You are using your auto as security on a loan. The greater your vehicles value, the higher the loan. You still drive the vehicle, you are just getting a loan on the equity you put in the car.
How old do you have to be to get a title loan?
Legal age of 18 years or older.
How do interest rates work on title loans?
You take the loan amount and multiply it by the interest rate. The end result is the monthly amount you will be paying in interest on the loan.
How long do I have to pay off the loan?
You have up to 3 years to pay off the loan.
I only need the loan for a month or so. Does that change anything?
You can pay back the loan at any time, including one month after you get it with no prepayment penalty.
How easy is it to get a title loan?
Extremely easy. Since the loan is based on your car, not you, as long as we can work with the vehicle we can get you money. Remember, we are not buying the car, just loaning you money on the cash you already paid into the car.
What documents are needed?
Copy of your drivers license
Original Title
Insurance
References
Proof of residence (verify where you live)
Proof that you have some income of at least $1500 a month
Is it faster to drive into your location first?
Actually this is much faster as instead of driving to our location and then going back and forth, why not do everything you would normally do in the office right online.
What other types of title loans are there?
Personal vehicles only like cars, trucks, vans but no boats, RVS, motorcycles.
Do I have to have a job?
We have to verify that you have income coming in of $1500 a month. This means the income can come in from any source really.
What about my credit? It’s not that great. I need a bad credit personal loan now.
We are more concerned about your car than your credit.
Does my car need to be paid off?
Actually no. Some people like auto title loans to close out other loans in favor of our loan. It helps with their credit which may at risk with being late and gives you some cash as well.
My car is registered in another state. Can I still do this?
No. You need to have the car registered in the same state as you reside.
Can I get a loan based on two cars combined to get more money?
One car, one loan, one person. Sorry.
I am behind on my bills. My mortgage is behind and more. Does this hurt me?
Not at all. We know that this may actually be the reason why you need a car title loan right now so this is not a factor.
I have a car title loan with someone else. Can you help with this?
Yes. What we will do is pay off the other title loan company and give you a fresh start here. We have been told that our total monthly payments is usually half of what the other guys interest only payment and that gets you into a real bind. We make the payments affordable.
Does getting a loan with you help me with my credit in the future?
Yes it will. We report to the bureau which means a good experience with us can actually repair your credit.
