Online Title Loans In Utah – How To Get Same Day Approval
You have options if you live in Utah and need fast cash for any type of unexpected emergency expenses. There’s always the possibility of getting an unsecured loan, but you can now apply for online title loans in Utah and borrow up to $15,000 of your vehicle’s equity. The car title acts as collateral for the loan and you pay off the amount borrowed over a period of 6 months to 2 years.
Highway Title Loans offers cash for your vehicle title in Utah and we take pride that our online application process is quick and effective. You can fill out the online form in less than 5 minutes and be approved for a stress free title loan that very same day.
Car Title Loans In Utah – Current Requirements
So, who can qualify for a car title loan in Utah? In order to be eligible, you must have a clear title to your vehicle and the vehicle must be registered in your name. The requirements for your pink slip are the most critical request from any lender and there’s really no leeway if you don’t have a paid off car title. The title is collateral for the loan amount and that’s what a finance company relies on as security if you don’t make the monthly payments.
You must also be able to provide proof of income and residency in the state of Utah. Some lenders may way want to further verify your employment information and will ask for confirmation in the form of pay stubs or bank statements. Other than your car title and proof of income any additional requirements are limited and often on a case by case basis. These may include proof of vehicle insurance and an inspection to verify the car’s current condition. Some companies will allow you to send pictures or videos that show the outside and inside of the car and others may require a physical inspection of your car at any licensed location in Utah.
How Much Money Can I Borrow With Vehicle Title Loans In Utah
The amount that you can borrow will depend on the equity value of your vehicle and other factors like how much money you make each month and what you can afford to pay for the monthly payments. Vehicle title loan amounts average $2,000 to $6,000 in Utah, but you should always try to limit the full loan amount, even if a finance company wants to offer more! Only borrow what you need as any excess amounts will come with high interest charges and that makes it harder to pay back the loan in full.
Can I Qualify For Car Title Loans In Utah With Bad Credit
Yes, there are many examples of people getting approved for car title loans with bad credit. Instead of checking your credit history, a lender will want to see how much equity you have in the vehicle. For those who can use a vehicle as collateral, there’s far less emphasis on the credit report.
Even though title loan companies will only do a quick check of your credit, they will still look out for major credit concerns. For instance, it’s a red flag if you’re currently involved in any bankruptcy proceedings in the state of Utah. Also, you will probably be denied if you have a current title loan. Having an existing loan or active bankruptcy are a few reasons why you may get denied because of your credit history.
Apply Online Or With A Local Company In Utah
Apply online with Highway Title Loans to get an instant lending decision from a local lender near you. Or, you may want to consider title loans with a local company in Utah if you prefer to deal with a live person and take your time in going over the loan contract and other required documents. Larger companies have physical locations throughout the state and most will do an in-person inspection of your car before approving you for a loan. The majority of these firms are of course in Salt Lake City but you can also find a few companies with loan offices in Provo and St George that offer quick funding in 24 hours or less!