If you have been wondering if you can get a car title loan without a pay stub, do not stress yourself, we will be providing the answer in this article that will end your wondering, Car Title Loans California will help you.
The big answer that you want to hear is a Yes. Yes!!! you can get a car title loan without a pay stub. Most lenders require that you provide proof of income but this does not have to be a pay stub, it can be proved from other sources of income such as social security benefits, pension, annuity, retirement benefits, and other investments you own.
What Do I Need to Get a Title Loan?
To secure a car title loan you need to meet two basic requirements;
- You must own a car outright with the title in your name.
- You should be able to show proof of a verifiable source of income.
In addition to this, you would be required to provide the following information;
- Your email address
- First and last name
- State of residence
- Make, model, year, style, and mileage of your car.
- Home address
- Date of birth
- Gross monthly income is either from paid salary or other sources of income.
- Your taxpayer identification number or social security number.
Once you are approved for the loan, you would need to provide the following documents;
- Proof of income
- Proof of residence
- Government-issued photo ID
- Your car title in showing your name.
Now that you know that you do not have a pay stub to secure a car title loan, you can put together the documents and information highlighted above to secure a car title loan. The option of a car title loan is a great one because it does not require credit checks.
Quick Cash Loans
If you need quick cash loans, you can apply for a car title loan and in a few minutes, you will get the funds in your account. Getting quick cash loans has not been easier than what car title loans have to offer. Apply for the loan the same day and get the loan on the same day.
The interesting part is that you can apply online from anywhere you are within the state. You can send in pictures and videos of your car for your lender to evaluate its worth and determine how much loan amount you can get.
How Does a Car Title Loan Work?
When you are approved for a car title loan and the funds are credited, you are expected to make repayment as it is stated in your loan contract.
Taking out a car title loan does not mean that you would part with your car, you can still have your car to yourself. What you will part with is the title of your car that goes into the custody of your lender will assume ownership of the car until you have fully paid off the loan.
As soon as you pay off the loan, you will get your title back with a lien release issued by your lender and the car becomes yours outright again.