You are not selling the car nor are you pawning it (leaving it with us), you are just getting a loan on the car equity you have now. By allowing our company to put us on the title as a lien holder, you lower our risk and therefore we are not held to bank high credit standards.
How old do you have to be to get a title loan?
You have to be at least 18 and have the car titled in your name.
How do interest rates work on title loans?
Make no mistake, auto title loans have high interest rates. That is not to say that all title loan companies have the same high rate and some, like us, make it affordable to get a title loan. We charge 8% on loans below $5,000 and 7.5% on loans above this number. This is a monthly interest rate.
How long do I have to pay off the loan?
You have up to 3 years depending on the loan size.
I only need the loan for a month or so. Does that change anything?
Not at all. A lot of people only need the loan for a month or two. This will save you on interest because there is no penalty for prepayment.
How easy is it to get a title loan?
Extremely easy. Once you get one, you will always come back in the future for your title loan needs.
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 that would take more time. You see, we are the largest car, van, and pickup truck title loan lender in the State and we do thousands of applications daily. This means you are always going to get the fastest service online because you are smart to use technology instead of "sit-in-our-lobby" techniques.
What other types of title loans are there?
Car Title loans go under a lot of different names. Pink Slip loans, installment loans, interest only loans and auto pawns. We do not do interest only loans because that means at the end of the term you will have this gigantic principal payment to make and that always makes loans too much to pay back. There is auto pawns and auto pawns work very much like title loans except they make you leave the car and we just cant hold onto the car because we would need a parking lot as big as Disneyland's! These are affordable installment plans.
Do I have to have a job?
You have to prove to us that you have the means to pay this loan back and that typically means you need income of at least $1500 a month from any source.
Do I have to have a bank account?
Only if you are self employed. If you are not, then no you do not.
What about my credit? It’s not that great. I need a bad credit personal loan now.
Everyone credit is getting bad and what's worse, banks are raising the credit score amount to loan only to people with great credit. We know that leaves out pretty much 90% of the world right now and that's where we come in. Don't worry, we understand.
Does my car need to be paid off?
No. We can pay off current lenders and lien holders for you.
Do I have to mess with the DMV?
No, we do all the DMV work do you don't have to.
My car is registered in another state. Can I still do this?
No. You need to have the cars registration transferred to where you live before you can get a title loan.
Can I get a loan based on two cars combined to get more money?
Sorry. One car per person is the requirement.
I am behind on my bills. My mortgage is behind and more. Does this hurt me?
No it does not. We know people are behind right now and that is why getting a loan to pay off some obligations is a smart move.
Does getting a loan with you help me with my credit in the future?
Actually it does. It's a hard cycle isn't it? You can't repair your credit until someone gives you credit to start paying on the credit so you have no chance at repairing it do you? Yes you do! We will give you a loan with bad credit and break that cycle and we will report to the bureaus so you can get back on a good path to making your credit better.
I have a car title loan with someone else. Can you help with this?
You bet we can. A lot of people turn over their bad high interest car title loan to us and allow us to pay it off and get you on a lower interest one with one. This saves your car, saves your credit and saves your sanity!
