Do I Need A Bank Account To Get An Auto Title Loan?

Whether you’re just starting out or you have never had the need for a bank account, you can still run a budget without one. But if you ever get in a tight situation and need cash, getting a no bank account needed loan is a valid option to consider. We here at Texas Title and Payday Loan Services, Inc. can work with you to provide the extra cash you need, with only you needing to use your lien-free vehicle title as collateral.

Our online title loan options are simple and fast, and they’re available to a surprising number of Texas residents. Would-be customers sometimes assume they aren’t eligible for this kind of a loan without certain things like a bank statement or blank check from their own bank account. Let’s separate fact from fiction regarding this topic once and for all. Keep reading this article to find out if you can get a title loan without having a bank account.

Is A Bank Account Necessary To Get A Title Loan?

You need a checking account to do a lot of things like auto paying for bills, having your paychecks directly deposited, using a debit card, writing checks for donations and records keeping, transferring funds with certain mobile apps, or keeping your money safe so you don’t have to hide it somewhere else. Even getting a bank loan could be tough if you don’t have an open checking account in your name.

So, the question remains, is there such thing as a no bank account needed loan? The answer is yes! Through us at Texas Car Title and Payday Loan Services, Inc., you can get an online title loan without a bank account. When you apply, we will ask for certain documents, but a bank account isn’t included. Since this loan is secured already, there is no need for us to require you to have your own account in the bank.

Would I Ever Need A Checking Account For This Loan? 

The only reason a bank account would be necessary when applying for a title loan is to show us proof of your income. If you have another way of showing your income, then you won’t need to have a bank account. We’re happy to offer a no bank account needed loan to help you out when you need quick money. As long as you have your most recent pay stub to prove your income and your title to use as collateral, you should be fine. Therefore, not having a checking account is not a penalty.

What Will I Need?

So if you don’t need a bank account to get this kind of a loan, you must be wondering what exactly do you need. Just like any other loan, we here at Texas Car Title and Payday Loan Services, Inc. need certain required items to determine if you qualify for approval. The good thing is, as we’ve said from the beginning, this remains a no bank account needed loan. In fact, all you need to bring in are the following items:

• Identification – Any form of ID is acceptable as long as it is a government-issued photo ID. It isn’t limited to a driver’s license.
• Proof of income – You will have to present some type of proof that you receive regular income. This could be the most recent pay stub or paperwork that shows government benefits.
• Your vehicle – The vehicle’s condition helps us determine how much we can lend you. This is why we need to inspect your vehicle before we can determine if you qualify.
• The lien-free title to that vehicle – Your title acts as the collateral for this loan. This means it must be free of any outstanding liens and in your name.

How To Begin The Simple Process

We here at Texas Car Title and Payday Loan Services, Inc. make things easy by giving you an online application. Start by filling out the form on our website, and you’ll soon be connected with one of our loan representatives from the nearest store. During your phone call, we will go over the required items you need to bring in and schedule your vehicle inspection – which doesn’t have to be in one of our nearest stores!

Once we meet, we will inspect your vehicle and assess your title, ID, and your proof of income. If we determine that you do qualify for an online title loan, we will then go over the loan terms and help you finish the paperwork. This is also when you can ask any remaining questions you may still have. Once you are done signing the papers, you can get the money either later that same day or the very next bank business day.

There’s No Time Like The Present!

If you have ever been ineligible for a loan because you don’t have a bank account, it can be a tough situation. As long as you own your car, we here at Texas Title and Payday Loan Services, Inc. can ensure that you won’t find yourself in that situation again! We offer a no bank account needed loan to anyone who has a lien-free title in hand. If you need extra cash for an emergency expense, you can apply today by filling out the online application now!

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.