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How Do I Find a Reputable Lender?
When researching a reputable small loan lender, there are a number of things that may indicate to you that the lender you are speaking to is not reputable and may end up causing you more problems than they solve:
- Complicated loan terms: If the loan has things like prepayment penalties, which is when a borrower is charged for paying early, or other confusing wording, you probably want to stay away. Balloon payments are actually a great example of a complicated loan term.
- Pushy representative: Is the loan representative pushing you to borrow more money than you think you need? Are they pressuring you to sign a document you don’t completely understand? They may be trying to get you in a loan that is larger than you can afford so you have to roll it over.
- Extremely new company: Sometimes, title loan companies are shut down for engaging in illegal business practices. The owners of these companies then simply move down the street, change their company name, and start taking advantage of borrowers all over again. Look for a company that’s grown its reputation by being around for several years.
Why Get a Title Loan?
Car title loans are great for any situation where you need cash fast. This is the easiest and most hassle-free way to get a loan. Car title loans can help you get money based on the value of your car and your ability to repay the loan1. Do you have unexpected expenses? Not to worry! A title loan is secured by your vehicle’s title. You can use it to generate fast cash.
Unexpected expenses wait for no one. These are some examples of customers who have benefitted from a title loan:
- Pay off a payday loan and get much lower interest
- Helping a family member or close friend
- Paying taxes
- Hospital bills
- Paying rent
- Funeral expenses
There won’t be any changes in your life while you are still making payments for the loan. No matter why you need money fast, a title loan could be the solution for you.
Benefits of Getting a Car Title Loan
- The biggest benefit of a car title loan is that it enables you to get the money you need quickly. Financial emergencies come up unannounced and regardless of how prepared you are. Finding a good loan option to help you out is always the best idea. You need a loan that can be processed quickly to relieve your stress now, not tomorrow. Emergencies don’t wait and no one should tell you to go home and come back later.
- We go out of our way to help you out. Ours is a simple process, that involves evaluating your car to make sure it is worth the amount you need to borrow.
- A car title loan is always a good solution when you are pressed for cash. It is also easy to turn down, as there are no obligations if you think it isn’t a good fit. Anyone with a car is eligible to get a title loan as it is secured based on collateral (your car title) and your ability to repay the loan1.
- Unlike unsecured loans that have no collateral, title loans have more competitive interest rates. This can help you get out of your situation with ease and efficacy.
- Car title loans are perfect for anyone who doesn’t want their credit to be the sole deciding factor for loan decisions. A bank or any other traditional lender may not be able to give you the money you need, but if you have a car, a title loan can help you just fine.
Still have questions? Friendly agents will evaluate your needs and vehicle to give you some possible options free of charge. All you must do is fill a short application out and our team will review terms and conditions before the loan signing. It’s really as simple as that!
Once the loan is approved, the money will be wired to your preferred method of payment within one working day3. Title loans vary based on several factors including the equity of car value, and the ability of the customer to repay the loan on time each month, and state laws1.
We have a dedicated team of employees providing quality services to current and prospective clients without any discrimination based on social class or credit history. Our team is available to ensure that you get the help you need. You can even make inquiries about our services without obligation. We will give you all the information about our loans and what we expect from you before signing any contracts. That way you know everything that is necessary about us and the nature of the loans.
These Are the Top 5 Advantages!
- High approval chances
- Application for the car title loan is free
- Competitive interest rates
- Funding is available as one business day3
- There are no obligations whatsoever to get a quote!
Being Virtual Means Better Security for you!
One thing we can assure our soon-to-be valued customers is that your security is no laughing matter; we remain vigilant and keep access to your private files and information to our trusted staff, divulging the information to no other outside source unless that relationship is a partner of ours and only information that is not considered public knowledge.
During the application process, we only ask for a few documents as basic as identification to vehicle title. Who has access to your information, even within our company, is based on a “need to know” basis. If you we’re going to a brick and mortar location how do you know your personal documents were secure? They could be on someone’s desk waiting to be stolen or in the dumpster not even shredded.
We have heard it in the news all the time. Loose security of personal data ends up costing so much money and aggravation to the consumer. It is critical for your security to let us help you.
What Happens When I Use My Car Title as Collateral for a Car Title Loan?
Using your car title as collateral for a title loan is the quickest way of turning your car into cash. A title loan is a secured loan meaning that it is protected by an asset such as a car.1
Car title loans are fast, easy, secure and convenient. Loans can be processed in about 24 hours to give you a quick solution for your financial problems3. Do you have a car title to use as collateral? Awesome! You are on the way to getting the cash you need, and fast.
Here’s What Happens When Using a Car as Collateral:
- The car title loan is secured based on the value of your car and the amount that you can get depends on the equity in your vehicle and yiour ability to repay the loan.
- Equity is calculated based on factors such as the mileage of the car, market value and condition. Aspects such as the model, make and year of manufacturing also play an important role in arriving at the amount that one is entitled to. In fact, we accept all motor vehicles if they have value.
- You can keep driving it while making the monthly payments.
You could be eligible for a loan amount that’s based on the value of your car and your ability to repay the loan, without a long application process. A car title loan is an asset that you can use to get a loan with ease.
Getting a car title loan is the first step in overcoming your monetary expenses and situation. Using your car as collateral is easy with these three tips:
- Pick which car you are willing to leverage for the loan to give you the highest amount of money that can relieve your fiscal burdens.
- We work with a wide variety of car types and makes. You could be eligible to get a car title loan based on one of your vehicles. Even if you have outstanding amounts left on your car payment, that won’t stop us from processing your loan request. It’s good to have an idea of the value of your vehicle before applying for a car title loan.
- Take advantage of the value of your car to get a fast loan that can be processed online.
Who Qualifies for Title Loans?
Whether you are a self-employed professional, employed or unemployed, you may still qualify for the title loan1. We act in accordance to federal laws that prohibit discrimination against a borrower’s source of income. All that matters is equity of the vehicle and the ability of the customer to repay. That’s it!
Our experts are willing to help get a title loan that best suits your level of income. For more information about pre-qualification and applications for title loans, contact us online.
How Much Can I Get for a Car Title Loan?
The amount of money you may be able to borrow will depend on:
- How much your car is worth
- Your ability to repay the loan
- The loan terms
Title Loans Loans and Laws
We strictly adhere to all state and federal regulations governing car title loans. Our goal is to ensure that the best interests of the borrower are protected and taken into consideration whenever we are deciding.
Timeframe for Obtaining an Auto Title Loan
When money is tight and people need to borrow money, turn a car into the funds needed to get by. If an owned car, truck, van or SUV is less than ten years old, a car title loan online may be available.
Can also help people who are unemployed. As long as they can demonstrate an income stream that allows for them to repay the loan, they are eligible to apply for an Online Car Title Loan.
How Does My Credit Score Influence Approval Decision Towards an Auto Title Loan?
Credit does not influence much of the decision! Bad credit should not make you shy from car title loans. We do not factor your credit score significantly into the decision. Car title loans are secured by your car title and your ability to repay the loan. This means that almost anyone can qualify for the loan. We understand that bad financial decisions in the past shouldn’t define all your future financial growth prospects.
That’s why car title loans were created; for people who would otherwise not get a fair chance because of credit and other factors.
What Documents I Need to Apply for a Car Title Loan?
We will ask for just a few minor preliminary documents to prove that you are in fact the person that you say you are. Here’s what you’ll need:
- Proof of Identification— an ID like a passport or state-issued driver’s license.
- Proof of Residency— any sort of proof (like a bill) that we can validate as your current residence.
- Proof of Income— a paystub or annuity, or handwritten letter by your employer.
- Vehicle Title— you wouldn’t receive your loan without the free-and-clear title to your motor vehicle.
Along with the proper documents, pictures of the vehicle are required, so that we can be sure that your vehicle is in good condition.
How Do I Get a Copy of My Car’s Title for a Car Title Loan?
Your local Department of Motor Vehicles (“DMV”) may be able to help you get a duplicate title. They may even be able to provide you with an expedited copy. Certain DMVs may even be able to expedite your new copy for a fee.
What is Proof of Income for a Car Title Loan?
Many people think the only way to show proof of income is a paystub. There are actually a number of ways to show you have income. You can use things like:
- Workers’ Compensation
- Social Security benefits
- Bank statement if you are self-employed
How Do I Submit My Documents for a Car Title Loan? Can I Text My Documentation?
Well, if one wants to receive an auto title loan, he or she needs to fill out the application. At many lending institutions, they may allow you to fill out the application online; however, at some point, the institution may require that you go to their location physically.
The beauty of auto title loans is that the entire process can be completed online.
Main ways you can submit your title loan documents:
- Text them
- Email them
Once you submit all of the documents via text or email, you may be able to receive all of your money1 in just a few days and without ever having to set foot into an actual location3.
Eliminate the need for you to go from location to location when you are trying to get approved for a loan. Going from location to location can be a daunting task that requires a lot of time and energy, energy that can be used toward one’s work or family.
The Negative Side of Traditional Lenders?
Traditional lenders may be hesitant in general to give you the loan that you need. There are multiple reasons for this. One reason is that the lender may not go off of primarily your income and your car’s equity.
You may be judged by your credit score, criminal history, and even the way you look. Even if you are seeking to receive a secured loan, all of those factors may be used against you. Banks have shareholders and it is in their best interest to be sure that their shareholders receive the returns that they expect.
Traditional lenders may not provide the same convenience. In other words, you may not be able to complete the entire application online. You also may not be able to receive your funding quickly either. At some point, you may have to waste time and effort to go to the lender and secure your loan.
Big Banks or lenders also have very little interest in approving what they would consider a small loan, for they may not be much profit or any profit at all if the borrower defaults. Bigger financial institutions who have access to large sums of money prefer those who have larger sums of money.
In general, people with large sums of money usually have great credit scores, because they usually can afford to pay their loans. They seek loans for investment purposes or business purpose. But, there are many people who are seeking loans to help one pay bills.
What Payment Methods Do Car Title Loans Offer?
There are several ways customers can make their monthly payments. Customers are free to choose whichever methods are convenient. Some methods of payment include:
- Mail payments to the lockbox center
- Pay via online using the MyAccount tab
- Pay by phone with a credit card or a check (fees may apply)
- Monthly automatic electronic payments from any checking account
We strive to ensure all payment methods are simple and pain-free as possible. We provide a variety of payment methods to make things easy for you to avoid any inconveniences.
More Information About Monthly Billing Statement
We know that customers may have many financial obligations to meet, and at times they may forget. The process is made simple by advanced billing technology. Staff usually provide you current balance and payment history based on utilization of online technology. No need to waste time on queues waiting for paperwork and payment history.
The online account management tools for your car title loan include:
- Billing information
- Payment History
- Payment methods
- Important messages
- Basic account information
The billing statement information gives you the information you need to pay off your car title loan in a timely fashion. If you experience any hurdle with the billing statements on a car title loan, you can simply contact us through our online page or phone. Our associates are ready and available to answer any query that you may have.
Tips for Paying Your Car Title Loan
- You can pay extra amounts beyond what required payments. There are no prepayment fees.
- Plan the loan payments based on your monthly budget
- Update all your billing statements
- Contact us as needed to feel more secure
Do Car Title Loans Have a Mobile App to Help Me Manage My Car Title Loan?
Yes! Mobile app makes it easy to access your account and manage the payment process. It is fast and can make things easy when it comes to managing your loan online.
We have developed an effective way for you to oversee your loan. Our mobile app makes everything possible from the comfort of your home.
With the help of our mobile app and online account management tools you can view:
- Payment History and details
- Basic Account Information that can be updated as needed
- Billing Information and history
- Payment Methods and settings
- Important Messages regarding your loan
Our state of the art technology makes mobile loan management a breeze with these 5 incredible features:
- Billing Information and Balance Checking
This app can help you in so many ways. We want to make it easy so that you can monitor your balance on the account easily and effectively. This is the kind of service that makes it possible to stay on top of your account even if you are working all the time and can’t contact us directly. The interesting thing about this mobile app is that you are also able to view recent transactions and balances as easily as if you came into a store.
- Account Activation and Blocking
Account management is one of the best features of our mobile app. The app has made it easier for you to take these activities in your own hands. Activation and blocking of accounts that you are using are some of the things that can be done easily. Don’t worry about visiting the local store or even calling us. The mobile app is a seamless account management tool that will take you through the process easily.
- Payment Methods
Looking to add multiple payment methods? No problem. This app enables you to make payments from virtually anywhere. Use your credit card, debit card or bank account with ease in the mobile app. Multiple payment methods can be added and authorized with the click of a button. It’s never been faster or simpler to manage your car title loans as well as other locations.
- Important Messages
- With the help of this app, you can easily view messages.
- The app is important because you can be in the know without having to wait for the mail.
- The app is also able to save your credentials so that viewing messages is as fast as possible.
- Pay Online
Need to make a payment? No problem! Making payments online is one of the best things that the app does. Staying on track with your title loans has never been more straightforward. There are a lot of advantages to paying online with the app. You can pay easily and get fast confirmation.
Do Car Title Loans Put a Tracking Device on the Car?
We take pride in the trust we share with our customers, so we don’t feel the need to track everybody down like a loan shark.
When you get an auto title loan you stay in the driver’s seat, literally! During your loan period when you stick to your payment plan, you keep your car to drive like normal, and your name stays on your vehicle title. When your loan is paid off you can get your title back.
What’s a Balloon Payment in a Car Title Loan?
A loan is typically composed of three parts:
There are a few different ways to structure loans. Some companies add up the principal and fees and interest and divide that between however many months the loan should last. Other companies add up the principal and fees and charge you a monthly interest based on the remaining balance; then they let you pay off the loan as quickly as you want. Finally, there are companies that simply charge you the interest on the total loan amount each month. Then, at the end of the loan term the borrower must pay back the principal in one lump sum. That month, their payment balloons in size, hence the name.
One of the problems with balloon payments is they make it difficult for borrowers to pay off the principal of their loan. This can lead to things like rolling the principal into a new loan and making more interest payments. To avoid problems like this, you might want to make sure you’re borrowing from a reputable lender.
Title loans with No Hidden Fees
If you’ve been researching car title loans, you may have been warned about car title loans where they don’t reveal the full cost of the loan. A reputable lender provides car title loans with no hidden fees1. They are very up front about the full cost of the loan.
What Fees are Associated with a Car Title Loan?
The fees associated with a car title loan will vary from lender to lender. One thing there will most likely always be is an interest charge. The amount borrowers will be charged for interest will vary from state to state because some states set an upper limit on the amount of interest you can be charged.
What Happens if I Can’t Pay Back My Car Title Loan?
If a borrower can’t pay their car title loan back, their car may get repossessed. The exact procedure varies by state, potentially even by title loan company. Once the borrower goes into default on their loan, the lender usually gets the right to repossess the borrower’s car.
In some states they are required to give borrowers notice, but not in every state. After the car is repossessed, borrowers may have one final chance to pay the balance of their loan. Otherwise, the car goes to auction. The objective of the auction is to recover the balance of the loan. Depending on the state, lenders may or may not be able to pursue borrowers for additional financial compensation if the auction doesn’t cover the balance of their loan, interest, and fees. Finally, if the auction recovers more than the balance of the loan, lenders may have to return the surplus to the borrower, but not in all cases.
Why Our Customers Care About Our Business Values
It’s easy to see why our customers care about our business values. Simply put, we care about our customers. When looking for an online auto title loan, there will be several lenders to choose from, so it says a lot that so many individuals come to us to handle their financial needs.
Our customers choose to work with us because of our established, outstanding reputation for quality service. We want to help as many individuals as we can, which is why we provide a wealth of information about online auto title loans, how they work, and what people need to consider before securing a car title loan.
We’ve found that being upfront and open about how we operate and the services we provide is appreciated by our customers. Additionally, our customers care about our business values because they enable us to help so many people who have been turned away by traditional financial institutions. We’re not hindered by strict regulatory constraints that hinder big banks, and we take pride in the fact that our financing is secured by the value of our customer’s cars.
Another way we help people is by promoting financial responsibility. One of our big values is being a financially responsible company, and part of the way we do that is by ensuring we don’t make out loans that are more than the market value of the cars that are being used as collateral – and even if the market value of the car is high, we check to make sure our customers can reasonably repay the amount of money they’re asking to borrow before writing any checks.
Our values are focused on the consumer, be we do strive to empower our employees as well. Doing so helps foster a team of people who are happy to provide stellar service to our customers.
Not to mention, that service that our excellent employees provide is fast! We believe in getting money to people who qualify for a car title loan as quickly as possible. We keep our online auto title loan process fast, simple, and straightforward. There aren’t any piles of confusing red tape to work through, and our customer service representatives are happy to walk through every step of the process with every customer.
We’re also accessible and easy to contact. Want to see our business values in action? Give us a call today or head to our website and chat with a representative today. We’re here to help, and that’s why our customers care about our values.
I Received a Solicitation Letter: How Do I Opt Out?
Let us know by email, phone, or by contacting us at the address listed on the letter. You can easily opt out. We don’t like unwanted solicitations any more than you do.
How Do I Get in Touch for a Title Loan?
The process of getting a title loan is very fast and easy1. You can apply for the title loan online. Most of the documents you will need to present may already be in your possession. Our team will assess the equity value of your vehicle and use it as collateral to apply for the title loans.
If you are interested in getting started, you can apply for the loan through your computer, tablet or smart devices. Our title loan application forms are available on our websites for free. Potential borrowers can download them and file for a title loan.
Using your qualifying car title, you may be eligible for a car title loan1. Take advantage of streamlined application process when you submit your information and you may receive your title loan money in as little as 24 hours3.
- Click, Call or Visit
There are multiple ways to begin submitting your information for a loan.
- Go online to our official website homepage
- Call us over the phone at 1-877-787-4923
- Text us using your mobile device at 1-818-315-8741
- Email us
There will be a quick form for you to fill out. We will ask you for information like- your name, date of birth, address, email address and phone number, as well as some other simple identifying questions. The initial info request should only take about 5 minutes. We will only run a soft credit inquiry when determining your qualification. This means that our credit check won’t hurt your credit score!
- Submit Your Documents
Before your loan is finalized, we will need a few documents for you. There may be other documents we need for clarification, but your loan agent will notify you of anything else we may need.
We also offer multiple ways to submit your documents for your convenience. You can email or fax your documents from the comfort of your own home or office.
- Get YOUR Money!
Once we have received your documents, you can sign your loan and receive your money! The entire process can be completed in as little as one business day!3 Choose one of several funding options: electronic deposit, check, MoneyGram, or pick up your money in person at your licensed location.
We set you up for success by providing you the money you need and making sure your payment plan fits your unique financial situation.