Auto Title Loans for the Unemployed in Santa Rosa
If you are unemployed you probably have a lot on your mind. You will be busy trying to find a new job or sort through your finances to make sure you are ok. Auto title loans Santa Rosa offers a personal loan solution that is designed to be convenient and flexible. It is ideal for people who are unemployed, have bad credit or have income from an unconventional source. While many lenders will not approve loans for people in these situations, auto title loans are particularly well suited for them.
Auto Title Loan Requirements
Before you begin applying for a personal loan it is important to understand the requirements so you can make sure you can meet the eligibility stipulations before you even begin the process. Auto title loans Santa Rosa requires:
- Vehicle with a title in your name – The vehicle acts as the collateral for the loan and auto title loans Santa Rosa will become the lien holder for the life of the loan which is why you need a vehicle with a valid title in your name.
- You must be resident in the area – The company only services the Santa Rosa area.
- Your vehicle must have valid insurance
- You must have a source of income – The actual source of the income is not important, but you do need income as proof of ability to repay the loan.
Loans for the Unemployed
Auto title loans are a flexible loan option because they are secured. There is no employment status check which means the lender will have no way of even knowing if you are employed, self-employed or unemployed, allowing them to offer the same terms and conditions to applicants regardless of their employment status. The same is true for credit histories. With no credit check, applicants can be eligible regardless of their credit score.