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

Whether you’re a student or young adult just starting out or you have never needed a personal bank account, you can still run a budget without one. But if you ever get in a tight situation and need money from a lender, getting a no bank account needed loan is a valid option. We here at Texas Title and Payday Loan Services, Inc. can help you get the extra cash you need, without bank account, as long as you have a lien-free vehicle title to use 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 loan without certain things like a bank statement or blank check from their 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 an auto title loan without 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 bills, having your paychecks directly deposited, using a debit card, writing checks for credit card payments, donations, and record keeping, transferring funds with certain mobile cash advance apps, or just keeping your money safe to avoid theft. Even getting a bank loan could be tough if you aren't a bank member with an open checking account in your name.

So, back to the question, is there such a thing as a no bank account needed quick cash 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, there is no need for us to require you to have an account with the bank.

Will I Ever Require A Checking Account For This Type Of Cash 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 a quick cash loan. As long as you have your most recent pay stub to prove your income and a lien-free title to use as collateral, you should be fine. Therefore, not having a checking account is not a problem.

What Will I Need For An Auto Title Loan Without A Bank Account?

So, if you can get an auto title loan without a bank account, you must be wondering what you need to qualify for Texas auto loans. 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. All you need to bring in to qualify for Texas auto loans are the following items:

• Identification – Any form of ID to prove your identity 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 financial 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 Title Loans Process Without A Bank Account

We here at Texas Car Title and Payday Loan Services, Inc. make it easy to inquire by providing you with an online option. Start by filling out the form on our site, 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. Pick a more convenient place, like your home or office and we will come to you!

Once we meet, we will inspect your vehicle and assess your title, ID, and your proof of income. If we determine that qualify for online title loans without a bank account, we will then review the loan terms and rates and help you finish the paperwork. This is also when you can ask the lender representative 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.

If you are concerned about your credit, don’t be, we welcome all types of credit to apply, which is why these loans are often referred to as car title loans for bad credit. That means you can still qualify for our loans whether you have a good credit or bad credit score.

There’s No Time Like The Present To Get A Title Loan In Texas!

If you have ever been deemed ineligible for a loan by other lenders because you don’t have a bank account, you don't have to worry about that with us! As long as you own your car and have a lien-free title, Texas Title and Payday Loan Services, Inc. can ensure that you won’t find yourself in that situation again! 

We offer a title loan in Texas with no bank account needed to anyone who has a lien-free title in hand. So, if you require extra money for an emergency expense, you can apply today by filling out the online form 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.