After you have been denied for an auto title loan, all hope is not lost. No matter what went wrong during your first attempt, here are several steps you can take to make sure you get the money you need the next time around.

Make sure your car’s title is clear.

This is one of the most important steps to successfully receiving an auto title loan. All lenders require the original title to the vehicle showing full ownership. They may also ask for government-issued identification matching the name shown on the title.

Make sure you don’t have a salvage title.

If you have a salvage title, which denotes that your car has at one point been deemed economically unfeasible to repair by an insurance company, this may also cause problems. Try your best to avoid asking for a salvage title loan.

Pay off any liens on your car.

If your car has any prior liens, even ones that you didn’t know about, lenders will not want to provide you with a loan. This is because current liens show that for whatever reason, you were unable to pay off the lien before requesting another. This does not bode well for your ability to pay back the loan you are attempting to get either. Even if money is tight, make sure you pay off any pre-existing liens on your car before asking for a title loan.

Buy insurance for your car.

Many lenders will want to see that your car is insured, so make sure you do in fact have insurance as well as proof. In some cases, lenders may ask you to purchase more insurance for your vehicle to ensure greater coverage. This is a fair request, since they will be the ones holding the title for the duration of the loan.

Make sure you have documents that show your ability to pay off the loan.

Not all lenders require this type of paperwork, but it might help your case to have recent paystubs or other documents on hand proving your ability to pay off the title loan.

Ensuring that your car’s title is clear and not a salvage, your vehicle is fully insured, and you have proof of your ability to pay off a loan are fundamental auto title loan tips. By following these steps, you will have a much better chance of receiving the loan you request. Try City Loan’s services and we will make sure that we walk you through the entire loan process from start to finish. Call us at 1-800-910-6758 to get started today.