FAQs

Frequently Asked Questions

Answers to Your Common Title Loan Questions

A car title loan is a type of secured loan where the borrower uses their car’s title as collateral to obtain cash.

The amount you can borrow depends on the value of your car and your ability to repay the loan. Typically, car title loans range from $1,000 to $10,000.

To get a car title loan, you must be at least 18 years old and own a car with a clear title. You will also need to provide proof of income and residency.

The application process for a car title loan can take as little as 30 minutes. Once approved, you can typically receive the funds within 24 hours.

If you can’t repay your car title loan, the lender may repossess your car. However, most lenders will work with you to create a repayment plan that fits your budget.

Make sure to read the terms and conditions carefully before signing the loan agreement. Some lenders may charge additional fees, such as processing fees or early repayment fees.

Yes, you can still drive your car while you have a car title loan. However, the lender will hold onto the car’s title as collateral until the loan is repaid in full.

Yes, car title loans are available to people with bad credit. Since the loan is secured by your car’s title, lenders are often more willing to lend to people with less-than-perfect credit.

Most lenders allow you to make payments online or in person. Make sure to ask your lender about their payment options and due dates.

To get started with a car title loan, fill out an online application or visit a lender in person. Make sure to have all the required documents and information ready to speed up the process.

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