Looking for an Auto Title Loan With No Income?

Auto Title Loan With No Income

 

Is it posible to get an auto title loan with no income?

At Presto, it’s actually possible to get an auto title loan without proof of employment!  That’s right; although most people think they have to produce a paystub from a job to get a loan, that’s not true with Presto Auto Title Loans. Because “Proof of income” does not necessarily mean proof of employment. How can we give an auto title loan to someone with no job?  Easy, just because an individual doesn’t have a job doesn’t mean they can’t prove they have money coming into their household by other means.  

What can I use as proof of income to get approved for my auto title loan?

At Presto Auto Loans, we accept the following sources of income:
• Under the table income
• Social security benefits
• Annutity
• Inheritance
• Trust fund
• Settlement
• Severance pay
• Worker’s comp

What does that mean?

Not everyone has a traditional job that allows them to prove they are making money with a paystub. Because of this, we are flexible in the proof of income options that we offer.

Let’s start with “under the table” income

That means you are receiving money (usually cash) from an employer for work done or services rendered. If your employer is willing to sign a letter stating your name, the services you provide and the compensation you receive for those services, we will accept that letter as proof of employment/ proof of income from the company or person employing you as long as your bank statements reflect the cash deposits for the income in question.

Social security benefits

These can also serve as a proof of income when applying for an auto title loan at Presto. Social security benefits are funds you start to receive upon retirement from the state and/ or from a pension plan you had through a previous job. Presto Loan Centers will accept your benefit statements as a source of income.

We also may accept annuities

Another solid proof of income for your auto title loan.  Annuities are funds which produce a steady income for a fixed period.  Very often, these funds are used for retirement, just like social security benefits.

Inheritance and trust fund monies

Can come after the death of a family member or close friend. But, if you receive funds from either of these sources on a regular basis, they can be considered a regular source of income that qualifies you to take out an auto title loan with no job.

You may have been awarded a court-ordered monetary settlement

Often from a lawsuit, the money you receive can be divided into regular, scheduled payments for you loan.  If you receive money paid through these channels, you can qualify for an auto title loan with Presto Loan Centers. Finally, you can receive an auto title loan with no income if you have been injured on the job.

Workers compensation payments.

  These payments serve as proof of income because these funds are a wage provided by your company during the time you would normally have received a regular paycheck.

Get approved with Presto Auto Title Loans today!

As you can see, it is possible to get an auto title loan from Presto Auto Loans even when you don’t have a steady job. Just because you do not have a “typical” job doesn’t mean you are automatically excluded from getting an auto title loan. Get approved with Presto Auto Title Loans today! Simply follow the link and fill out our online loan application. We will review it and one of our representatives will get back to you within 24 hours!