Common FAQs Answers

 

What is a Title Loan?

A Title Loan is a loan option for consumers to use their vehicle as collateral. It is a convenient way for people to obtain funds who own their own vehicle.

Does the Title need to be in my name?

Yes, the Title does need to be in your name.

What do I need to apply for a Title Loan?

To apply for a Title Loan, you will need to be: at least 18 years old, have a Car Title in your name, proof of income, a valid State-Issued ID. You will also need to have an active checking account.

Do I need to be employed to obtain a Title Loan?

No. Many of the lenders we work with do not require you to be in employment. They do require you to have a regular income, which you can prove at the point of application.

Can I get a Title Loan with bad credit?

Yes! As Title loans are a collateral loan, your credit history would not be the deciding factor into your application.

Does my car need to be paid off?

No. We work with many lenders who can assist customers who have not fully paid off their car. Some of the lenders we do work with will require it to be paid in full.

What is a Lien-Free Title Loan?

A Lien-Free Title loan is when you own your car outright, with no loans or judgments against it. Your Title would state ‘No Liens’ if there are no outstanding judgments and loans registered against it.

Do I get to keep my car when I get a Title Loan?

Yes. With a Title Loan you would keep your vehicle and be able to use it as normal.

Will my car get repossessed?

As your vehicle’s Title is used as collateral, failure to make payments on time and keep in contact with your lender, could result in a repossession.

When will I get my Title back?

Once you have been accepted and had a funded Title Loan, a lien is placed on your vehicle. The lien is removed once the loan is paid back in full and your Title would be sent back to you from your lender.

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short-term cash loans, title loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we may match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

All lenders are responsible for their own interest rates and payment terms. Title Loan Money has no control over these rates or payments. Use of the words 'competitive' or 'reasonable' does not mean affordable and borrowers should use their own discretion when working directly with the lender.

The number of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this website, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this website because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher-risk loans use a GPS.

In some circumstances, faxing may be required. Use of your cell phone to receive updates is optional.

Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short-term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejection reasons for loans are not disclosed to our firm and you may want to contact the lender directly.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

LeadtreeUSA, Inc. dba Title Loan Money