Title loans can be effective for anyone who needs to borrow money but can’t get approved because of bad credit. But happens if you have a vehicle but the car’s title is not in your name?
How To Get a Title Loan With Title Not In My Name?
The simple answer is no, you’re ineligible to apply for car title loans if the car title or “pink slip” you want to use as collateral is not in your name. 
A title loan is designed to help those who need money quickly to get access by using their car as collateral. You need to own something in order to use it as collateral as a title loan cannot take something that belongs to a third party.
However, if the car does actually belong to you there are plenty of options. In most states transferring a car title to your name is a quick and easy process. By simply taking a few extra steps and putting your name on the title you can be eligible for a title loan.
Can I Get a Title Loan if The Car Title Has Another Name On It?
While you need to check your state’s statutes, in most states if your car title has more than one name both parties are eligible for a title loan. In other states, both parties may need to sign for the title loan. It is important to check with your state’s laws or call a title loan vendor to ask for advice. Most title loan lenders are well-versed in title law and are extremely helpful with questions. In other scenarios, they can help you get out of a title loan with other companies that have high fees or APRs. The same distinction applies in this case, as the vehicle title needs to be in your name.
How To Add My Name To The Car’s Title?
All states require different proof of identity to get a pink slip so check before you go get the car title in your name, but you should expect to need some combination of a government photo ID, lien free pink slip, and a transfer of ownership form. There is usually a small cost associated with the transfer, but it also differs by state so calling your local DMV is the best way to prepare. One example of this would involve someone applying for a vehicle equity loan in Cleveland, OH that needs to add or remove a beneficiary to the title after death. These situations are unique, but they come up every now and then when someone needs to quickly update a pink slip.
Can I Get a Car Title Loan if the Title Has Not Yet Been Signed over to Me?
If you want a car title loan online but have lost your title or misplaced it, you can head down to the DMV and ask for a replacement title. You may also have to get new documentation if you’re looking to refinance a title loan or make any other general changes to the pink slip. You can usually do it in person or by mail and if you have a reasonable amount of information the process should not take long. After it is complete you can obtain a title loan so long as you meet the lender’s criteria. Another option is to simply talk to the person who’s either the cosigner or has the actual title in possession. Find out what they’re going to need to get the title put back into your name!
Janet Patterson is VP of Marketing Communications for Highway Title Loans and the feature editor of its Lending Blog. Janet has worked in the financial service industry for over a decade, with 7 years of experience in the car title loan industry. She previously managed a customer service team that helped and advised consumers on all their lending related questions and concerns.