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Get An Estimate For An Online Title Loan

Don’t sign up with the first title loan company you come across. Get an estimate for what you should expect with a title loan estimate. It makes sense that you’d first want to get an estimate for a car title loan before you sign off on a contract or even send in any documentation. Here at Hyperlend when can lay it out all and tell you exactly what to expect with a secured lending quote. The last thing you want to do is go in blind without knowing the details of your loan and we’ll be sure to get you an estimate before anything else.

How can I get a free title loan estimate with no obligation

We can get anyone a free estimate and quote for a title loan regardless of your income status or loan request.You can get a free quote for a secured vehicle collateral loan. The only factor that matters is what you state you live in. If you live in a state where online title loans are allowed it won’t be a problem to provide you with a same-day quote and estimate and we should be able to do that quickly. If you live in a state where title loans are banned or restricted it doesn’t make much sense to get you an estimate because you ultimately won’t be able to get approved for a loan. But that doesn’t mean we can help you. Here at Hyperlend, we focus on online car title loans, but we can still provide information and lending resources to help narrow down your decision. Perhaps you’re better suited for an installment loan or personal loan?

What do I need to provide you for a title loan estimate

To get an online title loan estimate you’ll need to tell us what type of loan amount and payoff term you’re looking for. Of course, it also depends on what state you live in. Some states have limits of a few thousand dollars for loan amounts while others have no restrictions. Beyond that, you’ll need to fill out a quick application so the underwriters know what they’re looking at. If you’re able to provide brief vehicle information and some other details like employment information we can get this done within an hour or two. A title loan estimate is not as detailed and lengthy as what’s required for a full online title loan application. In that case, you need to be fully underwritten and it can take some time to verify all the information.

What happens after I get an estimate for a car title loan

Once you have the estimated payoff amount along with loan terms and monthly payment information you’ll need to make an informed decision on whether to move forward or not. At this step, it’s wise to take your time and evaluate the different options. Is it wise to get a title loan at all or is it better to borrow money from a friend or turn to another loan option? Do you want to shop around using this loan estimate to see if there are better rates and terms available? Have you thought to ask the lender if they can offer you an auto title loan with no proof of income requirement? Or do you want to see if your lender can go lower than what they initially quoted you for the title loan estimate? You should keep all options on the table as your initial quote is a good stepping point and you likely have enough information to know if you should move forward with an online title loan.

sameday estimate for a title loan

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Title Loans With No Proof Of Income Or Employment

At Hyperlend, we’re proud to work with customers who may not meet the typical income requirements for a title loan.  This means that even if you don’t have constant income, you can still qualify for a title loan if your car is paid off, with no lien against your vehicle   Most car title loans are suited for people with poor or negative credit scores. Instead of looking at your payment history a lender mostly wants to make sure the car is worth money and owned outright. It’s important that you show some income as that means you can make future payments. But lenders understand that all situations are different, and you can still qualify for a title loan with uncommon income arrangements.

Title Loan Options Without Verified Proof of Income

Is it possible to get a car title loan with no proof of income? Yes, a lender still has the equity in your vehicle if you can’t make the monthly payments.A direct lender may not require you to have full time employment. One strategy lenders may utilize when lending to borrowers of this type of loan is to use the equity you have in your vehicle as collateral to secure the loan. Once the loan is approved and you have paid off your vehicle, the lender will own your vehicle because you are required to have the title to the vehicle. Since you have no other source of repayment most lenders who offer this kind of loan will require you to pay the full balance before the vehicle is returned to them. They get a lump sum payment from the loan and extended all the loan terms for you. You need some type of repayment vehicle, such as a car title loan to avoid this situation.

How To Qualify For A Title Loan With Other Sources of Income

Because the loan or title loan is secured by a vehicle the risk is lower there are lenders who are willing to loaning you the money. In the place of typical income from monthly employment or a full-time job, a title loan company can look at other options. Do you have money coming in from a government pension or even social security? How about a monthly annuity payout or legal settlement with future payouts? Just because you don’t have a 9-5 job doesn’t mean you can’t make your monthly payments. This is especially true now that we see more people working gig jobs that don’t show typical weekly or monthly payments. Assuming you can provide some type of evidence or proof that you have money coming in you should have no problem getting a title loan without proof of income.

Find a Lender Near Me That Offers Title Loans Without Proof Of Income.

Is it possible to get a car title loan online with no proof of income? Of course, it’s possible. As we explained above there are many companies ready to provide you quick cash for the equity in your vehicle even if you have different forms of income. But now how do you find a lender near you that provides these types of loans. The truth is that many of the larger nationwide companies are going to stick to corporate restrictions and have a hard requirement for proof of income. Some may say that have room to work with when underwriting your loan, but why waste time applying with multiple companies.  Instead, find a lender that’s near you who tells you up front exactly what’s required. This can be a company that provides online title loans only or a direct lender that has an office in your neighborhood. Some states have more flexibility and options when it comes to providing lending services. As an example, Texas and Florida have many title loan companies near you that offer loans with no proof of income. We can think of literally dozens that offer secured loans both online and in person.

Interest Rates And Fees To Expect For A Title Loan With No Proof Of Income

Just like as home mortgage loans have varying interest rates and policies borrower is willing to accept these loan terms for a car title loan. A clear title is a must for this type of loan. You must also remember to make extra payments if you can afford them. When it comes time to pay the loan off the excess fees you were charging along with the loan principal can inflate the loan balance significantly. In situations where you have a high interest rate you also run the risk of vehicle repossession if you can’t make the money payments. So you need to keep away from charging up your credit cards again and stay on track with your lender. Also, some online title loan companies may increase the rate significantly if you can’t show valid proof of income. By doing this they are mitigating the risk of offering a title loan without proof of income or a job and ultimately you will pay more in finance charges.
You don't always need to show proof of income to get an auto title loan.

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How To Get An Online Car Title Loan Without The Vehicle

 

Wondering how you can get a title loan without the car? Well, here’s all you need to know. A car title loan is a loan that offers you quick cash secured by a vehicle you own free and clear. Being so, you do need to own a vehicle and have the title. Further, the title typically can’t have any debt obligations or liens against it. However, there are some cases in which you don’t actually have to bring the vehicle into a location for an inspection. This can be helpful if you own a car but don’t have convenient access to it at the moment. Read on to learn more about how to get a title loan without the car.

Getting a title loan without the car

Getting a car title loan from Hyperlend without physically bringing the vehicle into a location for an inspection is becoming more and more common. As online title loans become more prevalent, companies are finding ways to work around the physical inspection requirement. But how do they verify the car instead?

Some companies will allow you to send in pictures and/or videos of your vehicle. They may request to see the vehicle from all angles, to view the interior, and to hear it running in a video. The process of taking pictures to show vehicle wear and damage is not uniform amongst the many different title loan companies. It’s actually a bit similar to what you see from an insurance company that accepts pictures for proof of damage. Documenting the car in this way can enable some lenders to adequately assess your vehicle’s value. As a result, they can grant you a loan even if you don’t physically have the car on a specific day and don’t bring it in.

Why do you need a title loan without the car?

An important note on this topic is why you need a title loan without the car.

In some cases, a 100% online auto title loan is just more convenient. You may not be near a physical branch of the lender that offers you the best deal, or you may just prefer not to leave your house and go to the store. Since the pandemic hit, the less you need to go into public the better.

Further, in some cases, you may want an online car title loan for a vehicle that you own but don’t have access to at the moment. For example, your vehicle may be in storage or someone else may be driving it. In this case, you can get the vehicle if you need it but it is a hassle. A lender that doesn’t require the in-person vehicle inspection can come in handy.

However, there are some cases when avoiding a vehicle inspection is not a great idea. If something is wrong with the car — like it has been in an accident or is no longer running — you may be tempted to go with an online loan that will enable you to hide these problems. This can lead to big problems. If for some reason you can’t meet the payment obligations of the loan and the company does come to take your vehicle, you may face a lawsuit if you misrepresented it during the application process.

Should I try to get a title loan without the car?

Getting a title loan without needing to bring the car in for an inspection can greatly enhance the car title loan experience. One big factor is that you can save yourself a trip and not find a title loan location near you. Not only is it more convenient but it can enable you to get the cash you need in a shorter amount of time. While it’s not recommended as a way to misrepresent your vehicle, it is a great option for those who just want a quick and easy borrowing experience.

 

Ready to get started on A title Loan? Apply with Hyperlend today!

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Tips To Stop A Repossession From A Car Title Loan

The best way to stop a car title loan repossession is to effectively communicate with your title loan lender. It’s the same strategy you would take if there was a situation where you fell behind on a mortgage or vehicle loan. Believe it or not, finance companies don’t want to deal with the hassle of taking your vehicle. The same is true when they need to foreclose on your house or take your car if you fall behind on the monthly car payments. If you fall behind on your car title loan payments it’s crucial to reach out to your customer service representative. That means you need to work with the lender on a daily basis and let them know you are doing all things possible to get back to current on the title loan payments.

What To Do If You Are At Risk of A Title Loan Repo

You should always make your car title loan payments directly with the lender instead of getting them automatically deducted every month by going online. If you do, you might get caught in another sharp loan scam that involves car title loan repossession laws. Online title loan lenders will never ask you to write checks unless they’ll get a signature and copy of the check. Talk with your online title loan provider to work out a payment planThey sure won’t ask for a fee or other information upfront. And it is almost unheard of for them to charge you for fees with car title loans online. You are the customer! You can choose to provide the lender with whatever information they need. If you ask for your money upfront, then they might take advantage of that. Tell them you will pay money fast to avoid late fees. You can always tell them you can finance a car payment for a while or that you want to pay it off fast in which case they might work with you. But, in the future, they can always work with you and figure out a payment program that works for you.

Our Tips to Prevent A Car Title Loan Repossession

When you borrow money from a title loan company, you can dramatically reduce the amount of paperwork you have to file. You can try and apply online, but if you’re extremely busy you’d have problems. I recommend that you make your application in the morning and send it to your lender the same day. Of course, you have to have a direct deposit checking account with the online title loan company or a check to them from your own checking account. It’s also important to know the current title loan state regulations before contacting an attorney.

How to Know Your Lender Is Going To Repossess Your Vehicle

The next tip is to order the loan title or pink slip for your car without having it shipped to you. Then, still on the internet (but not on the car!) hit the car lot where you buy your car. The indicator has to say that you ride on the lot until after the vehicle is underwritten and documented. You can also ask them to hold on to the car for you till they can cover the debt, but you won’t be able to sit in your car and pay them for 90+ days! Besides, you’ll have to take the vehicle to a safe and secure location and leave it for repossession. Needless to say, you need the money to get to work. You’ll lose your mind with the number of incredible fees they charge to do these things and the mistake (which is common) you can make by not reading the fine print they slip into the loan papers.

Don’t wait until you have no alternatives but to send them money because, in all probability, it will cost you more money and add a load of paperwork that you must fill out and sign. Check with your state repossession laws and find out what legal protections you have. In the long run, it will cost you more money, in time and trouble. Go get your money from the bank! But if you must, do it online and contact your lender to avoid a title loan repossession!

Vehicles ready to be sold in line with title loan reposession laws

 

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I’m Approved For A Car Title Loan – When Can I Get My Cash?

The entire process of applying for a car title loan can be completed in between 15 and 30 minutes. But it can take anywhere from a day to a week to actually get your money when you put a vehicle up as collateral. It often depends on how fast you can do your part and the underwriting of the company you’re working with. Some companies will need extra information from your employer or recent vehicle history. Most lenders that provide instant car title loans will still need to do a vehicle inspection. This is even more difficult to do now with the current Covid lockdown and stay-at-home orders. It’s hard to get a consensus from title loan companies across the country. But we hear that most are still doing a full vehicle inspection. In states that don’t have travel or business restrictions, these inspections are still done in person. In other states like California and Illinois, the inspection is done over live video and you may need to show a full video view of your car.

How Long To Get Cash From A Title Loan

As long as you own a car outright, your auto title loan is already halfway done. The moment you present your vehicle to the lender either in person or through a photograph, they will assess it to estimate its worth. If you go to a title loan lender near you, they will compare your car’s value to other local comps. Some online services will still check for comps for similar vehicles.Don't wait to pick up your money when you apply for an online car title loan. Others will get the value from a vehicle value guide or any type of valuation provider. The financial worth of your car will directly determine how much money you can qualify for the loan. The rest of the process is often easy in most times when we’re not dealing with an active pandemic. As things stand now you can expect a longer wait time to get cash. But if you’re patient you can still pawn a vehicle and hope to get your funds within one or two business days. That short amount of time looks good on paper and it’s of course quick when you compare to a personal loan that can take days and weeks. Or consider a mortgage refinance or cash out which is measured in weeks or months to get available cash. A few days to complete a title loan from start to finish is still good when you factor in a national emergency and current state of affairs with the Coronavirus.

Can I Get Same Day Cash With A Title Loan

In most cases, title loan companies are popular for their same-day approval services. Which means you can get your money in as little as a single business day. It all comes down to how fast you are able to contact the lender and get the process started. These are emergency loans, and it does not make sense to keep borrowers waiting for their money longer than necessary. Emergency means right this instant, not tomorrow. Borrowers often ask us, how do I physically collect my money after using a pink slip as collateral? That’s one thing people don’t think about until they get to the end of the process when applying for a title loan online. Most car title loan lenders have different options available for those who are stuck at home or have limited banking options. After you have handed over your car title and the loan is approved, your online lender will hand over the money either in cash or wire it to your bank. You can also request it to be sent as a wire transfer through Western Union or Moneygram. Another option is to have it sent straight to your bank account through ACH. Some people will ask for a bank wire, but that can take days and you will often see a service fee.

The process to apply for an online title loan is short and simple. All you have to do is visit a store of your choice in your local area or get in touch with an online lender. As mentioned above, it’s not as easy as it used to be to apply for instant title loans. We can’t stress that enough. With Covid19, you are likely not going to walk into a store or meet with someone in person. It’s now more difficult to show all the documents listed above to your lender and qualify for a title loan with no proof of income. Most companies, either online or offline, offer assistance to guide you through every step of the way.

The first step to getting cash when using your pink slip as collateral for a loan is to apply and get a vehicle appraisal. A quick truck or car appraisal will be conducted in order to determine the amount of loan you can qualify for.Borrowers may need to wait to get their loan proceeds in certain situations. Some lenders may even ask borrowers to buy a roadside service plan or give them an extra set of keys as security in the case of a default. If the application is accepted and approved, borrowers will have to surrender the title of the vehicle as collateral. Some people will have a problem with that as it means the lender can repossess the car if the title loan falls into default status. Once the borrower signs and agrees to the company’s agreement, they are now bound to repay the loan. All that is true and it’s important to make monthly loan payments on time. But consider that a few years ago most online title loan companies would often ask for the pink slip and car itself as collateral for the loan! That means you were actually pawning the car itself for cash. You would have no way to get to work or get around in your day-to-day life and that’s why this type of funding didn’t last very long!

How To Speed Up The Process Of Getting Cash From A Title Loan

As of 2021, most reputable lenders will be fine with using the pink slip as collateral. Through this appraisal value, borrowers can obtain the loan they need while also drive their car as before. The lien on the vehicle will be released once the entire loan has been repaid. One thing to note, be sure to speak with your lender about their current coronavirus protocol and lending terms before wasting time applying for an online title loan. Many of the companies listed in our directory of lenders that offer title loans have clearly spelled out the protocol on how to handle applications and underwriting in the current environment. Ask them what to expect during the process and if anything has changed on their end when you factor in the current state restrictions. Also, see if there are any delays that could affect the amount of time it takes to get your cash!

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Is It Always Safe To Apply For A Title Loan Online

Many consumers have concerns about doing any type of financial transaction online. They’ve heard story after story of someone losing their identity or getting money taken from their account. But, do you know that many borrowers turn to online services when they’re looking for a title loan? You’re in need of and you know you’ve got equity in several of your assets, including your car. You’ve heard of car title loans, and that they can often be accomplished in a few business days (or even a single day).

Go online and you’ll see that there is a lack of companies that offer car title loans online. There are instant-apply options that guarantee money in minutes or hours. You will also see the more traditional lenders with a safe and easy application process where you can even apply for a title loan that doesn’t require monthly income. Which should you use?
find a legitimate title loan company online
Before you even begin to narrow down the options, you may already be wondering if it is even a wise idea to seek out a car title loan online. There are endless news stories that discuss this breach of security at many lending services and retail companies. It can start to make it seem foolhardy to apply for anything online, let alone to work with a company that offers car title loans.

The long and short of it is this is simple. As you would apply for any variety of financial services online (a credit card, personal loan, and even a mortgage), it is entirely safe if you work with a legitimate lender.

Finding a Legitimate Car Title Loan Online

That takes us to the next step in answering the question posed in the title above. Whether it is safe to apply for a car title loan online. That step is to determine what it means to describe a car title lender as legitimate.

There are few ways you can protect yourself and avoid getting “ripped off”. Here are some tips on what to avoid so you can get on the right financial path:

  • They ask for a payment in advance of granting the loan. This is a big red flag and a clear indicator that you’ll want to work with a different lender.
  • They do not appear anywhere in your state’s required agencies. Contact your state’s attorney general or a financial registration agency (sometimes called a banking oversight agency). If that lender is not registered with ANY state agencies, they are not legitimate and working, technically, outside the law.
  • They don’t provide a loan contract for your review. If the lender is of the “sign it now,” variety and does not allow you any time to review a loan contract (or take it for review by a lawyer), it is best to steer away from them. They may be legit, but the use of high-pressure methods that force you into signing immediately are often signs of trouble.
  • Be aware of copycats and fly-by-night companies. Does a lender’s website share a distinct resemblance to that of a familiar financial entity? It is not unusual for scammers to take names and build websites that seem legitimate. Customers can associate them with the lender whose branding and language they’ve copied.
  • Be aware of the “overly slick” sites and sales pitches. A very professional website full of informational articles, blogs, and other features can make even the most dubious lender look good. Don’t judge a book from its cover. Take the time to perform a bit of due diligence before you apply for a car title loan online.
  • They use a PO Box. This, initially, seems irrelevant and may not be a huge deal. But if there is no street address listed for a lending company, it has to be seen as a warning sign of larger potential problems.
  • The BBB has bad things or nothing to say. The Better Business Bureau is a free and easy resource in your quest to find a reliable company with which to apply for a car title loan online. If the company has negative issues assigned to it, or there is no information, avoid the lender.

Besides these issues, it is a good idea to call any phone numbers provided to test out their customer service and the legitimacy of the company. Look for an email address with a corporate connection. For example, if the email address is not a traditional service, think Hotmail or Gmail, it is one to avoid. You can also go to consumer affairs sites like RipOffReport and ConsumerAffairs to see what they have to say about the different auto title loan companies.

How To Choose A Title Loan Loan Provider Online

You can apply for online title loans as long as you know the company is legitimate. Trust your instincts, but also use the different tactics above. That old adage still applies – if it looks too good to be true, it most likely is. It can be easy to fall for a slick website and well-written sales pitch. Ignore the gloss and do the investigating. You never want a scammer to obtain information like a social security number, VIN, and financial information.

Once you find a reputable company like HyperLend Title Loans, see who makes the best offers (rates, turnaround times, and so on). That way you can take advantage of one of the easiest approaches to obtaining financing – a car title loan you applied for online.