Get a loan fast for up to 65% of your car's value.
1 (800) Car-Title offers large loans and accepts motorcycle and RV titles, setting it apart from other title lenders. But its high rates — alongside poor reviews of its parent company — mean you might end up paying more than you bargained for.
Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.
What is 1 (800) Car-Title?
1 (800) Car-Title is a short-term lender that offers auto title loans for cars, RVs and motorcycles. Founded in 2001, it’s licensed in eight states and considers applicants with bad credit or no credit history at all.
Car title loans
With a car title loan, you put up your vehicle’s title as collateral for the loan. 1 (800) Car-Title offers loans up to 65% of your vehicle’s trade-in value with minimum that vary by state.
New Mexico: $2,510
South Carolina: $2,000
Loan terms are anywhere from 2 years to 4 years. Terms are longer than most auto title loan lenders offer, but it translates into more interest you’ll pay over the life of your loan — especially with rates that start at 35.5% to 199.99%.
Motorcycle and RV title loans
The process of borrowing a title loan for your motorcycle or RV is similar to getting one for your car. 1 (800) Car-Title works with you to determine the value of your vehicle and the amount you can borrow based on your ability to repay.
What are the benefits of 1 (800) Car-Title?
Reports to credit bureaus. Unlike many short-term lenders, 1 (800) Car-Title reports your payments to the three major credit bureaus, which can help build your credit. But take care to avoid missing payments, which can hurt your score.
Variety of collateral accepted. Despite its name, 1 (800) Car-Title accepts titles for cars, motorcycles or RVs, giving you more flexibility when you need cash.
Refinancing available. If you’re paying on a car title loan with another lender, you might save on interest by refinancing it with 1 (800) Car-Title.
What to watch out for
You can lose your car. All auto title loans come with the same risk: If you’re unable to repay your loan on time or default, the lender can repossess your car.
Limited state availability. 1 (800) Car-Title is available in eight states only. If you live outside of its serviced areas or too far from a store location, you’ll need to find another auto title lender.
High rates. APRs run as high as 199.99%. You could be stuck paying almost $700 a month for a $4,000 loan over four years — a total of about $32,000, most of that in interest.
Your risk losing your car with an auto title loan.
Unlike other short-term loans, auto title loans are secured by the title of your vehicle. By securing the loan with your car, you might see lower rates than those through a payday or installment loan. But you face worse consequences if you’re unable to pay it back, including repossession of your car.
In its terms of service, it provides the contact information of its parent company, Wilshire Consumer Credit, for questions or complaints about the website or 1 (800) Car-Title’s services.
What does the Internet say about 1 (800) Car-Title?
There aren’t many reviews on 1 (800) Car-Title beyond its own page on customer testimonials. However, we didn’t have the best experience when we called the lender to get basic information about its rates and loan amounts. We were abruptly put on hold for over five minutes — at which point we just hung up.
Its parent company, Wilshire Consumer Credit, earns a few reviews — most negative. In fact, its Better Business Bureau (BBB) page not only gives it a B rating but also reports government action against the company.
The state of California took legal action against Wilshire Consumer Credit in 2015 after a series of violations against California’s financial codes. These violations included paying unlicensed people to solicit or accept applications for loans. It failed to provide full records and has been ordered to stop these violations. While this doesn’t mean much for the average customer, it suggests that your information might not be safe when it’s not online.
Beyond this, Wilshire Consumer Credit earns a handful of negative reviews and filed complaints from people who say that Wilshire refused to release their title after a loan was paid in full. Others say they were harassed by employees. While this isn’t 1 (800) Car-Title itself, it doesn’t shed a good light on its business practices.
Am I eligible?
1 (800) Car-Title doesn’t have require strict eligibility criteria, but you must meet general requirements:
You own a car worth more than you want to borrow.
You have a regular source of income.
You are at least 18 years old.
You may need to provide government-issued ID, a copy of your car title and other personal information alongside your application.
How do I apply?
Apply for a loan by phone or through the 1 (800) Car-Title website:
Visit 1 (800) Car-Title’s site and complete the form at the top of the page.
Complete information about yourself and your employment, including your Social Security number, driver’s license number, VIN and income. Then click Submit.
Write down your customer code. A representative will call to finalize your application, or you can call 1 (800) Car-Title with your Customer Code for immediate help.
I got an auto title loan. Now what?
Once you have your loan, it’s time to budget for repayments through methods that include:
Automatic bank account transfer
Western Union and MoneyGram
Budget carefully, as you risk losing your car to repossession for failing to make regular payments. You may also pay a fee for late payments, although the exact amount depends on your state and loan terms.
To save on interest, pay off your loan at any time with no prepayment penalty. Larger payments or simply repaying your loan in full when you’re ready can save you hundreds or even thousands of dollars in interest over the life of your title loan.
This established lender offers competitive rates for qualified borrowers and accepts more than just cars as collateral.
But take care: Auto title loans are expensive. And with so many negative reviews of its parent company, read your loan terms carefully before signing a contract.
Frequently asked questions
Yes. Your cosigner must also apply and provide ID, proof of residence and proof of income.
Not necessarily. While it’s easier to get approved with a lien-free title, 1 (800) Car-Title is willing to work with you if you have a few payments left on your car loan.
1 (800) Car-Title serves borrowers in Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina and Utah.
Not every state requires lenders to outline a full schedule of fees. If you have questions about the potential cost of your loan, call 800-227-8485 to speak to a representative.
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