A car title loan is short-term funding where your vehicle is used as collateral to secure the loan. If you have bad credit, you may still qualify for this type of financing. Lenders are standing by.
This financial product is not available in every state. Finding out if we can connect you with a lender is as simple as filling out our short, hassle-free form.
If you are connected with a lender after filling out our loan request form, they will likely ask you to bring your car to an authorized inspection center. Our lenders try to make this process as convenient as possible by partnering with local auto shops all across the country.
The inspection location may be within a few minutes of your home. The checkup should not take much of your time. If you have any questions about your specific car title loan inspection location, please reach out to your lender directly.
The following tips may help protect you from auto title loan scams.
A car title loan is short-term funding that uses your car as collateral. Through our site, you can request anywhere from $500 to a loan over $10,000. Those who cannot qualify for a traditional loan are sometimes able to find money through this type of borrowing. Read on for more information about this financial product.
Depending on the lender, you can secure your loan with a car, truck, or even a motorcycle. Here’s how it works: Before you get your loan money, the lender will put a lien on your car title, which means the lender receives the right to own your car. You still get to drive the car, but until you pay back the loan, the lender owns it.
Providers tend to offer a loan amount that is around 50 percent of your car’s current value. If you are unable to pay back the loan, the lender can take your car and sell it. This ensures that the loan provider will not take a hit if you default on the loan, which in trade means that the loan is less risky for the lender. This is why those with poor or bad credit may still qualify for car title loan.
It is our goal to connect you with a loan provider. For this purpose, we have created a state-of-the-art platform for connecting lenders to borrowers. Everything starts with our form. After you put your information into our loan request form, we will attempt to connect you with one of our partners. The entire process should only take a few minutes. Our service is free to use.
Our form contains a few different sections:
We protect your personal data with the latest encryption technology. We are not a lender. It is our job to find you a provider that offers this type of funding. We work with many such lenders.
We created a network of trusted auto title loan lenders. If you enter your information into our system, you could be connected with one of these reputable lenders. Our technology makes this process run smooth, fast, and safe.
After you are connected with a lender, they may require you to get your car inspected. The inspection center will likely be within a few miles of your house. You will also need to fill out a little bit of paperwork. The lender will then choose whether to offer you a loan.
If your car is not completely paid off, you may still be able to qualify for this type of funding. In some cases, the lender may offer you a loan package that helps you pay off your car.
Before you use our site to ask for funding, please check and make sure you meet our requirements:
Your lender will likely have additional requirements.
Please understand that we are not a loan provider. It is our job to process your loan request and hopefully connect you with a lender. If you do find a loan source, you could receive your money in as little as one business day.
Your lender may want to know why you are requesting a loan, and your reason may affect whether you get the money. Here are some popular reasons why people request auto title loans:
There are many other reasons why people take out this type of funding. If you are unsure if your loan reason fits with this type of funding, it might be wise to consult a financial expert. They may be able to guide you toward a financial product that makes sense for your situation.
Your lender will tell you exactly how you are supposed to repay your loan. Since payment options can change according to the lender, it is important to read over your loan agreement to understand how to pay back your loan.
Generally speaking, a car title loan is a short-term loan, which means that the loan’s due date will arrive sooner than it might for other types of funding. As an example (again, your situation may be different), a borrower may have 30 days to pay back their loan.
If you are unable to repay your loan on the due date, the lender may let you refinance the loan for another loan term. The loan will likely get more expensive. Some borrowers refinance their loans multiple times, only to find that the interest and fees have ballooned to the point where they owe more on the car than it is worth.
Some of our customers are more likely than others to get a loan. While anyone who meets are requirements can request a loan, meeting these unofficial requirements may increase the likelihood of finding a lender:
Again, these are not official requirements for requesting money through our site. Based on what the industry has shown in the past, meeting these guidelines may increase the odds that you will be connected with a lender.
Our loan request service is free to use. It is also a risk-free service, as our site requires zero obligations or commitments.
Yes. If you default on your loan, your lender will be able to take possession of your car.
Collateral shifts the risk away from the lender and moves it toward the borrower. This makes some loan customers a little nervous. If you are seriously concerned that you may lose your car if you agree to an auto title loan, then you may want to rethink taking out the loan.
If we are able to connect you with a lender, we ask that you deal with them directly for all matters related to your loan. We are happy to take your questions regarding our loan request service, but we will not be able to offer assistance for anything that has to do with your actual loan.
There are currently 17 states that allow this type of lending. Four additional states provide a similar type of funding that is often referred to an auto title loan. Each state has its own auto title loan rules and regulations. Below you will find relevant information (data partially derived from https://consumerfed.org/). It is our goal to present accurate data on each state’s title loan legislation; however, we do not guarantee the accuracy of this information. For the accurate information and for specific inquiries about state regulations, you should contact your state’s department of finance.
For more information on your state’s lending laws, please visit your state’s website or contact your state’s department of finance.
If we are unable to connect you with a provider, please do not give up hope on finding funding for your situation. There are other financial products out there. Depending on your circumstances, you might consider contacting your state’s department of social services.
After a period has passed, you might consider trying the request process again. Your financial situation can change over time, and while you were not connected today, the decision may be different at another time.
We are grateful you decided to visit our site. Hopefully, all your questions have already been answered. If you need to know more about the loan request process, please feel free to contact us at any time. If you are ready to request a loan right now, we invite you to use our loan request form by clicking on the “Get Started” button on the top of the page. You will be immediately directed to our loan request form.