Tips For Getting Loans For Someone On Disability

Getting loans for someone on disability can be tricky. Most traditional bank loans and funding options require traditional jobs in order to qualify. Unfortunately, this is not an option for individuals on disability.

Although it is true that getting loans for someone on disability is difficult, it is not impossible. Here are some tips to keep in mind when looking for loans for someone on disability.

Here Are Useful Tips For Getting Loans For Someone On Disability

1. Look Beyond Traditional Bank Loans

If you’re looking for loans for someone on disability, it’s a good idea to look beyond traditional bank loans from the beginning of your hunt. Traditional bank loans almost always require traditional employment or income, as well as a good credit score. If you are on disability, your chances of getting approved for a traditional loan are slim, especially if you have bad credit.

By looking beyond traditional bank loans from the beginning, you get to conserve your time, energy, and resources. Instead of wasting your time on loans that won’t work, focus all of your attention on loan types that are available for individuals on disability.

2. Know Your Options

When looking beyond traditional bank loans, it’s important to know your options. Although there are fewer options for individuals on disability, there are loan options to consider. Title loans, for example, are an option for individuals on disability because they do not require proof of income or a good credit score.

Title loans are not the only loan type available to those on disability, but it is one of the best. If you look elsewhere, check out secured loan types that do not depend on traditional income. By doing this, you will have a better chance of finding loans suitable for individuals on disability.

3. Look For Online Applications

It’s a good idea to look out for online applications if you are looking for loans for someone on disability. Online applications will simply make the application process easier for someone on disability. Not all loan types will have online applications, though.

Title loans are one of the few loan types that can be applied for online. This further makes title loans a loan option for individuals on disability. Most individuals on disability can qualify for title loans, and title loans are accessible in a way that other loans are not.

4. Online Title Loans For Someone On Disability

A title loan online is an option for individuals on disability for the reasons above. It can help individuals get the money they need quickly, safely, and conveniently. In fact, title loans can get individuals on disability up to $15,000, which is quite a bit of money, especially for nontraditional bank loans.

Requirements

In order to qualify for title loans, you will need three items: your driver’s license or state-issued ID, a lien-free title to your vehicle, and your vehicle for inspection. A lien-free title means that all debts have been paid off regarding your vehicle, making you its sole owner. The title also needs to be in your name.

Note that traditional income or employment is not a requirement for title loans. This explains why title loans are an option for individuals on disability. Likewise, you can apply for title loans even if you have bad credit. All credit types are welcome to apply.

What To Expect

The online title loan application process is different for every lender. Here, at At Home Title Loans, our process is quick. It begins with you filling out our quick online inquiry form. From there, a loan specialist will call you back to determine how much money you qualify for and your monthly payment. You will set up an appointment to have your vehicle evaluated too.

Because At Home Title Loans offers a title loan online, you can set the time and place for the vehicle evaluation. We can come to you if that is most convenient. The evaluation will only take a few short minutes. If approved, your loan documents will be emailed to you for an e-signature. The money will be deposited directly into your account the next business day.

Even if you are approved, you will still get to use your vehicle as normal. The vehicle will be in your possession as you pay off the loan. Once the loan is paid back in full, the lien will be removed from your vehicle title, just like before.

Apply For A Title Loan Online

Applying for loans for someone on disability can be difficult, but not impossible. Online title loans are an option for individuals on disability because they do not require income or good credit. It also has online application options for convenience.

If a completely online title loan sounds right to you, get started now by filling out our inquiry form. A loan representative will call you shortly to get the process moving. We will speak to you soon!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.