Can I Get Another Title Loan If I’m Unemployed?

May 6, 2020 | Emma Frost

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Can you get a title loan if you are unemployed? The short answer, of course! Title loans near me are designed for situations just like these when you need help financially. Things happen unexpectedly all the time. We get laid off or we lose our jobs. When those things happen, money can start to get tight and our budget spread really thin. And it’s not like we can stop spending our money on things like our rent, mortgage, food, and bills. You shouldn’t have to worry about being able to make your necessary payments. This is precisely where title loans from Virginia comes in. While there are dozens of ways to budget your money, title loans can be a big help and, like I said, you don’t need to be employed to qualify for a vehicle title loan!

What Is A Title Loan?

Not sure what a title loan is? It’s simple. A title loan is a loan that allows you to use your car’s title as collateral for that loan. Basically, you can turn in your car’s title for a loan of up to $15,000. The best part about this loan is the fact that you can still drive your car. The collateral is your title, not your car, so there is no need for you to give up your car while you are making payments to your loan. And the state of your credit doesn’t disqualify you from getting this kind of loan either. We know how many things bad credit can affect. At Fast Auto Loans, whether you have bad credit or good credit, we will still work with you and get you the best amount possible.

What Can A Title Loan Do For Me?

Now that you know what a title loan is, you are probably wondering “what can a title loan near me do for my situation?” If you find yourself jobless, there is still plenty you can take care of and it is important to know what they are. From being able to make your necessary expenses, being able to pay for insurance, and maintaining your credit score or improve bad credit. There is a lot you can do with a title loan when you find yourself having no job and having difficulty bringing in a stable income. These are just three of the most important things a car title loan from Fast Auto Loans in Virginia can do for you:

  • You can take care of your necessary and unexpected expenses
  • You can afford to buy you and your family insurance
  • You can maintain your credit score or improve your bad credit

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Take Care Of Necessary And Unexpected Expenses

The biggest issue with losing your job is the issue of continuing to pay for your necessary expenses. Your necessary expenses – like your bills, food, mortgage or rent, and gas – are things that we need to live our lives and have to maintain. Not having the steady income can make paying for these things very difficult. And if you are thrown an unexpected expense – like medical bills or home repairs – that could be even worse on your finances. Car title loans are there for when you have those expenses that you need to take care of but just cannot in your current situation.

Afford To Buy You And Your Family Insurance

When you lose your job, you also lose your insurance. Having insurance is very important to have because you never know what can happen. Your insurance is there to help if you experience a medical emergency or your family experiences a medical emergency. When you look up “title loans near me”, you will learn that a title loan is perfect to buy yourself and your family medical insurance. Your title loan can also buy you insurance to cover your home and vehicle as well – which are also very important to have in case of unexpected events.

You Can Maintain Your Good Credit Or Improve Your Bad Credit

When you have expenses you can’t meet, your credit will start to tank very quickly. Nobody wants to deal with tanking credit. With a car title loan from Virginia, you can maintain your good credit because you can take care of the most pressing expenses. You can also start to actually improve your bad credit with the help of your auto loan. When you start to eat away at those big expenses and start to gain a little more stability, your credit will actually start to improve. You may even find that you’ve found some more steady income to pay back your loan and maintain your new, good credit.

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Get Your Title Loan Process Started

So, as you can see, you don’t have to worry about not being employed in order to get a title loan. The process is very simple. Just being the online form and wait for one of our loan representatives to give you a call. Once you hang up the phone with us, look up “title loans near me” and drive down to one of our many locations around Virginia. Make sure you you’re your driver’s license or state-issued ID, your vehicle, and your vehicle’s lien-free title. Once you are here, a loan rep will look over your documents, do a quick car inspection on your vehicle to determine how much money you qualify for, and go over your loan agreement. This is the part where you ask all of your questions and make sure you agree with the loan agreement before you sign anything. This is also the time where you and your loan rep will come up with a payment schedule that you can handle. As soon as everything checks out and you agree with everything, you can have your cash in 30 minutes or less.