Once you discover the requirements for a car title loan, you may be disheartened to see that most companies need you to have verifiable income(often through a full or part time job). But that doesn’t mean you can’t qualify for a title loan if you’re unemployed or retired. You can be approved by most title loan companies as long as you show some income. These options include social security benefits, side jobs, inheritance, and insurance settlements. Lenders won’t be concerned about a bad credit score or other typical requirements with personal loans. When you’re trying to get a title loan with no job, the only things that matter are how much you make monthly and whether you have a vehicle that’s owned free and clear.
Qualify For Car Title Loans without Proof of Income
Anyone without a job or income can apply for a title loan. But it will be difficult to get approved if you have no money coming in. The lender takes the vehicle’s pink slip as collateral for future monthly payments. However, they also want to ensure you can back your borrowed money. Your lender is still taking on financial risk, even with the vehicle’s value they have as security. That’s why you need proof of income to qualify for most auto title loans and title pawns. Most will be good with monthly or weekly payments from a job or contract position. For others, you need to explain the situation and offer the following as proof of income to get a car title loan without income verification:
Social Security Income
Most of us think of social security benefits as what we pay into as a way to have monthly payments when we retire. These benefits will be sufficient to qualify for a title loan online without a typical employment income. But there are also different ways to qualify with SS benefits. 
Did you know you can be approved for a title loan based on your social security survivor benefits? Another option is if you’re getting some form of social security disability benefits. There are multiple ways to qualify for Government benefits from Social Security. For example, you can use your Supplemental Security Income benefits or even benefits from a former spouse.
Annuities or Settlements
You may wonder why someone would apply for car title loans if they have an annuity or court-ordered settlement payments. The answer is similar to someone who has a full time job but still needs cash for a financial emergency. Things come up, and you can still qualify if you have payments from a scheduled annuity or legal settlement. Annuities can be complicated and are complex financial instruments. Contact your company or agent for more information or your qualifications.
Insurance Payments or Workers’ Compensation
You can still qualify for an online title loan with this type of income. As long as the payment is scheduled and consistent, you should be able to get past the issue of no formal income verification.
Other Ways To Qualify For a Vehicle Title Loan Without A Job
There are a few other ways to get approved for quick approval online title loans without the necessary income requirements or a full time job. In some cases, you can get money for your vehicle title if you show proof of income from an inheritance or severance pay. In this situation, a company or family will make monthly or scheduled payments to you that can replace full or part-time employment. Be sure to speak with your customer service rep or underwriting contact and explain how the payments come in. At Car Title Loan Lenders USA, we dealt with many situations where people have issues making their monthly payments. It’s not out of the ordinary and it’s important to speak up and have your lender work with you.
What To Do After You Get a Car Title Loan with No Income Verification Or Proof Of A Job
You must be honest with your customer service contact and let them know what’s happening with your social security benefits or another form of income. Also, ensure everyone is on the same page regarding the title lending credit requirements. Give them enough time to work with you and there should be no problem being approved for a car title loan and being able to make the payments on time.
