Car Title Loans In Utah With Same Day Approval
If you live in Utah and need fast cash to pay bills or unexpected expenses, you have options. There's always the possibility of getting an unsecured loan of $400 or less. But now you can get a car title loan in Utah and borrow up to $15,000 using the equity from your vehicle! The car's title is collateral for the loan, and you pay off the amount borrowed over six months to 3 years. These loans are great because you can borrow a significant amount of money. Besides that, you don't need good credit to qualify! Some customers can be approved without a credit check!
Highway Title Loans offers cash for your vehicle's title in Utah, and we take pride that our online application process is quick and hassle-free. Complete our online form in less than 5 minutes or call us at 877-433-5454 and be approved for a car title loan that same day!
Car Title Loans In Utah - Current Requirements
So, who can qualify for a car title loan in Utah? To be eligible, you need a clear title to your vehicle and proof that the car is registered in your name. The title is collateral for the loan amount, which a lender 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 Utah. Some lenders may want to verify your employment information further and will ask for confirmation in the form of pay stubs or bank statements. In addition to full-time employment, you can also verify income with Social Security Statements, annuities, or any other documents showing evidence of sustained monthly income.
Other than your car's 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 vehicle at any licensed location in Utah.
How Much Money Can I Borrow With Vehicle Title Loans In Utah
Your loan amount is based on the vehicle's resale value and how much you can pay each month. Title loan amounts average $3,000 in Utah, but you should always try to limit the entire loan amount, even if a finance company wants to offer more! Some companies offer larger loans over $10,000, but these are more difficult to qualify for, and you'll need to pass a credit check and deal with a longer vehicle inspection. Only borrow what you need, as any excess amounts will come with high interest charges, making it harder to repay 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. At Highway Title Loans, we see customers with FICO scores under 600 get approved often and you should have no issues if you have common credit card defaults and chargeoffs. Instead of checking your credit history, a lender will want to see how much equity your car has. That means there's far less emphasis on your credit report!
Title loan companies in Salt Lake City and St George will only do a quick check of your credit, but they will still be weary of significant credit concerns. For instance, it's a red flag if you're involved in bankruptcy proceedings or have a title loan with another local lender. Having an existing title loan or active bankruptcy are a few reasons you may get rejected because of your credit history.
Apply With A Local Title Loan Company In Utah
Apply online with Highway Title Loans to get an instant lending decision from a company that's licensed to offer title loans in Utah. Or, consider title loans with a local company in Utah if you'd rather deal with a live person and take your time in making a decision. Larger companies have offices throughout the state, and most will do an in-person inspection of your car before approving your application. Many of these firms have retail offices 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!
Don't wait any longer! Call Highway Title Loans at 877-433-5454 or apply online to borrow $5,000 or more with just your car's equity and proof of income.