Does TitleMax do a credit check?

Can you get a title loan without credit check?

If you need emergency cash, a title loan is a great option. With online title loans with no traditional credit checks, you can get the money you need by using your car title as collateral. Because your loan is secured by your car, you can get a lower rate, compared to alternatives like a payday loan.

What do I need for a title loan at TitleMax?

At TitleMax, you’ll need to present a valid government-issued ID (like a driver’s license) regardless of what type of pawn you’d like to get. If you are interested in a car title pawn or motorcycle title pawn , then you must bring the vehicle, along with a clear (lien-free) title for the vehicle you’d like to pawn.

Do title loans require good credit?

No credit check: Most title loans don’t require a credit check. This is good news if you need to borrow cash, have exhausted every other option available and don’t have great credit to qualify for a traditional loan.

Is it possible to get a loan without credit?

Although you may be able to get a personal loan with no credit, lenders will probably charge you higher interest rates than they would if your credit was good. … It’s often easier to get a personal loan from a credit union than from a bank.

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Can I get an online title loan?

Online title loans allow you to borrow money and use your car as collateral to secure the loan. … Online title loans may sound appealing because some lenders don’t require a credit check and you may be able to get funds the same day. You can also continue to drive your car while you pay off the loan.

What are 3 alternatives to getting a payday or title loan?

Title loan alternatives with fast turnaround

  • Payday loans. …
  • Credit card cash advance. …
  • Short-term loans. …
  • Payday alternative loans. …
  • CDFI loans. …
  • Loans from friends or family. …
  • Take on a side gig. …
  • Find local assistance programs.

Does a title loan repo affect your credit?

In most cases, a car title loan will have very little effect on your credit. However, car title loans are reported to credit bureaus in the case of vehicle repossession. … It’s also important to note that, unlike other debt payments, making your title loan payments on time or in full won’t improve your credit score.

Can I get a loan against my car with bad credit?

You don’t need good credit

Since you’re using your car as collateral, you may still get approved for a loan if you have bad credit.

What are the requirements for a car title loan?

Documents You’ll Need

  • Original vehicle title showing sole ownership.
  • Government-issued identification matching the name on the title.
  • Utility bill or other proof of residency matching the name on the title.
  • Current vehicle registration.
  • Proof of vehicle insurance.
  • Recent pay stubs or other proof of ability to repay the loan.
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Can I borrow money against my car?

An auto equity loan is a type of secured loan that allows you to borrow money against the value of your car, often whether you own it outright or have some equity in your car. … If approved, the money might be deposited into your bank account as soon as the same day, depending on the lender.