What Is The Max Title Cash I Can Get?
November 22, 2021 | Louis Tully
Getting title cash may be something worth looking into if you have some emergency expenses you need to cover. But first, you need to make sure it will provide enough funds to settle your emergency. Otherwise, it would just waste precious time.
All You Should Know About Getting Max Title Cash
How Much Title Cash Can I Get In Alabama?
Alabama is one of the few states that has no cap on the maximum amount a prospective customer can borrow. Each title cash lender individually determines both the minimum and maximum loan amount they’re willing to lend. Most of them tend to stick to the amount between a few hundred and a few thousand dollars. At Alabama Title Loans, Inc. you can borrow a minimum of $300 and a maximum of $15,000 with a title cash loan.
How Is The Max Title Cash Amount Determined?
The maximum loan amount you qualify for is largely determined by the value of your vehicle. During the application process, you’ll need to bring your car (along with other qualifying items) to the nearest storefront where a loan representative will perform a short inspection.
The inspection will help the representative assess the condition of your car and how it influences the car’s general market price (as determined by one of the nationally recognized pricing guides). The maximum loan amount will be based on the results of this inspection.
Does My Income Influence The Title Cash Amount?
Generally, you aren’t likely to be asked about your income. The price of your vehicle determines the maximum loan amount you qualify for, not your income. You may be eligible for our title cash loan even if you’re currently unemployed or your employment situation is a non-standard one. We accommodate all types of income. Whichever means the customer finds comfortable to use for loan repayment, usually works for us.
Does My Credit Score Influence The Title Cash Amount?
Alabama Title Loans, Inc. welcomes clients of all credit types – good or bad.
While this doesn’t mean that there will be no credit check at all (a representative may need to run one if you’re applying for a larger loan amount), it doesn't mean the result will outright disqualify you. You can be eligible for the loan regardless of your credit situation if the qualifying items manage to satisfy our standards.
What Do I Need To Qualify For The Title Loan Then?
At Alabama Title Loans, Inc. you’ll only need 3 items to prove your eligibility for the title cash loan:
- A valid state-issued identifying document – either a photo ID or driver’s license– to verify your identity and prove you’re over 18 years of age;
- Your car for inspection;
- The car’s lien-free title in your name to prove car ownership. The title will need to act as collateral for the loan during the repayment period so it cannot be burdened with any outstanding financial liens or be in another person’s name. Make sure the title is clean and have it transferred to your name at the DMV before getting started.
How To Get A Title Cash Loan
Before starting the application process, you need to make sure you’ve got all the qualifying items. If the items are in order, all it takes to get started is submitting a filled-out form on our website. The form will send the information to the store location you choose, and soon enough a loan representative from that location will give you a call with further instructions.
After ensuring you’ve got all the necessary information, the representative will arrange a meeting with you at a convenient location. It doesn’t necessarily have to take place at our store but do clarify with the representative that you don’t wish to come into the store during the phone call.
Either way, you’ll have to drive your car and documents to the meeting. The loan representative will assess everything to determine 1) if you qualify for the title loan; 2) the maximum amount of title cash you qualify for; 3) the terms of your loan repayment. If they decide you qualify and approve you, you’ll finish the final paperwork with their help then and there – and get your title cash not long after.
Get Your Title Cash Today!
With our simple streamlined procedure, you can be done with the application process in less than an hour. We’ve made sure to keep the waiting time to the absolute possible minimum, so the latest you’ll get the cash will be on the next bank business day. Start your online title pawn process early in the day, and the cash could be yours within a couple of hours including the commute.