Is it Possible to Get a Title Loan if You’re Self-Employed?
Many people aspire to be self-employed. Few people have the opportunity to work on their own terms and set their own hours. However, some self-employed people don’t have the benefits and the security they would otherwise get at a regular, corporate job. That means they could face unexpected expenses that they might not be able to cover alone.
If you’re a self-employed person in a financial predicament, you may wonder if getting a title loan is possible. Thankfully, you can! You would only have to meet the title loan requirements to qualify for quick funding! It is possible for self-employed people to get a title loan.
Read below for more information, or talk to a title loan lender for details.
How Can Self-Employed People Get a Car Title Loan?
Whether you work for a company or are self-employed, you could qualify for an auto title loan if you have a vehicle title in your name and can pay off loans. If you’re worried about not having the proper form to prove your income as a self-employed person, don’t stress; you could simply use an alternative source of income to meet that requirement!
In addition to the qualifications mentioned above, you must possess a car with enough positive equity. That means if you’re hoping to get a significant loan amount, you must have a vehicle with plenty of value to warrant that total. Not only that, but you must also have the income to support that loan amount. If you don’t know your vehicle’s current equity, that’s fine; many first-time applicants don’t know it either. You could always find an online appraisal tool to help you find a rough estimate of your car’s equity amount! Once you determine your vehicle’s equity, you could see if you have enough value to justify a title loan.
Does a title loan sound right for you? Start the approval process today to determine if you’re eligible for title loans! You could earn cash as soon as the next business day if you qualify.
Do Self-Employed People Need Documents to Get an Auto Title Loan?
Aside from meeting the initial requirements for a car title loan, you would also need to send some documents to a title lender. That may sound stressful, but it may be easier than you think! You could simply look around your house, car, mailbox, or file cabinet for the necessary paperwork! You can submit the documents directly to your lender in person or online if your lender offers that service.
But what exactly do you need for this requirement? In addition to your car’s title and proof of income, you would also need to demonstrate a valid, government-issued ID card(driver’s license, passport, etc.), proof of residency, and some references. When it comes to proving your address, you could demonstrate different items like tax returns, credit card statements, or even a recent phone bill!
Depending on your title lender, you may also have to take pictures of your vehicle as an alternative to a regular car inspection. Once you have those photos ready, you could send them via email to your lender!
This step in the approval process can be easy to satisfy once you know what you need. Contact your title lender or provider if you have any questions.
Apply for a Title Loan in Your Area as a Self-Employed Person!
Now that you know the answer to “Can self-employed people get a title loan?” it’s time to apply for funding! While many title loan options are available, some may be more convenient than others. You can easily apply online or over the phone! While some individuals may opt to apply in person, others prefer the convenience of working with online lenders. Everyone has their own preferences, so it’s really up to you!
But it doesn’t matter who you decide to inquire about car title loans. You could earn money from any title lender or provider as long as you meet the proper criteria! Find a title loan lender that works for you, and begin the loan process in a flash!