Is It Possible To Get Title Loans In A Day?
Yes, getting the title loans within a day of the loan application is possible. Signing it before 2 P.M. in the lender’s time zone is crucial. This ensures that you get the loan amount on the same business day.
There Are Three Quick Steps To Follow:
- Request For Online Title Loan
- Get Approval From Your Lender
- Sign the Loan Agreement & Get the Funds
Lender’s Tip: Title loans should only be taken when you need fast cash in emergencies because they have high-interest rates. It is also recommended to keep all documents in one place for a smooth loan application process.
Key Takeaways
- To qualify for a title loan, you must have a lien-free title in your name.
- Even with a bad credit score, you can get approved for a title loan.
- Your loan amount depends on your car’s value and ability to repay the loan.
- When you take out a title loan, you can keep driving your car.
- Failure to repay your loan may lead to your lender taking possession of your car.
Can You Get Title Loans In The City Of Flint?
Important Notice: Yes, Flint residents can get title loans. Moreover, they can request loans from some online lenders regulated by the FDIC. This is possible, even though Michigan has rules about it.
With Montana Capital Car Title Loans, you can still get loans from other states. You can easily obtain a preapproved loan in minutes, all without making any commitments.
Accessing Your Auto Title Loan Funds
An online car title loan is a secured loan that is easy to get, and the process is quick. Borrowers might be able to get their loan money on the same business day.
You can use the following collection methods once the loan agreement is signed and the car title is transferred:
- Deposit by direct deposit
- MoneyGram check
- Pick up your check at a nearby branch
- Prepaid card or debit card
- Mail Check
To find out which option is ideal for you, it is best to consult with the lender.
Do I Need To Have A Job For Title Loans In Flint?
No, a regular job is not required to qualify for a title loan. However, you will need to have a steady income flow to be eligible for this. Lenders understand that not everyone has a 9-5 job to make through a month.
So, if you have alternate sources of income, you can request a title loan. Lenders accept many types of incomes, and here are some of them for you:
- Freelancing
- Passive Income
- Severance Pay
- Trust Fund Income
- Disability Insurance
- Worker’s Compensation Pay
- Annuity
- Trust Fund Income
- Social Security Benefits
- Rental Income
- Monetary Settlement Ordered by Court
- Cash Settlements
- Tax returns
Who Keeps My Car While I’m Paying Back The Loan?
You can still drive your car while paying off your car loan. As a safety measure, the lender keeps the car’s papers until the loan is fully paid. Do not worry—if you make your payments on time, you can own and use the car.
When you finish making loan payments, the seller will transfer your car’s lien back to you.
Lenders Note: While you’re paying off the loan, don’t forget how important it is to keep your insurance and car in good shape. That said, if something bad happens and you can’t repay the loan, the lenders can take possession of the vehicle.
Can I Get A Title Loan Without Bringing In My Car?
Yes, you can get an online title loan without bringing in your car. These days, most auto title lenders let you do car inspections online, so you don’t have to go to a store.
For the online assessment, you must send the lender high-quality pictures of your car from every angle. The lender can analyze the picture to determine the loan amount by looking at your car’s make, model, and miles.
Did You Know?
Flint used to be called “Vehicle City” because of its thriving car industry. It had the world’s biggest General Motors manufacturing complex, employing over 60,000 people at its busiest. The city played a vital role in the growth of the American auto industry and the United Auto Workers (UAW) union.
Source: Library Of Congress
Frequently Asked Questions
Can I Get A Title Loan With An Out Of State Title?
Yes, unlike banks and credit unions, auto title loans are available to individuals who own vehicles in states other than their own. However, you need to show that you live in the state where you are asking for car title loans. Additionally, you must have other documents for the loan to be approved:
- A Clear Vehicle Title
- Proof of Income
- Residential Proof
- Vehicle Registration/ Insurance
Do You Charge Anything to See If I Qualify For The Loan?
No, there is no charge to determine if you qualify for a title loan. You can ask for a loan or find out how much your car is worth for free. It’s quick; you can see if you’re eligible in a few minutes.
Our easy-to-use title loan calculator can help you determine how much you’ll have to pay each month.
Are You a Licensed Lender?
Yes, Montana Capital Car Title Loans is a qualified car title loan company, and the Department of Financial Protection and Innovation policies control how we do business. We follow the regulatory body’s rules to ensure the loan process is fair and clear.
Apply for Bad Credit Title Loans in Flint, Michigan!
Are you having money problems? Don’t worry – even with bad credit, we might be able to help you get a loan within a few hours.
However, you should only take this loan in an emergency situation. Request a title loan today, and you can get the funds you need within a few hours. If you want to know how car title loans work, you can always call us at 800-700-8900!