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How To Get a Title Loan Even if You're Unemployed

February 25, 2021 | Peyton Sawyer

unemployed and need a title loan

Did you know that millions of people use title loans every year to help make ends meet when they lose their jobs?

What You Need To Know To Get A Title Loan

What Is A Title Loan?

This is a simplified form of rapid personal funding which uses a clean car, truck, or SUV title as collateral for a lump sum of cash. Instead of requiring pay stubs, tax forms, or guarantors, title loans require minimal paperwork and zero external help. It's a deal between the lender and the borrower only, with no traditional banks or credit scores involved.

It's important for every consumer to know how to get a title loan because, at some point, they just might need one.

How To Get A Title Loan

Title loans are underwritten differently than traditional secured loans from a bank. They're easier to get and provide much faster access to large amounts of money. However, they're just as legit and even more convenient. So, here's how to get a title loan from Southwest Title Loans. 

1. Gather Up All Your Paperwork

Make the process even easier by being prepared before you launch. Title loans are one of the simplest ways to get fast cash, and the paperwork required is usually the same no matter where you go. Here's what you'll most likely need:

  • A government-issued driver's license or photo ID
  • The signed title to your car
  • A blank check from an active checking account in your name

In most cases, you'll also be asked to bring the vehicle in for inspection. The title cannot have any liens or judgments against it, but the car itself doesn't have to be operational to qualify. For more details, talk to a loan agent directly.

how to get a title loan

2. Fill Out An Application Online

There's no need to make two trips to the office just for one title loan. You can fill out an application from the comfort of your own home and then sit back and wait for an agent to call you back. A few additional details may get covered in this process, but it only takes a few minutes to complete. Most people receive an answer back within 30 minutes to an hour. Then, a loan agent will set up an appointment for you to come in and finalize the deal with a signature.

3. Discuss The Terms With Your Agent

Write down any questions, comments, or concerns you may have because this is when you address them. There is no time limit for accepting the loan, although terms may change if you take too long. So, go over anything you don't understand before signing the contract and use this as an opportunity to get as much money as you can.

4. Sign The Finalizing Paperwork

This is the easiest part of the title loan process. It takes only minutes and it results in a lump-sum payment being issued to your bank using the information provided on your application. Generally, approved applicants can get their money within hours and then spend it to pay for rent, bills, and other expenses immediately.

Keep in mind that not all title loan institutions are the same. Therefore, you may be asked to submit additional paperwork or proof of your ability to repay the loan. Review the company's procedures or talk to an agent for more details.

Tips For Finding Title Loan Places Nearby

Just because you're unemployed doesn't mean you should be exploited. Poor financial decisions can lead to even bigger problems in the future. Southwest Title Loans offers these 10 amenities for your convenience:

  • Quick and convenient application process
  • Friendly and knowledgeable staff
  • Responsive and helpful customer service
  • Generous loan caps
  • Adherence to state regulations
  • Rapid loan approvals
  • In-store or online access to accounts
  • Positive customer reviews
  • Short appointment wait times
  • Instant access to cash

Also, make sure the place is licensed and insured to loan money for car titles in the state.

Get a Title Loan in Arizona Today

Knowing how to get a title loan online is a life skill that comes in handy for many reasons, especially during times of unemployment. So, learn the steps and always have a way out when you lose your income.

If you ever find yourself in a hard spot financially, don’t wait until it’s too late. Learn how to find title loan places, like Southwest Title Loans, now!

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