judgments against that title.
Or, in simpler terms, you must 100% own that vehicle outright.
4. Vehicle For Inspection
Even though you’re using your car title as collateral to secure the loan, the vehicle itself is still a crucial part of the application process.
You must be able to bring the vehicle in for an inspection during the in-person phase of the application process.
That’s done so a representative can inspect the vehicle and determine how much it’s worth. They’ll do that by checking the car’s condition and referring to a nationally recognized pricing guide.
Once they’ve determined the vehicle’s worth, they can then calculate how much you qualify to borrow through the title loan.
Here’s the good news: even if you gain approval for your loan application, you still get to keep your car. You’ll drive home in the same vehicle that you brought with you to meet the loan representative!
Can I Qualify If The Car Title Isn’t In My Name?
No, you cannot qualify or gain approval for a title loan if the title is not in your name. If it’s registered to someone else, your first stop should be your nearest DMV office. There, you can go through the process of transferring the title to your name.
Once that’s done, you can then proceed with your title loan application like normal.
Must I Have A Checking Account To Apply For A Title Loan?
Applicants don’t typically need to have a checking account to apply for title loans Shreveport, but you may want to check with the lender before getting started.
Submit the online inquiry form to receive a call from a loan representative that can answer any questions you have. If you get the go-ahead to apply for a title loan without a bank account, be sure you have the necessary items to fulfill the requirements that were detailed above.
Do I Need A Driver’s License To Get Approved For A Title Loan?
No, you don’t necessarily need to use your driver’s license to apply for a title loan. You can also use other forms of identification, as long as they’re valid and state-issued.
What’s The Process To Apply For A Title Loan?
Now that you know what it takes to gain approval for title loans Shreveport, it’s best to go over the application process from start to finish. That way, you’ll know what to expect and can avoid any surprises.
Here are the 3 simple steps to apply for a title loan:
- First, fill out the secure inquiry form online with your necessary details. That will include your name, contact information, and a few details about your vehicle. After submitting that form, keep your phone nearby and wait for a call.
- Second, a specialist from a licensed loan vendor will call your phone. That call will be to discuss your needs and explain the remainder of the title loan process. You’ll also set an appointment to meet in person so they can inspect your car and finalize your loan request.
- Lastly, you only have to wait a short time to get a loan decision. If you’ve successfully gained approval for your loan, you could receive the money directly in your bank account on the same day or by the next business day. If you don’t have a bank account you can discuss an alternative with your loan representative.
Overall, it’s a very straightforward process to get approved for a title loan. Just make sure you have the necessary items and fulfill the requirements!
Get Started Now!
If you need urgent cash the best time to get started with title loans Shreveport is right now, and you can do that with the help of Auto Cash USA!
To gain access to a network of licensed lenders, submit the secure inquiry form with your details, and soon after you will receive a phone call from a loan representative that can get you the loan you want today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.