Car title loans are simply a way to borrow the equity in your car. They are similar to a home equity loan. If you have equity in your car and your income qualifies, you can probably pull money out of your car quickly.

You only need to follow a few easy steps to qualify for a loan. You must have the title to your car, and the title should be in your name. The title should be clear of any loans on the car. Some lenders will still loan you money even if you still have an outstanding loan on your car. Check with the lender first.

Next your car needs to be registered in the state where you plan to obtain the loan. Pretty simple, right. Most car title loan lender will only loan money in the state where the car is registered. So if you live in California, stick to California lenders.

You must provide proof of a valid and up to date drivers license. Once again very easy. The lender just wants to make sure you are who you say you are and that you are a legal driver.

You must show a valid automobile insurance policy. Make sure your policy is up to date and paid for. The ender wants to make sure that the car has insurance on it. Remember, they are loaning the money on your car and need to be protect their interest in the car in case of an accident. As long as you have the state minimum insured on the car, you should be fine.

Proof of income. Showing the lender your last pay stub can do this. Most lenders will need to see 1 or 2 pay stubs to determine your income and to see how much you can qualify for. Even if you don’t have a job and receive payment from social security or receive an insurance pay out, you may still qualify.

The presentation of your car. The lender bases the amount they will lend on your income and value of the car (or motorcycle or SUV). Your car should be in good running condition. The value will be determined by the model, year options and mileage on the car. It is recommended that you have the car looking nice when going to the lender. Remember, the better it looks to the lender, the more money you may be able to get out of it.

There you have the basics of how to get car title loans and what you will need to qualify for one. Now go get that money you want.

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