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Title Loans For The Unemployed
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is it hard to get title loan

Is It Hard to Get a Title Loan?

No, it is actually very easy to get a title loan if you own your car free and clear with no liens. You can use the value of the vehicle to borrow money against it.

A car title loan is a type of secured loan which uses any equity built up in your vehicle as collateral. While you may have found it difficult to get approved for an unsecured loan in the past, a title loan is a lot easier to get approval for, as the equity in your car provides security for the loan.

Unlike regular unsecured loans, you do not need to have a very good or excellent credit rating for approval.

Sure, you will be asked to provide employer or income information and your ability to make the payments will be considered; but, your credit history is not as much of a factor when applying for a car title loan.

Depending on the lender, you can usually borrow up to 60%-70% of the value of your car. This could also vary depending on the state in which you live.

For example, California sets a cap on car title loans at 36% of the value of your vehicle. Therefore, you will not be able to borrow as much in California as you may be able to in other states like Texas.

Requirements for a Title Loan

Applying for a title loan is relatively easy, and in most cases can be done online for free. You should be prepared to provide:

  • A title proving that the vehicle is paid off
  • You will be asked about your employment history or your source of income, like unemployment
  • Proof that you are able to make the payments
  • You must provide accurate information concerning the year, make, and model of your car to determine its value.

How Does the Online Application Process Work?

  • Fill out and submit your application through the easy online form.
  • You may be asked for additional information after your initial submission.
  • Underwriters or a loan representative will take a look at your application and talk to you about a loan amount.
  • Upon approval, you can get your money within 24 hours.
  • You can continue driving your car as normal, but you need to turn in your title to secure the loan.

How Can I Benefit from a Car Title Loan?

There are many benefits of an online car title loan:

  • The online application is easy and very fast.
  • The loan contract is very easy to understand.
  • Borrow only as much as you need.
  • You can receive your cash very fast – usually within 24 hours.
  • Your credit history isn’t an important factor.
  • You may even be approved with no credit.
  • Keep driving your vehicle as usual.
  • Make early payments anytime you want.

Understanding Fees and Interest Rates of a Car Title Loan

Interest rates and fees are generally higher than unsecured loans, but they will not be as high as many other types of secured loans or payday loans.

In fact, many of the fees and rates a lender can charge are regulated by the state you live in, which make rates and fees more reasonable.

It is always best to check with your lender when applying to help you determine if a car title loan is best for you.

Before you accept the loan, make sure you understand what the payments will be, the fees included, and how fast you may be able to pay off the loan.

You should not be penalized for making early payments, but always make sure you are able to do so without penalties.

Apply for a Car Title Loan Today

Car title loans are a great option and are not hard to get if you need fast cash in a pinch. Now that you know the answer to “is it hard to get a title loan,” submit a free online application today and receive your needed cash within 24 hours.

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Car Title Loan Requirements

Car Title Loan Requirements

Are you facing an urgent need for cash? Do you own a car?

With a steady source of income and valid government-issued identification, you can get a quick loan. You can apply online for a loan using your car as collateral if your vehicle documents are accurate and up to date. Let us see how.

Requirements to Get a Car Title Loan

  • Proof you own the car, it is fully paid off, and the title has no liens
  • Up-to-date government-issued driver’s license or state ID
  • Reliable way of contacting you
  • Proof of income (from a job, unemployment, or other source of income)

You Need to Get a Title Loan Using Your Car’s Value

Getting a loan using your car as collateral is a straightforward and simple process. Once you meet the basic requirements, processing your loan will only take a short time. You need to have the following car title loan requirements and documents for approval of your loan.

Car Title Loan Requirements


Proof of Full Ownership of the Car

The car title in your name is the proof that you are the sole owner of the vehicle. Proof that the car is fully paid off is also a requirement. Additionally, the car title must not be collateral against any other loan.

Reliable Means of Contacting You

You can do your car title loan application over the internet on our website for free. Then a loan representative will get in touch with you. So, you will need to have a reliable phone to receive calls for guidance on the rest of the loan application process.

Up-to-Date and Valid Driver’s License

The loan company will require a copy of your driver’s license or state ID before giving you the car title loan. Your form of ID must be valid and up to date. Expired IDs are not accepted.

Proof of a Steady Source of Income

The loan provider needs assurance that you can repay the loan. Therefore, you must prove that you have a stable source of income. This can be pay-stubs from your job, unemployment paychecks, etc. You can talk to the lender to explore other income alternatives available.

Vehicle Registration and Insurance Documents

You will be getting a personal loan against your vehicle. It is, therefore, necessary to prove that the car registration is in your name. The car must also have a valid insurance plan. Both the insurance and registration details must be up to date.

Hand Over the Car Title

You will not hand over your car to the loan company. Your vehicle will remain in your possession to drive during the time you will be repaying your loan. But the possession of documents will have to stay with the loan company.

Personal Identification Documents

As with all types of loans, you will provide the lending company with your official Government Issue identification documents.

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Do You Need a Perfect Credit Score to Get a Car Title Loan?

A less than perfect credit history is not a reason that will lead to disapproval of your application of a loan against your car. Once you meet the car title loan requirements mentioned above, you should qualify to receive your cash loan.

$$$ Get Your Money $$$

Getting a loan against your car title is one way you can get out of your financial troubles. You only need to provide a few documents and have a regular source of cash.

Don’t allow financial troubles to give you a headache or stress. Just be sure to understand the requirements and apply online for a short-term loan using your car as collateral now!

You can also give us a call at: 866-642-8718

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title loan laws by state

Title Loan Laws by State

Since 01/31/2018, car title loans are legal in 23 states. In a few states, which include Kansas, Louisiana, and South Carolina, vehicle title lending works through legal loopholes.

It is important to check with your state for their latest and most up-to-date title loan law information because the laws can sometimes change.

To check your state’s legislative website, click the appropriate citation state link below:

AlabamaAla. Code §5-19A-1 et seq.
ArizonaAriz. Stat. 44-281 et seq.
DelawareDel. Code Tit. 5 §§ 2250 et seq.
FloridaFla. Stat. 537 et seq.(537.001-537.018)
GeorgiaGa. Code §§ 44-12-130et seq.
IdahoIdaho Code Ann. § 28-46-501 to -509
IllinoisIL Admin. Code Tit. 38, §§110.300-430
KansasKan. Stat. Chap. 16a Article 2
KentuckyKy. Rev. Stat. 286.9-010 et seq.
LouisianaRS 9:3578:1 et seq.
MississippiMiss. Code §§ 75-67-401 to -449
MissouriMo. Rev. Stat. §367.500-367.533
MinnesotaMinn. Stat. § 47.60 et seq
MontanaMont. Code 31-1-701 et seq.
NevadaNev. Rev. Stat. § 604A.105
New HampshireN.H. Rev. Stat.§ 399-A
New MexicoN.M. Stat. Ann. §§ 58-15-1 to -38
OregonOr. Rev. Stat. Ann. § 725A.101 et seq.
Rhode IslandR.I. Gen. Laws §19-14.1-1 et seq.
South Carolina34-39-110 et seq.
South DakotaS.D. Codified Laws Ann. §§ 54-4-70 to 72
TennesseeTN Title Pledge Act (§ 45-15-101 to § 45-15-120)
TexasTex Fin. Code tit.5 §§ 393.001-393.628
UtahUtah Code §§ 7-24-101 et seq.
VirginiaCode of Virginia Tit. 6.2 Chap. 22
WisconsinWis. Stat. § 138.16

About Car Title Loans

A title loan is just a fancy way to describe the act of borrowing money against the value of your car. Every vehicle has equity on which you can take out a loan.

A title loan differs from a bank loan because it’s more accessible to those who are suffering from poor credit, aren’t employed, or are facing bankruptcy.

Essentially, title loans allow borrowers to take out money by using the title of their vehicle as a form of collateral. You’ll still be able to use your vehicle and get access to cash that you need.

The particular requirements to receive a title loan vary between lenders and states. Normally, lenders will take into consideration things like the value of the vehicle and the income of the borrower.

Who Should Get a Title Loan?

Not everyone should take out a title loan. Learn more about what makes a title loan worthwhile for certain people.

Age is one of the most fundamental requirements for getting a title loan throughout the country.

You must be at least 18-years-old and be in possession of a vehicle title in your name that is lien-free. Some states have opted to ban title loans entirely.

Others allow title loans in a similar way as short-term lenders or pawnbrokers. Many states have passed specific laws that determine what title lenders can and can’t do.

Some of these regulations set specific limits for interest rates or loan amounts.

For example, New Mexico doesn’t allow people to borrow over $2,500.

In Nevada, income is the determining factor when it comes to borrowing limits. The monthly loan payment isn’t allowed to be more than a quarter of a borrower’s pre-tax income.

Each State Has Different Title Loan Laws

While some states lay out clear guidelines in regards to title loans, others don’t have any limits on how much can be borrowed.

Regardless, borrowers need to remain vigilant when signing anything. It’s important to understand your obligations since title loans are serious, short-term loans.

This means that borrowers will probably have to pay significant interest rates in a short amount of time. Some lenders and states might offer an extension.

However, others will maintain the right to take your vehicle even after the first payment is missed.

Laws for Repossession

If you’re borrowing in New Mexico, your vehicle ca get repossessed after a default. In Kansas, however, lenders must wait a minimum of 10 days following any missed payments before moving towards repossession.

Additionally, the first step must be to give the borrower another 20 days to make a payment. Some states even force lenders to offer borrowers a chance to pay their loan balance in order to prevent their vehicle from entering into the used-car market.

Keep in mind that you might still owe some money even after a lender has repossessed the vehicle.

While it depends on your state’s laws, you might be on the hook for the difference between the selling price of your vehicle and what you owe.

Some state laws determine whether any excess money from a sale is given to the lender or the borrower.

The laws surrounding title loans vary between each state. It’s important to become familiar with the obligations and rights surrounding your situation before registering for a loan.

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Do Personal Loans Affect Your Credit Rating?

If you are planning on looking into applying for a personal loan, you may be wondering what kind of effect it will have on your credit rating.

If you are wondering if it will have any sort of impact, the short answer is yes. However, when you repay an online personal loan and make each payment on-time, you can end up improving your credit scores in the long run.

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Collateral Loans

If you have limited cash or bad credit, then you may think that it is impossible for you to get a loan. However, you may still be able to get a collateral loan.

Most of us will have a financial emergency at some point in our lives. A financial emergency can be handled with a quick loan. You can also take funds from your savings account.