Access Cash Quickly and Conveniently Using Auto Title Loans
Although Washington state has some of the most stunning landscapes in the country, living there requires money. Finding money can be challenging if you’re late on rent payments or need help during a financial emergency. It’s not always comfortable to ask family or friends, and applying for traditional loans can be impossible if you also have a bad credit history.
Getting a title loan in Washington can be simple as long as you meet the initial criteria and submit the correct documents! Title loans allow qualified borrowers to use their vehicle title as collateral for funding. Instead of focusing on credit scores, lenders look at your car’s equity and whether you have the income to repay the loan.
Online title loans could be the solution if you need to access cash quickly! Learn how to get a title loan in Washington and what steps are involved. You can start your inquiry today by filling out the pre-approval form or calling to speak with a title loan agent.
What Are the Requirements for a Title Loan in Washington?
While credit score isn’t the main focus of approval for a title loan, lenders will still run a credit check during your inquiry. However, having a good score is not a requirement! The initial criteria for an online title loan may not be challenging for people to meet compared to traditional loan options.
You must have the following:
- Be an Adult at Least 18 Years of Age or Older
- Have a Qualifying Vehicle Title in Your Name
- Have a Qualifying Vehicle With Some Positive Equity
- Proof of Consistent Income
A qualifying vehicle title in your name is essential for a title loan in Washington because your collateral for funding depends on this! If you need help transferring a car title into your name, contact the DMV in your state for more information. Usually, the process can be simple and only requires paperwork and a small fee.
You also need a qualifying vehicle with some positive equity. As mentioned earlier, the credit score doesn’t matter much during a title loan inquiry because approval will largely depend on your car’s value.
Car equity means how much it’s worth versus how much you still owe in payments. You can apply for a title loan in Washington with a financed car as long as it’s close to being paid off. Some circumstances may vary– contact a title loan representative for more information!
Finally, you must provide proof of income during a title loan inquiry. This criterion doesn’t mean you must work a traditional career to qualify! You can be traditionally unemployed and potentially still obtain approval. Consistent income means having a steady stream of money in your account every month. Below are examples of income that may be acceptable:
- Worker’s Compensation
- Social Security Benefits
- Child Support/Alimony
- Pension Income
- Some Self-Employment
What Documents Do I Need for a Title Loan in Washington?
The documentation required for a title loan in Washington can be straightforward! Most adults have this paperwork on hand. You don’t need to look for anything obscure. For a title loan, you must submit the following documents:
- A Valid Government or State Issued Photo I.D.
- Proof of Residency in Washington
- Proof of a Qualifying Vehicle Title in Your Name
- Proof of Consistent Income
- Recent Photos of the Vehicle
A valid government-issued photo I.D., such as a driver’s license or passport, can prove your age and identity. You also need to prove that you live in the state where you’re applying for a title loan. You can verify this criterion using official mail, like a utility bill or bank statement.
As mentioned earlier, you also must provide proof of a qualifying vehicle title and consistent income. You must also submit recent photos of your vehicle for a title loan. If you want the inquiry process to move quickly, make sure your pictures are clear and direct.
Apply for a Car Title Loan in Washington Today!
It’s never fun to run out of money. If you need to access cash quickly, applying for a car title loan in Washington could be an excellent solution. The inquiry process can be quick and convenient! You can start from the comfort of your home by filling out this pre-approval form or calling to speak with a title loan representative.
