Introduction to Title Loans in Woodbridge
When you find you are running short of cash between paydays, you need to know what your options are for obtaining the cash you need. In an emergency situation, you likely do not have the time it takes to wait for a bank loan. A bank loan could be even less of an option if you have bad credit or you are not currently employed.
In such situations, an auto title loan can provide the convenient funding you need to handle your finances without any hassles or worries. By applying for title loans in Woodbridge, you can receive a lending decision almost instantaneously and even have your cash within about one day, if you are approved for a loan.
All that is required to be approved for an auto equity loan is a clear title to your vehicle and proof of a steady source of income. There are no credit checks required to be approved for a title loan.
How to Apply for Woodbridge Title Loans
The first step is to apply for a loan, which you can do on our website. We work to make the process of applying for title loans in Woodbridge as convenient as possible. To find out whether you qualify for a title loan, simply enter your name and some information about your vehicle.
Once you have supplied the make, model, and number of miles on your vehicle, we will provide you with a loan estimate and arrange for you to talk to one of our loan specialists.
Legal Regulations about How Auto Title Loans Work in New Jersey
NJ title loans do have some regulations you should be aware of before you proceed with your application. By law, we cannot issue a title loan on your vehicle if there is already a lien against the vehicle. Additionally, we cannot approve loans for anyone who is not at least 18 years of age.
Advantages of Auto Title Loans
If you are wondering how to get a title loan without a job, there are no worries. We do not require you to be currently employed to approve you for a title loan. Many people choose to apply for a title loan because they are unemployed and need some financial assistance to help pay the bills until they find another job.
We do require you to show proof of a regular source of income, but that income could come from a variety of sources. Car title loans offer many other benefits, as well, including the fact that you can receive your funds in about 24 hours for an approved loan.
How Car Title Loans Are Different from Other Fast Loans
When you need cash quickly, it’s important to explore all of your options. Other options for fast loans include payday loans. There is a difference between payday loans and title loans.
While both types of loans allow you to borrow money quickly and are not dependent on your credit score for approval, payday loans usually need to be paid back much faster than do title loans.
What Is a Clear Title?
A clear title means that you own the vehicle outright and no one else has a claim to it. You cannot have the vehicle currently financed and you cannot have any current loans, including title loans, out against the vehicle.
If you do not have a physical copy of your vehicle title, you will need to obtain one from the Department of Motor Vehicle. You can do this by filing an application for a duplicate title.