It’s possible to get approved for a car title loan without income verification—but read the fine print and make sure you can pay the loan amount back before you sign on the dotted line.

If you’re dealing with a financial emergency and are unemployed or have bad credit, an auto title loan allows you to surrender your vehicle’s title as collateral for a loan without income verification.
You’ll need a way to prove that you can make payments on the loan, like having your boss write a letter that you’re paid in cash, showing proof of social security payments, or showing a copy of your credit report.
Car title loans are sometimes the only loans available to people who can’t pass a credit check—but beware of predatory title loan lenders and high interest rates.

What is a car title loan?

Car title loans allow those in need of emergency funding to use their car as collateral by temporarily giving up the title.

The good:

Unlike traditional loans from a financial institution, quick loans like cash advances and car title loans don’t require you to have a really

good credit score

You’re likely to receive the funds faster than with a standard bank loan—sometimes on the same business day

The bad:

If you are unable to pay back the loan, the car being used as collateral can be seized by the lender

Since title loan lenders often charge high interest rates to borrowers with poor credit, the payments can sometimes be steep—making them difficult to pay back if you’re already in a tight financial situation

Big picture: If you use your car as a daily method of transportation, losing it could cause a lot of complications to your lifestyle—and

getting a repossessed car back

can be tricky.

How to get a car title loan without income verification

Qualified borrowers must have a car title in their name and proof that they can make monthly payments on the loan.

As long as you have some kind of income coming in, you will be considered for a car title loan. All you have to do is show the lender an alternative income source as part of the title loan application process.

Need to know: A lender may want to cross-reference your reported sources of income with your bank statements to confirm you receive this money regularly.

Proof of income isn’t always a job

There are lots of ways to make income besides earning a paycheck. These include:

Social security benefits

Annuity

Inheritance

Trust fund

Settlement

Severance pay

Worker’s compensation benefit

If you can demonstrate that you receive one of these forms of income, you should be able to get a vehicle title loan. Get your boss to write you a letter confirming that you’re paid in cash, or provide bank account statements and other documents demonstrating your financial situation.

Other ways to demonstrate financial reliability

If your credit history is good, give the lender a copy of your credit report

Provide personal or professional character references

Submit confirmation of consistent rent, personal loan, and/or utility payments to show that you take paying bills seriously

Requirements for loan approval without verifying income

If you’re applying for a title loan with no proof of income, you’ll need to meet a few basic eligibility requirements as part of the approval process:

You must be the owner of your vehicle and at least 18 years old.

There can be no liens on the vehicle when applying for the loan.

You can apply for a car title loan in person or online with the following materials:

Car title in your name

Driver’s license or other government-issued photo ID

Proof of residence

Phone number

Your car

Important note: To protect themselves financially, title loan companies typically charge high interest rates and steep fees. Be sure to read the loan disclosures and repayment terms carefully before agreeing to any short-term loan.

The lender will usually request an online vehicle inspection

For an online title loan, you will be asked to complete an online vehicle inspection Typically, you’ll submit photos and/or video of your vehicle as part of the online application.

The amount of money you can borrow will depend on the value of your vehicle. Your car’s value is determined by:

Make

Model

Year

Mileage

Condition

Factory upgrades (think heated seats, navigation system, backup camera)

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FAQs

How can I get a title loan with no proof of income?

Provide the lender with verification of how you get money. If you are not earning a paycheck, you will need to show that you have an alternative source of income—like a letter from your boss stating that you get paid in cash or documentation of social security payments received.

Are cash advances and title loans the same thing?

Not exactly—with a cash advance or payday loan, you give the lender a personal check for the amount of the loan plus any fees and interest. They’ll then cash the check when the payment is due, or you can pay with cash or debit/credit card and they’ll give you the check back.

Title loans are typically installment loans, meaning you make weekly or monthly payments.

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