Frequently Asked Questions

The first step is to fill out the quick pre-approval web form. Our lenders will ask for a full application if it looks like you have a strong possibility of getting the loan. The pre-approval web from is only a few questions and will tell us about you and your vehicle. Once we know this, we can figure out what lender will work for you and connect you to that lender. In some cases the lender may tell us the pre-approval amounts and ask us to help you with the process… to a point. The very private information will be between you and your lender and not us. Once you know how much you could be approved for you have the option to choose if you want to proceed, if not there is no obligation or cost to you. If you get the loan, then you would pay the lender, not us, for the loan and interest and any fees incurred.

A Car Title Loan is a short-term secured loan. Secured by the equity in the vehicle title that is used as collateral, title loans can be a fast way for people to get funding even if they have poor or no credit. 

The Car Title Loan process is known for being fast and efficient. Many people who are approved receive their money the same or the very next business day. Title Loans are available 7 days a week, so you can get started whenever the time is right for you.

No! You do not always need a bank account in order to get a car title loan. If you want to pick up your money in person, feel free to go to any MoneyGram location nearest you.

With a payday loan, it is typically required that the money be paid back within a very short period of time, which is not always convenient for everybody. A car title loan can be fast funding like a payday loan, but with auto title loans you don’t have to pay back the entire loan in one payment right away. 

• Govt. issued photo ID (Like an I.D. or Driver license).
• F Free and Clean Title in most cases but some lenders will allow a small amount to pay off on your behalf.
• Three references not related to you.
• Insurance.
• Social Security Card (or a Document on which your name and SSN both are listed)
• A checking account may be needed in some states (we can help on this too!).

Not at all. That is one of the great things about a car title loan. You can have little, bad or even no credit at all.

You have to have some sort of income period. We are more concerned about the fact that you have a way to pay the loan then the question if you are employed. You can be self- employed, or even receive income from some source other than an employer but we will require that you show there is some income to cover the payments.

Yes. You can even be on disability. The key issue is that you have a source of income to pay the loan.

You will get a release of the lien upon paying off the loan and you can then attach this to your title or send it in to the Secretary of State to have a fresh title without the lender on there.

This is a great question so let’s discuss it openly. The fact is you are using your vehicle to get a loan. You are telling the lender that should you not pay the loan, that they can get the vehicle from you for sale so they can pay off the loan and give you the remaining proceeds if any. The fact is most lenders dislike doing this and it us used as a very last resort because not only is it very expensive to do this but also they know that you will never want to be a customer again. They also know that they will lose money when they auction it off and the end result is no-one wins! Most Lenders will do whatever they can to make sure that you can pay this loan and you will return as a happy customer. They want your word-of-mouth business and to do this they have to lend responsibly and you have to borrow the same.

Well that’s a maybe. Most lenders we work with can incorporate the last couple payments into a car title loan but this is only done on newer cars.

This varies but we want to give you a pretty clear answer here. Title loans are high interest loans and are meant for short term needs. Interest rates vary by company and by state. Some are as low as 52% per year compounded daily and some go into the 200-300% range per year. In our experience we have seen an average of about 96% per year compounded daily. The best way to think about this is take out one dollar and you pay back a little less than two… if you kept the loan out for a whole year. You can triple that if you take it out for 3 years.

In the Los Angeles area and parts of Florida and Texas yes. All other areas no.

100% yes. The lenders do not hold your vehicle at all.

No. One loan, one car, one person. If you are married and the title is in both of your names, each person can get a car title loan seperately in most cases and the ability for both of you to repay the loan.

Yes. If you are traveling out of state, you will need to sign the paperwork in the state of which you live.

We use the standard and the enhanced information. The standard information is the vehicle mileage, year, make and model but we go further with our enhanced process and add to it the color of the vehicle, the condition, the edition of the model, the engine size and the options that the vehicle has installed like a sunroof or if it has leather seats. The more you tell us about your vehicle the greater we can give you a loan amount to the max