Are bills piling up? Are creditors calling? Don’t worry, you may have a great option to end all that stress if you’re just waiting for the next paycheck, a tax return or other payment to come in shortly. You can get a short-term loan by using your car title as collateral. It’s called an Auto Title Loan and they’re available online or locally.
To get a title loan, you will need to provide some or all of the following:
- You need a car with a clear title – meaning you owe no more money on it.
- You may need to have a landline phone – one that’s plugged into the wall.
- You may need to have lived at your residence for 1 year or more.
- You may need a lease or mortgage in your name.
- You have to be 21 year old.
- You need to have a job, making at least $1000 per month.
If you meet these requirements, then you should be able to get an Automobile Title Loan without a problem to take care of your short-term cash needs.
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