How To Increase Your Chances Of Approval For Online Title Loans

We here at Texas Title and Payday Loan Services, Inc. can provide fast financial help when you need it the most with an online title loan. However, as helpful as this loan is, approval is never guaranteed. That being said, you may be wondering about your approval chance of getting an online title loan and if there is some way to increase it. And you’ll be glad to know where are certain things you can do to make sure you stand a good chance of getting approval! Keep reading to learn more about what you can do.

How To Increase Your Approval Chance

As we said, online title loan approvals are not guaranteed. However, it's important that you also understand there are ways to increase your chances of approval. Doing these things will put you in a much better position of getting the approval you are looking for. And these things are not difficult or time consuming for you to get through! Here is what you can do to increase your approval chance of getting an online title loan.

Prepare Your Items For The Meeting

Though you don't need a lot of required items to apply for an online title loan, you should have what you do need ready as soon as you start the process. It ensures nothing gets left out that's required when you meet us in person. The good thing is, as we said, we don’t require you to bring in too many items. In fact, you only need four items to find out if you qualify for approval. Here's what you'll need:

• Lien-free title to your vehicle
• Driver's license or state-issued ID
• Proof of income
• Vehicle for inspection

Make Sure Your Title And Vehicle Are Ready

Much like you should gather the required items, you also have to make sure your title meets the requirements. What do we mean? Well, in order to use your title as collateral, your name needs to appear on the title and the title has to be lien-free. This means if you are still paying off a car loan, you cannot qualify for this loan. Likewise, if your name isn’t on the title, you can’t use it as collateral. You will have to go to the DMV to have it transferred to you.

When it comes to your vehicle, we use it to determine how much money you can get if you qualify. This means we are looking at your vehicle’s condition. So, make sure your vehicle is in good shape before we meet with you in person. You should take care of any major damage like dents, scratches, or issues with the motor or engine. You can also make sure the tires are in good condition as well. Whatever you can do to improve your car’s condition will only benefit you.

Be Open And Honest

You must be honest about the information you enter into your application. Don't make any information up and make sure your contact information is accurate. If you provide information that isn’t accurate, or if we can’t reach you right away, this can make getting through the process difficult. If you are able to be honest about your personal information and your vehicle information, we are able to make sure the steps of the process are easy!

Borrow Only When You Really Need The Loan

Title loans should not be used to fund frivolous purchases or vacations. These loans are meant as options to secure funds when financial emergencies arise. This means you need to really evaluate your needs and make sure they are true emergencies. Just like with any loan, you are responsible to repay on time. If you know you can’t handle to repay a loan, that is a big indication that you shouldn’t get a loan because you’ll only make things worse for yourself.

Likewise, if you see that your expense isn’t an emergency – meaning it doesn’t need your immediate attention and won’t get worse as time goes on – that is another indication you don’t need this loan. In fact, you should only get this loan if you have things like medical bills, an emergency home repair, late utility bills, and so on. These are emergencies that can impact your financial situation and get worse as time goes on.

Understand The Process

Before you get started, educate yourself on the online title loan process. When you know what to expect, you'll have all your ducks in a row and that increases your approval chance. It also allows the process to run smoothly. The good thing is, when you come see us at Texas Car Title and Payday Loan Services, Inc., you’ll see that our process is simple. All you have to do is go to our website and fill in the application. From there, we will give you a call and set up a meeting for you.

This meeting can happen either at one of our Texas store locations or at another location you choose. This means you do not have to come into one of our stores to find out if you qualify. We will meet with you, inspect your vehicle, and assess your title and ID. We will then determine how much you can get and if you qualify. If you do, you can finish filling out the paperwork and you can get the money later that day or the next bank business day.

You Can Get Started Right Now

Now that you know how to increase your approval chance for an online title loan with us, why not get started? Our title loan was designed to make sure you don’t have to go through emergency expenses alone. So don’t hesitate any longer and come see us at Texas Car Title and Payday Loan Services, Inc. to get the help you need right away. We will be glad to lend you a hand and help you find out if you qualify. So, fill out the online application right now to begin.

 

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