How Do Pink Slip Loans Work?

Pink slip loans, otherwise known as title loans or auto title loans, are a type of secured loan. A borrower uses the title of their car as collateral to secure the loan. The "pink slip" refers to the certificate of title for a vehicle, which is used to establish the ownership of a vehicle.

Can I Get Pink Slip Loans with Bad Credit?

Generally, a good credit score is not required to qualify for a pink slip loan, although a credit check is typically an important part of the application process. However, other factors may be more consequential during the approval process, such as your income and ability to repay the loan. 1

How Much Can I Get from an Instant Pink Slip Loan?

Generally, eligible borrowers may be able to get anywhere from 25-50% of their car’s total value. But, the amount that a qualified borrower can obtain through a pink slip loan will vary depending on their income and the total value of their car.1

Pink Slip Loans | Money in as Little as 24 Hours

What are Pink Slip Loans?

Pink slip loans, otherwise known as car title loans or vehicle title loans, are a type of secured type of loan that lets a borrower use their car’s “pink slip” as collateral for emergency funding. If you have the title to a qualifying sedan, truck, or SUV in your name, then you might be able to apply for a pink slip loan and borrow against the value of your eligible vehicle!¹

Besides having a car with enough positive equity and a car title in your name, you have to be of legal age and provide proof that you are capable of paying back the loan. If you meet the requirements and just so happen to be eligible for a ChoiceCash title loan, you can get your money in as little as one business day! You can initiate the process for your pink slip loan either by filling out an online pre-approval form or calling 855-422-7402 to reach a loan officer.

What is a Pink Slip?

Some states printed the car titles on pink slips of paper, which made it harder for vehicle owners to misplace such an important document. The term “pink slip” is still a common term used throughout the United States today, even though car titles are no longer printed out on bright pink slips of paper! A pink slip is no different from any other car title since it contains information about the automobile, like the car’s Vehicle Identification Number (VIN), make, model, year, and the owner’s personal information.

Are Pink Slip Loans Illegal?

You are allowed to apply for pink slip loans if you live in a state that permits vehicle-secured loans. In order to get approved for a loan against your car as a resident of Michigan, Arkansas, or another eligible state, you must meet the lender’s requirements and provide several documents to verify your information. Call 855-422-7402 to find out if applying for pink slip loans is allowed in your state!¹

Who Can Benefit from Pink Slip Loans?

Pink slip loans can be advantageous for borrowers in a few different kinds of situations, including the following:¹

If the Borrower Is in an Emergency Situation Where Fast Cash Is Needed
If the Applicant Does Not Have Traditional Employment
When the Individual Has a Poor Credit Credit History

Applying for a loan online is typically faster than applying for a loan in person. If you’re behind on your rent or you are stuck in a tough financial situation that needs to be solved as soon as possible, a pink slip loan could be a lifeline!

Pink slip loans can be flexible, so you don’t need a traditional 9-5 job to get approved for the fast funding you need. When you apply for a pink slip loan, the value of your vehicle and your income are the factors that will primarily impact your eligibility for a loan. As long as you can provide acceptable proof of your ability to repay the loan and meet the other requirements, you can access fast funding in as little as 24 hours – even if you have bad credit! In some cases, eligible ChoiceCash title loan borrowers can get their funds the same day they are approved.

Do you have any more questions? Call 855-422-7402 to speak with a friendly loan officer and learn everything you need to know about applying for pink slip loans!

How Much Can You Borrow with a Pink Slip Loan?

If you qualify for a pink slip loan, you can access a portion of your car’s value and use your loan proceeds to pay for any type of personal expense! As mentioned above, your loan amount will be based on your ability to repay the loan, along with your car or truck’s value. It is possible to get up to $15,000 through a ChoiceCash title loan serviced by LoanMart!¹

The easiest way to get a better idea of what your pink slip loan amount could be is to use ChoiceCash’s loan calculator to get a vehicle value estimate and an instant loan quote! Just enter some basic information about yourself and your vehicle into the form to use the tool and find out if you are pre-approved for fast funding. Your car’s pink slip could be your ticket to cash in as little as 24 hours!

Why Choose ChoiceCash Title Loans to Apply for Pink Slip Loans?

Thinking about applying for a pink slip loan? You can get your funds in as little as 24 hours through ChoiceCash title loans! On top of fast access to cash, below are some of the perks of qualifying for a ChoiceCash title loan serviced by LoanMart:¹

Quick and Simple Application Process
Bad Credit is OK
Competitive Interest Rates
Flexible Loan Terms
Keep Driving Your Car

Don’t waste your time with complicated application processes! Instead, you can apply for a ChoiceCash title loan online and take advantage of a simple, three-step application. If you are eligible for a ChoiceCash pink slip loan, you can access flexible loan terms and competitive interest rates – even if you have poor credit! Best of all, you have the freedom to keep driving your car during the repayment process. As long as you stay on top of your loan payments, you get to hold on to your keys and keep your normal driving routine.

Why wait to find out if you qualify for the fast financial help you need? Apply for pink slip loans today by completing a short questionnaire online and instantly find out if you are prequalified!

Apply for Pink Slip Loans Online Today

If you are looking to take out a pink slip loan, the application process can be simple and straightforward! Here are the three steps to apply for a ChoiceCash title loan serviced by LoanMart:¹

Apply Online or Over the Phone: Fill out a quick prequalification form online or call 855-422-7402 to start your application over the phone with a ChoiceCash title loan officer!
Upload Your Documents: If you receive initial approval, you will need to submit a valid, government-issued photo ID, a car or truck title in your name, proof of income and residence, and several pictures of your car. Once you gather the required documentation and vehicle photos, you can submit everything through the portal!
Receive Your Funds: The last step of your application for a pink slip loan is to find out if you are fully approved for the loan and receive your funds! If you sign your loan agreement, you can get your funds in as little as 24 hours.

The best place to get a pink slip loan can be online or over the phone. You don’t have to leave your home to apply for fast funding! Complete the online questionnaire at any time of the day or night! Or, call the toll-free number to speak with a ChoiceCash title loan agent today. Applying for a pink slip loan can be a breeze!