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Frequently Asked Questions

As you may be aware, many banks are being lender-unfriendly when it comes to loans. But, there are alternatives to going to a bank or using a credit card and putting yourself deeper in debt. Why not consider taking out these types of loans: car title loan, motorcycle title loan, signature loan, or personal loan. Not at a bank, but at a loan location that only specializes in these types of loans. You may have many questions, and this FAQ sheet will help answer many of them.

    What is a Title Loan?
  • A title loan (sometimes called a pawn loan in several states) is a fast and easy way to obtain cash within 30 minutes. Whether you get a car title loan or a motorcycle loan, basically the car and/or motorcycle is used as collateral. The vehicles are appraised, and you are given the cash you need within 30 minutes.
    • Do Title Loans Have High Interest Rates?
  • Some do, however, if you do your research you will find there are many competitive loan centers that can accommodate you.
    • Will My Credit History Affect the Loan Process?
  • No. Your credit score is not a factor. As loan as the vehicle is paid for and you have the title, good or bad credit is not a consideration. As long as the car is lien-free, that is, no outstanding loans or judgments, you can get your loan.
    • How Much Cash Can I Receive?
  • You can receive up to $10,000 in most cases; however, it depends on the appraisal of the car, if you intend to get a car title loan.
    • Do I Need to Be Employed?
  • No. However, you do need to have some type of income albeit retirement, pension, disability, or unemployment.
    • How Do I Get Approved for a Title Loan?
  • You need the have a lien free car or motorcycle title; and an ID issued by the government.
    • What if I Already Have a Title Loan?
  • Your loan center will pay off that loan and refinance your title loan with a lower rate.
    • How Long Do I Have to Pay Off the Loan?
  • Paying off your loan depends upon the state laws. In some states, they will accept cash, certified checks, and money orders. This is the safest way in which to pay back a loan.
    • If I take Out a Title Loan, When Is the Title Returned?
  • Your title will be returned upon full payment of the loan.