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Can I get a title loan with no car title?

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Learn about your options if your title isn’t clear or it’s missing.

Title loans are a quick way to cash in on the value of your car if you need money fast and more than a payday or installment loan can offer. These loans use your car’s title as collateral so you generally need one to qualify — and it often can’t be used as collateral for another loan. But you do have some options if you don’t have a clear title on hand.

Finova Financial Auto Equity Loans

Finova Financial Auto Equity Loans

Short-term loans secured by your car title. Repayments accepted through MoneyGram if you don't have a bank account.

  • Loan amounts: $750 to $5,000
  • More time to repay
  • Multiple payment options
  • Requirements: Must live in AZ, CA, FL, NM, SC, TN or OR. Must own your car outright.

    Can I get a title loan if I don’t have a car title?

    No, you can’t get a title loan if you don’t have a car title. Without using your car’s title as collateral, you’d have an unsecured installment loan instead and likely would only qualify for a smaller loan. Lenders typically ask you to bring in a copy of your title when you apply.

    However, it’s possible to get a loan backed by your car if you’re already using your title as collateral or you simply can’t find it.

    How to get a car title loan without a clear title

    You generally can’t get a title loan unless you have a clear title — meaning it isn’t being used for collateral for another loan. However, you might be able to get an auto equity loan.

    Like home equity loans, auto equity loans allow you to borrow against the value you currently own in your car. Say you’ve only paid off 70% of your loan and want to use it as collateral. An auto equity loan allows you to borrow against that 70% that you own.

    While there’s a difference between auto equity and auto title loans, don’t count out auto title lenders right away. Some lenders use the terms interchangeably.

    How auto equity loans work

    How to get a title for a car with no title

    When you don’t have your title or title information, you need to get a duplicate copy from your local DMV. How this works depends on your state. In some states like New York, you can fill out an online form and have it mailed within two or three business days. In others like California and Texas, you might need to download and mail in a form to the DMV or apply in person.

    Typically, you need to include the following when you apply:

    • Your application. If you’re applying by mail, you’ll need to include a completed and signed application. Some states might require you to have your form notarized.
    • Proof of identity. Any government-issued ID like a driver’s license or passport is acceptable.
    • A title replacement fee. Some states might require you to pay by money order while others might accept a personal or cashier’s check.

    Other requirements for title loans

    In addition to having a car title, you typically need to meet the following requirements to get a title loan:

    • Be the age of majority. In most states, you must be at least 18 years old to get a title loan. In Alabama and Nebraska, the age of majority is 19, and in Mississippi it’s 21.
    • Have proof of income. Most title lenders ask to see recent pay stubs, bank statements or receipts of pensions, benefits or other types of income you receive. You don’t necessarily need to be employed.
    • Have a valid government-issued ID. Lenders typically ask to see your driver’s license, passport or other government-issued photo identification.
    • Have proof of residence. Some ask to see a copy of your lease, a recent utility bill or mortgage agreement to verify your current address.

    No title? Consider these alternatives instead

    If you don’t have a car title, there are other ways to get cash fast when you don’t have the best credit:

    • Payday loans. When you only need a couple hundred dollars, a payday loan can be just as fast — and nearly as expensive — as a title loan. You typically don’t need good credit for a payday loan.
    • Installment loans. Need a few thousand dollars? A short-term installment loan can be nearly as fast and give you more forgiving monthly repayments. You also don’t need good credit — though these loans are also costly.
    • Payday alternative loans. If you aren’t in a rush, you might want to see if your local federal credit union offers payday alternative loans (PALS). These loans are open to all credit types with APRs capped at 28% — title loans can easily top 300% APR — though you’ll have to become a credit union member to qualify.
    • Local resources. Anyone that frequently needs a little extra help might want to check out local government programs that can help you with expenses like food or childcare.

    Ultimately, having your title will make it easier to get financing on your car. After you make your last car payment, you should receive the title in the mail. If you’ve lost your title document or want other information on the DMV’s procedures, read our guide on how car titles work.

    Compare more short-term loan options

    Rates last updated January 24th, 2019
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Term of Loan Turnaround Time Max. Loan Amount
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    1 business day
    Varies by state
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    4–30 months, varies by state
    1–2 days
    $2,600
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    9 to 36 months
    1 business day
    $5,000
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    90 days to 72 months
    As early as 1 business day
    $10,000
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    Varies
    1 business day
    $15,000
    ACE Cash Express Short-term Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Generally receive the money the next business day
    Varies by state
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
    7–30 days
    generally receive the money the next business day
    $250

    Compare up to 4 providers

    Bottom line

    You need your car’s title to get a title loan. But it’s still possible to use that title as collateral even if it’s currently being used as collateral for another loan or you’ve lost it. You can still get an auto equity loan or send in for a new copy from your local DMV.

    Check out our guide to title loans to learn more about how this type of short-term financing works.

    Frequently asked questions

    Image source: shutterstock

    Anna Serio

    Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

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