Frequently Asked Questions

What is a car title loan?

This is a loan you can take out against the equity in your car. You must own your car for the loan to be a possibility, and have the title with no current lien attached to it.

What is a motorcycle title loan?

This is a loan taken against the amount of equity available in your motorcycle. If you own your motorcycle outright, you do not have a lien attached to the bike and you hold the title, you may be able to get a title loan against it.

What happens if I want to pay off the remainder of the loan earlier than the end date?

This should be possible to do without any problems. You should read the terms and conditions relating to your loan prior to taking it out, so you know where you stand with regard to interest rates and early repayment. Typically speaking, if you pay off a loan early, you will save money on the interest you would otherwise have paid throughout the rest of the loan period.

Do I keep my car or motorcycle while paying off the loan?

Yes! This is one of the major benefits of taking out a title loan. You get the loan based on the equity your vehicle or motorbike has, and you can still use it whenever you like - just as you do at the moment. However, please do remember that if you default on the loan, you may lose possession of your car or motorbike as a result.

Who can provide me with a title loan?

There are lots of lenders dotted all over the US. It often pays to shop around prior to getting a loan, so you can be sure to get one from the right lender. We are here to help you wherever we can, so you could find you are already in the right place to get the title loan you are looking for.

How much cash could I get for my loan?

The ceiling amount will depend on the amount of equity held in your vehicle. This will be determined along with your ability to pay back whatever you borrow.

Do the rules on title loans differ from state to state?

Yes, which is why we encourage you to find out the rules that specifically apply to the state you live in. This will enable you to work out whether you qualify for a car title loan, as some states do not allow them. Others do, but they may have different terms and conditions attached. One example would be that the interest rate may be capped in certain states, so it makes sense to see what the law is where you live.

How long does approval take when I apply for a title loan?

It could take under an hour! Some people find they receive approval in around 30 minutes, so if you need a loan fast, this could be the way to do it.

Do I need a good credit record to apply for a title loan?

No, which is why many people look at this as the ideal way to get the cash they need. We don't all have excellent credit, and since we use your ability to pay and the value of your vehicle as the determining factors, it doesn't matter what your credit history is like.

Could taking out a title loan improve my credit history?

It could. Credit search companies do look at how responsible you have been when paying off loans. Therefore, if you make sure you make your repayments on time every time, you may well improve your credit score. This in turn could make it easier for you to apply for other finance in the future.

What if I have another question that hasn't been answered here?

You can get in touch with us using the details provided. Remember, you can also find out more about the laws in your particular state by going online and doing some research. You're never far away from finding out more about title loans!