Title Loans in Norman, OK
to economic conditions over the past several years, many banks and other financial institutions have tightened their lending regulations. As a result, it has become much more difficult to be approved for a loan. This is particularly true for consumers with credit problems, including those who have a foreclosure or who have filed for bankruptcy. The good news is that you can still be approved for a fast loan even if you have credit issues without worrying about a credit check.
Our title loans in Norman make it possible for you to borrow money by simply using your vehicle title as security for your loan. Even if you have been rejected for a loan in the recent past, there’s still a good chance that you could be approved for a title loan. You should be aware that just because you are using your vehicle title as collateral for the loan, there is no need to give up driving your vehicle. Repossession may be possible if you do not repay your loan, but if you are making payments on time, this is not an issue.
What to Know When Applying for Norman Title Loans
It’s only natural to feel somewhat stressed when you are facing a difficult financial situation. You may be pressed for time and do not have days or longer to wait to hear back from a loan application. In fact, you might not even have time to take off from work to apply for a loan. We strive to make it easy. With our online application, you can apply online for title loans in Norman without taking time out of your busy schedule. We only need some basic information to get your application started.
Along with your name and contact information, we will also require some information about your vehicle so that we can provide you with a loan estimate. We can then arrange for you to speak to one of our loan representatives. If you are looking for title loans without proof of income, you should be aware that we do not require applicants to verify employment to be approved for a loan. In fact, you do not need to be employed at all to receive a title loan. You will; however, need to show that you have some form of income that you receive regularly.
Legal Regulations for Title Loans in Oklahoma
You should also be aware of the legal regulations that must be met when applying for title loans in Oklahoma. If you plan to apply for Oklahoma City title loans or another city in Oklahoma, you must be at least 18 years of age to be approved. The title to the vehicle must be in your name. We cannot issue a title loan to you if you do not own the vehicle. You will also need to have a clear title to the vehicle.
What Is a Clear Title?
A clear title means there are no liens on the title. This indicates that no one else, such as a lender, has any ownership in the vehicle. If you are not sure whether there are any liens on the vehicle, you can check the title itself to see if any liens are listed or you can check with the Department of Motor Vehicles. In situations in which you do not have the physical title to the vehicle, you will need to obtain a duplicate title in order to obtain a title loan. Applications for a duplicate title can be made through the Department of Motor Vehicles. A fee may be charged to obtain a duplicate title.
