AutoTitleLoans

Overview

AutoTitleLoans.com is a lender-connection service that can help you find an auto title loan for $1,000 to $35,000. All you have to do is request a loan online, describe your car and wait to be paired with a lender. If you’re approved, you can receive your loan as soon as the next business day.

A car title loan is short-term funding where your vehicle is used as collateral to secure the loan. If you have bad credit, you may still qualify for this type of financing. Lenders are standing by. This financial product is not available in every state. Finding out if we can connect you with a lender is as simple as filling out our short, hassle-free form.

Loan Features

A car title loan is short-term funding that uses your car as collateral. Through our site, you can request anywhere from $500 to a loan over $10,000. Those who cannot qualify for a traditional loan are sometimes able to find money through this type of borrowing. Read on for more information about this financial product.



How Your Automobile is Used as Collateral
Depending on the lender, you can secure your loan with a car, truck, or even a motorcycle. Here’s how it works: Before you get your loan money, the lender will put a lien on your car title, which means the lender receives the right to own your car. You still get to drive the car, but until you pay back the loan, the lender owns it.

Bad Credit? Start Here
Providers tend to offer a loan amount that is around 50 percent of your car’s current value. If you are unable to pay back the loan, the lender can take your car and sell it. This ensures that the loan provider will not take a hit if you default on the loan, which in trade means that the loan is less risky for the lender. This is why those with poor or bad credit may still qualify for car title loan.



Our Process
It is our goal to connect you with a loan provider. For this purpose, we have created a state-of-the-art platform for connecting lenders to borrowers. Everything starts with our form. After you put your information into our loan request form, we will attempt to connect you with one of our partners. The entire process should only take a few minutes. Our service is free to use.

Our form contains a few different sections:

Vehicle Information – This is where you tell us about your car, including the year, make, model, style, mileage, and whether you have paid it off yet.
Personal Information – We need to know a little about you, like your name, address, and birth date.
Employment Information – Our lenders require accurate information about your employment status.
We protect your personal data with the latest encryption technology. We are not a lender. It is our job to find you a provider that offers this type of funding. We work with many such lenders.

The AutoTitleLoans.com Difference
We created a network of trusted auto title loan lenders. If you enter your information into our system, you could be connected with one of these reputable lenders. Our technology makes this process run smooth, fast, and safe.

After you are connected with a lender, they may require you to get your car inspected. The inspection center will likely be within a few miles of your house. You will also need to fill out a little bit of paperwork. The lender will then choose whether to offer you a loan. If your car is not completely paid off, you may still be able to qualify for this type of funding. In some cases, the lender may offer you a loan package that helps you pay off your car.

Application Process

Before you use our site to ask for funding, please check and make sure you meet our requirements:

You must be at least 18-years-old.
You need to have a regular source of income. That doesn’t mean you need to be actively employed, but you should generate enough revenue that you will be able to pay off your loan.
You need to own a car, truck, or motorcycle.
Your lender will likely have additional requirements.

AutoTitleLoans is not a direct lender, but it is our job to process your loan request and hopefully connect you with a lender. If you do find a loan source, you could receive your money in as little as one business day.

If you are connected with a lender after filling out our loan request form, they will likely ask you to bring your car to an authorized inspection center. Our lenders try to make this process as convenient as possible by partnering with local auto shops all across the country.

The inspection location may be within a few minutes of your home. The checkup should not take much of your time. If you have any questions about your specific car title loan inspection location, please reach out to your lender directly.

Repayment Terms

Your lender will tell you exactly how you are supposed to repay your loan. Since payment options can change according to the lender, it is important to read over your loan agreement to understand how to pay back your loan.

Generally speaking, a car title loan is a short-term loan, which means that the loan’s due date will arrive sooner than it might for other types of funding. As an example (again, your situation may be different), a borrower may have 30 days to pay back their loan. If you are unable to repay your loan on the due date, the lender may let you refinance the loan for another loan term. The loan will likely get more expensive. Some borrowers refinance their loans multiple times, only to find that the interest and fees have ballooned to the point where they owe more on the car than it is worth.

Alabama
Maximum Loan Amount: No limit
Cost Limit: Lenders may charge 25 percent per month.
Fees: Not applicable
Term Limit: One month
Prohibited: Lenders may not charge for or sell insurance.
Title Required: No

Arizona
Maximum Loan Amount: No limit
Cost Limit: On loans of $500 or less, the limit is 17 percent per month. On loans from $501 to $2,500, the limit is 15 percent per month. On loans of $2,501 to $5,000, the limit is 13 percent per month. On loans greater than $5,000, the limit is 10 percent per month.
Fees: Doc fees are prohibited. The lender can charge a late fee of up to 5 percent of the unpaid balance on the bill ten days after the due date.
Term Limit: No limit
Prohibited: Not applicable
Title Required: See Arizona Motor Vehicle Time Sales Disclosure Act

California
Please note that auto title lenders in this state structure their loans in a way that they are regulated by credit laws not associated with car title loans.

Delaware
Maximum Loan Amount: No limit
Cost Limit: No limit
Fees: Not applicable
Term Limit: The loan term cannot exceed 180 days.
Prohibited: Lenders may not threaten criminal action or advertise a teaser rate.
Title Required: Yes

Georgia
Maximum Loan Amount: No limit
Cost Limit: For the first three months, the lender can charge up to 25 percent per month. After that, they can charge 12.5 percent.
Fees: The lender may include a lien fee on top of other charges.
Term Limit: The loan last for 30 days, but this can be extended
Prohibited: The product may not be advertised as a loan.
Title Required: Yes

Idaho
Maximum Loan Amount: The lender may not offer more than the value of the vehicle.
Cost Limit: No limit
Fees: Not applicable
Term Limit: Terms can be set to 30 days each. On the third renewal and each time thereafter, the customer must pay 10 percent of principle.
Prohibited: Lenders may not offer a loan to a customer who does not have a clear title.
Title Required: Yes

Illinois
Maximum Loan Amount: The lender can offer a maximum of $4,000, or up to half of the customer’s monthly income.
Cost Limit: No limit
Fees: The lender may not require a check cash fee
Term Limit: The lender must offer equal installments. There must be 15 days between loans. The customer may renew one time if they pay at least 20 percent of the principle.
Prohibited: Balloon payments are not allowed.
Title Required: Yes

Kansas
Please note that auto title lenders in this state structure their loans in a way that they are regulated by credit laws not associated with car title loans.

Louisiana
Please note that auto title lenders in this state structure their loans in a way that they are regulated by credit laws not associated with car title loans.

Mississippi
Maximum Loan Amount: Lenders may not offer more than $2,500
Cost Limit: Lenders may not charge more than 25 percent per month.
Fees: Lenders are allowed to require a sales fee.
Term Limit: Loan terms cannot exceed 30 days, but customers may renew if they pay 10 percent.
Prohibited: Title loans cannot be paid off with another title loan. Lenders may not sell insurance.
Title Required: Yes.

Missouri
Maximum Loan Amount: Lenders may not offer more than $5,000.
Cost Limit: No limit
Fees: Lenders may charge a $25 non-sufficient fund fee, as well as origination fees.
Term Limit: Loan terms may not be less than 30 days. On a customer’s third renewal, he or she must pay at least 10 percent of the loan.
Prohibited: Lenders may not require a waiver of rights. Customer must have clear title. Lenders may not use the words “pawn” or “pawnbroker.”
Title Required: Yes

Nevada
Maximum Loan Amount: Lenders may only offer up to the value of the automobile.
Cost Limit: No limit
Fees: Lenders may charge a non-suitable funds fee, but no additional fees.
Term Limit: Loan terms cannot surpass 30 days. Loans can be renewed up to six times.
Prohibited: Lenders may not use criminal threats.
Title Required: See Nev. Rev. Stat. § 604A.105

New Hampshire
Maximum Loan Amount: Lenders may offer up to $10,000
Cost Limit: Lenders may charge up to 25 percent interest each month, as well as a lien fee
Fees: Lenders may charge one non-suitable fund fee per check. After a payment has been late for 10 days, a lender may charge one late fee of up to five percent of the installment.
Term Limit: The original term can be up to one month. The customer is allowed up to 10 renewals as long as they pay at least 10 percent of the loan.
Prohibited: The lender may not offer a loan to anyone who has had an outstanding loan within 60 days. Lenders must allow a borrower to cancel the loan within one day. Lenders may only secure one loan per title.
Title Required: Yes

New Mexico
Maximum Loan Amount: Lenders may offer up to $2,500.
Cost Limit: No limit
Fees: After a loan has been late for 10 days, the lender may charge up to a five percent late fee.
Term Limit: Loans are limited to a single installment term.
Prohibited: Not applicable
Title Required: Yes

South Carolina
Please note that auto title lenders in this state structure their loans in a way that they are regulated by credit laws not associated with car title loans.

Tennessee
Maximum Loan Amount: Lenders may offer up to $2,500.
Cost Limit: Lenders may charge up to one-fifth of the loan amount, plus two percent per month.
Fees: Not applicable
Term Limit: Loan terms are limited to 30 days but may automatically renew. On the third renewal, the customer must pay five percent of the original principal plus interest and fees.
Prohibited: Lenders may not offer a loan on a title that is already encumbered. Lenders cannot offer insurance.
Title Required: Yes

Texas
Maximum Loan Amount: No limit
Cost Limit: Lenders may charge up to 10 percent interest, but there is no limit on the fee charged.
Fees: Not applicable
Term Limit: The loan term cannot exceed 180 days.
Prohibited: Not applicable
Title Required: Yes

Utah
Maximum Loan Amount: Lenders may offer up to the value of the automobile.
Cost Limit: No limit
Fees: Not applicable
Term Limit: Borrowers can renew loans.
Prohibited: Lenders are not allowed to offer a loan if the borrower has no ability to repay the loan. Loans cannot be rolled over except on request. Lenders may only offer one loan per vehicle.
Title Required: Yes

Virginia
Maximum Loan Amount: Lenders may offer up to half of the value of the vehicle.
Cost Limit: If the outstanding balance of the loan is $700 or lower, the lender may charge 22 percent per month. If the outstanding balance of the loan is $701 to $1,400, the lender may charge up to 18 percent per month. If the outstanding balance is greater than $1,401, the lender may charge up to 15 percent. The lender may also charge a lien fee.
Fees: After a payment has been late for seven days, the lender may charge a five percent late payment fee.
Term Limit: The loan term must be at least 120 days and can be up to 12 months. Rollovers and renewals are not allowed.
Prohibited: A lender may not offer a loan if the vehicle already has a lien. A lender may not charge prepayment penalties. A lender may not offer loans to active-duty military.
Title Required: The lien needs to be filed with the DMV.

Wisconsin
Maximum Loan Amount: The lender may offer up to half of the value of the vehicle up to $25,000.
Cost Limit: No limit
Fees: Not applicable
Term Limit: The loan term cannot surpass six months.
Prohibited: The lender is not allowed to require that the borrower provide a vehicle key as security.
Title Required: Yes
For more information on your state’s lending laws, please visit your state’s website or contact your state’s department of finance.

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