Online title loans in Alabama can be something to consider when times get rough, but it’s important to ensure you’re the right legal age to secure one of our loans. Here are our guidelines for legal age to take out a loan.

You must be 18 years of age or older to take out one of our title loans. If you are under 18, then you cannot be held legally responsible for paying the loan, and we will not be able to work with you.

And there you have it. As long as you’re 18 or older, you’re considered a legal adult and can rely on alternative loan options when you need them most. In this article, we’ll review why this is the case and when you might want to give us a call.

Why Is 18 The Minimum Age?

18 is the minimum age for a simple reason. For our stores operating in the U.S., 18 is the legal age of adulthood. At that age, you can be held legally accountable for loans that you take out. The only exception before the age of 18 is a student debt loan.

Of course, if you want to use your vehicle title to take out a loan and you do so under the age of 18, you have no legal obligation to repay the loan because you are not an adult in the eyes of the law and cannot be legally culpable, even after signing. In light of this, loan companies will not work with individuals under 18 to avoid legal complications and as a sense of courtesy.

After all, alternative loan options aren’t always the best option; but they are an option for emergencies. That’s why confirming your age is an important first step for us in the application process.

What Else Do I Need To Take Out A Loan?

If you’re over 18, then you’re legally able to take out a loan, but there are a few other requirements to consider. First, you need to own a vehicle. That means that the title is listed in your name, something you can check on your paper or electronic title. Your lien-free vehicle title serves as collateral for online title loans in Alabama, which is why we need to check your car’s title and VIN.

We’ll also need your ID to confirm your age and identity. A driver’s license works perfectly, but a passport, non-driver’s license, military ID, or student ID is also acceptable to take out online title loans in Alabama.

Lastly, you’ll need to bring the car associated with the title. The physical condition of the car largely plays into the amount you qualify for, up to $15,000. More valuable cars are a higher-risk asset, making it more likely that you will pay off the loan. With that assurance, a loan company may be more willing to offer a higher borrowing amount.

When To Take Out A Loan

It’s not enough to simply qualify for a loan; it’s smart to determine whether you truly need one. Here’s a quick list of how our customers tend to use title loans:

• Paying rent
• Covering unplanned expenses
• Costly home repairs
• Medical bills
• Business travel

These circumstances generally have a commonality: you wouldn’t be able to pay for them otherwise, and doing nothing isn’t an option. That’s when a title loan is ideal, not for frivolous purchases or expenses that you can cover with your savings or alternative options.

Our Simple Process

At Alabama Title Loans Inc, we strive to make your application process simple, clear, and concise. Here’s a quick breakdown of what to do:

1. Fill out our online form or call us directly - Completing the form gives us some basic info about you and your car that we can use to make an estimate of what you can take out on your loan.
2. Wait for a representative to call – On the phone, the representative will schedule a meeting to inspect your vehicle.
3. Bring your required items – Bring along your necessary items to the meeting, and the associate will go over them in a process that takes as little as 5 minutes.
4. Get approval – If you’re approved, you’ll receive your money that day or the next day. You might even be able to leave in your car right after getting your money!

Secure Your Financial Future Today!

Online title loans in Alabama are simpler than ever; if you’re over 18, Alabama Title Loans, Inc. is open to starting a conversation about how title loans can benefit you. Just be sure to take all of your options to bear beforehand. If one of our loans sounds beneficial to you, then get started with our quick request form today!

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