I Want A Title Loan – Get Cash Without The Car Title


A common question we receive from applicants is if they can get a title loan without actually handing the lender the pink slip or car title. Keep in mind, we’re not talking about the vehicle pink slip, we’re talking about the actual car you drive. Most people know they need to transfer and hand over the vehicle pink slip or car title before they get the loan. Most financial companies will ask for your keys as collateral for a vehicle pink slip loan. But some are still confused about whether they can keep driving the car. We’re here to tell you that you should have no problem keeping the vehicle during the complete loan term.

Of course, there are times when you may not even have access to the pink slip to hand over to your lender. You may have lost the actual paperwork or the car may not yet be paid off. Do what you can to get the pink slip to your lender. Some states offer fast services to replace a lost or missing vehicle title, and you should definitely take advantage of them so you have a primary source of collateral when you apply.


Get A Title Loan Without The Vehicle Title In Hand

If you apply with a company that wants to hold your vehicle as collateral you should call them out and ask why you need a title loan without the title in hand. If they say it’s normal protocol then you should take action. We can tell you that most lenders in the US will be fine with only the vehicle pink slip. We know of some services that may have specific situations where they would want to keep your vehicle. These may include some pawn shops that treat your car much as an item you pawned in their store. Others will claim to need to hold the car if it’s an expensive or high-dollar loan, but these situations are unique.

In any situation, you need to check the different options if you apply for an online car title loan. Be especially cautious if the company says they need to hold your vehicle as collateral. Spend a few minutes online and apply with a lender that offers car title loans online. It’s likely you will come across a more reputable company that has no problem giving you a loan in exchange for the car’s title.


Collateral Title Loans Without The Actual Vehicle Title

We can think of many reasons why it’s not a good idea for a title loan company to hold your car as collateral. The biggest reason is that you have no way to get to work or handle your errands. Who wants to offer cash to someone who needs their car to get back and forth to work. It’s likely that a person would go on to lose their job if they take out an online loan but have to give up the daily use of the car. Another risk you run if you hand over the car is what happens if the company goes bankrupt or the vehicle disappears? This wouldn’t happen if you’re dealing with a large nationwide car title loan service, or even a regional Texas title loan lender. But none of those larger companies would ask for the car as collateral in the first place.


It’s Possible To Get An Online Title Loan Without The Car Title As Collateral

Save yourself the headache of worrying about the status of your car after taking out a pink slip loan. Don’t stress out if a lender asks you to hand over the vehicle instead of a standard pink slip. Simply thank them for giving you a quote and contact one of the other many car title loan companies. Most title loan companies are only going to require that you show sufficient vehicle equity as collateral for a loan. Nearly all newer cars with low mileage and minimal wear and tear will qualify for a title loan.

Even if you don’t actually have the car’s title in your possession you can still get a certified copy in less than a day from your neighborhood DMV location. The lenders who ask for your actual car as collateral are typically title pawn companies and not really on the same level as a title lender and most won’t hesitate to offer financing based on the title loan value of your car even without the pink slip!. Either way, You’re bound to find a lender that will be happy with your pink slip as collateral!


You may be able to get 10k or more from a title loan without the title!

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