Anyone with a car can get a car title loan. This is because there is no credit check or background checks involved. The lender is giving you a secured loan, which means that the loan is based on a piece of collateral that you are putting up.Does my car need to be paid off for a title loan?
You must have a paid-off car loan: Title loan eligibility depends upon whether your car is paid off and lien-free. This is a standard practice in lending that helps to protect the legal rights of our consumers and streamline lending significantly.Can I Sell my Car If I have a title loan?
They hold title to the vehicle, and you can’t sell the car without it. Ask your car lender the best way to proceed so that you can pay off the loan and deliver the title to the buyer in the shortest time possible. This is not an uncommon occurrence, so the lender should have procedures in place.