Getting an auto title loan with no income can seem like an impossible task. However, there are opportunities available to help you.
Here are a few things you should know.
How can you get an auto title loan with no income?
You do not have to show proof of employment to get an auto title loan through some providers. Though most people believe that it is a necessary step to bring in a paycheck stub or other proof of employment, that is not always the case. Keep in mind that when you are asked to show proof of income, that does not mean you have to show proof of employment – the two are separate. The goal here is to understand that you still need to have some source of income but you do not have to show us proof of employment. So, how does that work?
What types of proof of income can help you to get an auto title loan?
There are different types of proof that we may be able to accept. Some of the following sources of income may help you: (?As long as the pay will be continuing through the term of your loan we can generally be quite flexible on these pay types as long as you can show documentation of the length of payments and amount.?)
- Social Security benefits you are receiving
- Workers’ compensation funds
- Under the table income
- Funds from an inheritance
- Money from a trust
- Money from a settlement you’ve been awarded
- Severance pay from a past employer