man wondering about title loan without a job

Can I Get A Title Loan Without A Job If I Have Alternate Income?

Being in between jobs can tax your emotional health, especially when bills or sudden expenses pile on top. That’s where getting a title loan without a job might be a resource to consider if a rare one. Here’s what we offer at Carolina Title Loans, Inc.

You can get a title loan without a job as long as you have an alternative source of income that allows you to repay the loan feasibly. By and large, the security in the loan comes from your lien-free car title, so lenders usually don’t take issue with clients who don’t have a job.

If you’re confident you can repay the loan according to the terms provided, you can likely obtain a title loan without a job. We’ll explain our requirements and how you can start with us today.

How Can I Get A Title Loan If I Don’t Have A Job?

Getting Loans Without A Job

Generally, getting a loan without a job is challenging since most loans require proof of income via your most recent pay stub to demonstrate a) that you’re employed and b) that you’re earning enough to repay the loan.

Because there’s no security at stake in installment loans or similar types of loans, lenders try to protect their interest by ensuring that the borrower has a stable job and can handle loan payments.

Title loans are more forgiving because they come with security: your car’s title and the legal proof of vehicle ownership. When you take out a title loan with us, we place a lien against it, just like the dealership or bank does when you finance a new car. A lien is a legal claim against an asset, deferring it to the lienholder until all payments have been made.

The underlying principle is simple: if you’re willing to put up your car for a loan, you must be serious about paying it back. On a more personal note, it indicates that you can repay the loan by other means if you don’t have income.

woman questioning where to get title loan

While it’s impossible to make promises (since every client situation is different), the bottom line is that you stand a much better chance of getting a title loan without a job than any other type because your paid-off car title serves as collateral for the loan. Please be transparent with your income situation; we can let you know whether we can work with your situation.

The Shortlist For Approval

To better your chances of getting approved, here’s a quick list of our loan requirements—what we’ll need from you to facilitate the loan process and check all of the essential boxes:

  • Your driver’s license or state-issued ID – We must verify your ID before issuing a loan.
  • Your lien-free vehicle title – Your car must be lien-free to take out a loan.
  • Your car itself for inspection – Your car plays the primary role in securing the loan, giving you the best value on your loan.

We keep our title loan requirements simple, so you never have to worry about convoluted or messy paperwork. Just make sure you’ve got proof of your ID, your lien-free title, and your car itself so that we can verify what we need for approval.

The Simple Application Process

Now that we’ve gone over our simple requirements let’s review what you need to do to apply. Our process is quick and can take as little as 30 minutes. Here’s how our easy process works:

  1. You’ll want to start by submitting the inquiry form we provide on our website; this gives us an overview of your basic information and what we can offer you.
  2. Next, one of our associates will call you to review your information. You might want to note that you’re seeking a title loan without a job but have an alternative income.
  3. They’ll schedule a time and place to meet with you (we’ll come to you if you don’t want to go to the store).
  4. Go to the meeting with your required items, and one of our associates will review them.
  5. If everything checks out, they’ll look at the condition of your car and run the VIN.

Should you be approved for a Carolina title loan, our trusted representative will hand you the loan packet, and, following some brief paperwork, you’ll get your money that day or the following business day.

woman with title loan cash

Inquire Online Today!

A title loan without a job might still be available through Carolina Title Loans, Inc. We make our application process straightforward, so you never miss a beat when an emergency strikes. Just be cautious when taking out a loan to ensure your alternate income is enough to handle the loan payments. If one of our loans sounds like the right short-term resource for you, complete our online form today to get started!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.