Auto Title Loans Personal Loans

Auto title loans

Information verified correct on April 24th, 2017

Your car can do more than get you from one place to another – find out the benefits of auto title loans.

If you’re in need of a loan but unsure of your options because of your credit score, low income, or any other reason, you may want to consider an auto title loan. These loans are attached to the title of your car and let you access credit that is repaid in the short-term.

Find out how these loans work in the guide below where we’ll address fees, features, and eligibility criteria, and how you can apply.

Check City Auto Title Loan

Check City Auto Title Loan

The Check City Auto Title Loan allows you to apply for a loan and have your applicationsecured against your auto title.

  • Min. Loan Amount:
  • Loan Term: Varies
  • Turnaround Time: Next Day
  • Total Costs: Depends on state of residency.
  • Must be 18+
  • Confidential and secure!

    Auto title loans you could apply for with bad credit

    A selection of loans you can apply for

    Here are some loan providers that you can apply to. Note that the max loan amount is based on the lender’s max amount. The amount will vary based on your state of residence.

    Rates last updated April 24th, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    APR Maximum Loan Amount Term of Loan Turnaround Time
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    260.71% $1,000 Varies by state 1–2 business days Same rates
    everywhere
    Go to site More
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000 Varies by lender Next business day Same rates
    everywhere
    Go to site More
    Check City Payday Loan
    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
    214.71% Depends on state of residency Varies by state Next day Same rates
    everywhere
    Go to site More
    CashNetUSA Loan
    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
    201.32% $2,250 Varies by state 1 business day Same rates
    everywhere
    Go to site More
    OppLoans Installment Loans
    Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
    59% $5,000 9 to 24 months 1 business day Same rates
    everywhere
    Go to site More
    Cash Central Payday Loan
    Offers high-APR cash loans of up to 32 days deposited directly into your checking account.
    0% $5,000 Varies by state 1–2 business days Same rates
    everywhere
    Go to site More
    ACE Cash Express Payday Loans
    An array of services in 1,000 locations include short-term, installment and title loans with terms that vary by state.
    0% Varies by state Varies by state Generally receive the money the next business day Same rates
    everywhere
    Go to site More
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required.
    $250 7–30 days 1 business day Same rates
    everywhere
    Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    A selection of lender matching services you can apply with

    These lender matching services are not lenders, loan brokers or agents for any lender or loan broker. They also do not make credit decisions. They focus on trying to match you with a lender that might be able to provide you the funds you seek. Note that the max loan amount is based on the matching services max amount, but it will vary based on your state of residence. If you proceed with one of these services, confirm that the lender is reputable by checking with your local government.

    Rates last updated April 24th, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    APR Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    Fast and easy approval for people with bad credit. Qualifications are straightforward and simple.
    5.99% $5,000 Varies based on lender Varies based on lender Go to site More
    CashAdvance.com Payday Loans
    Whether for an emergency situation or an unexpected expense, Cash Advance may be able to match you with a lender to fit your needs.
    200% $1,000 Up to 12 months 1–2 days Go to site More
    Accredited Debt Relief
    Offering free consultations, Accredited Debt Relief can help you lower your monthly payments and interest rates or get out from under serious debt. Call 1-877-569-5675.
    0% Varies based on lender On average a settlement lasts 2 to 4 years. Varies by lender Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    How do auto title loans work?

    Auto title loans, also referred to as pink slip loans, title pledges, or title pawns, are loans that are secured to the title of your vehicle and designed to be repaid in the short term. Keep in mind that if you don’t keep up payments on this convenient line of credit your vehicle can be repossessed and sold. Lenders that provide these loans usually require that you have a lien-free title, which means there are no pending loans attached to the vehicle’s title.

    After you apply you may have to take your vehicle to a physical location to get it appraised. You will usually be offered an amount that is 25-50% the value of the car. Auto title loans allow you to keep full access to your vehicle and the lender only holds the title of the vehicle as security.

    Once you get the approved funds you have to start making payments as per a predetermined payment plan, which is typically in installments.
    Get a Cash Loan Quick or Learn a bit more?

    Some benefits that come with a car title loan

    When you’re comparing auto title loans consider these aspects:

    • Interest rate and fees. The interest rate can have a big impact on the overall cost of the loan. Even a small difference in percentage can result in your paying hundreds of dollars more. Be on the lookout for fees, which can also drive up the cost of your loan.
    • Loan amount. The amount you can borrow depends on how much your car is appraised for by the lender and the maximum loan amount set by the lender. Generally, you can borrow 25-50% of the value of your vehicle, which usually amounts to a loan of between $100 to up to $10,000.
    • Loan term. The loan terms differ between providers and states, but are generally quite short.
    • Payment flexibility. Find out if a lender lets you make payments that match your pay schedule. This might be weekly, bi-monthly, or monthly.
    • Making extra payments. Some lenders charge penalties or fees if you decide to make additional payments, or if you decide to repay the loan ahead of time. If you can repay a loan before schedule without incurring any additional costs you can save in interest.

    Same Day Payday Loans

    Have you weighed the benefits and drawbacks?

    • The risk factor. If you don’t make timely payments, or if you cannot repay the loan, the lender has the right to take possession of your vehicle.
    • High cost. While these come with a lower cost compared to payday loans, they are still costly when compared to standard loans. Consider if you can afford the repayments.
    Auto title loans for military personnel

    Servicemembers and their dependents are protected under special provisions of federal law and a Department of Defense rule. These provisions relate to payday loans, tax refund anticipation loans, and vehicle title loans. According to these provisions the military APR for car title loans cannot exceed 36%. This applies to all title loans with terms of less than 181 days, and most fees and charges are included in the rate.

    Things to avoid

    • Add-ons. Lenders may offer add-ons with the loan, such as roadside service plans, that can increase the cost of your loan. These add-ons may be a requirement of the auto title loan, so it’s important to find out the value of the add-on in relation to its cost before agreeing to it.
    • Taking on a loan you can’t afford. If you think you may have trouble paying off the loan in a timely manner you may want to avoid taking it. If you don’t keep up your payments you stand to lose your vehicle and lose creditworthiness.
    • Rolling over the loan. If you can’t pay off your loan in the original term set out in your contract — for example, 30 days — the lender may allow you rollover your loan. If you elect to rollover your loan you will be charged additional fees and interest. If you do need to rollover your loan make sure the amount is affordable otherwise you could get stuck in a cycle of borrowing and debt.
    • Not reading the terms and conditions. Make sure you go through the terms and conditions of your loan carefully. This should give you a clear indication of how much the loan might end up costing.

    How to apply

    Applications can be submitted online or in person. If you’re looking to get your cash on the same day your best bet is to go to an auto title lender in person. In person or online you will need to meet some qualifications:

    • Be a US citizen or permanent resident
    • Live in a state that allows auto title loans
    • Meet the age requirements of the state you’re living in (usually 18-21)
    • Have steady income
    • Own your car outright

    If all of the requirements are met there are just a few steps to apply:

    • Go online or in person to a lender
    • Provide your name, date of birth, address, and email address
    • Show state-issued ID or enter the information if applying online
    • Give details about your employment status and income
    • Have your vehicle evaluated

    If you apply online you will have your vehicle evaluated in person at one of the lender’s physical locations. Usually this happens the next business day.

    Questions we’ve been asked about auto title loans

    What eligibility criteria do I have to meet to qualify for an auto title loan?

    These criteria differ between lenders, but generally you should be an American citizen or a permanent resident of the US, meet your state’s minimum age requirement (usually 18-21), and demonstrate and ability to repay the loan.

    What details do I have to provide to get an auto title loan?

    You’ll need to submit a clear title that shows you are the owner of the vehicle. The application will require information about your employment and income and you’ll also have to complete an identity check using your driver’s license, passport, or state-issued ID.

    Are auto title loans the same as auto pawn loans?

    Yes, these essentially refer to the same loan type.

    What is a lien-free car title?

    This means your car has no outstanding loans or judgements against it, and that you own your car outright.

    Can you get a title loan with other vehicles?

    Yes, some lenders also offer motorcycle title loans.

    Does the car title have to be in my name to get an auto title loan?

    Yes, you will need to be the legal owner of the vehicle to get a car title loan.

    What if there are two names listed on my car title?

    Confirm with the lender whether you will just need permission from the other person listed on the title or whether you will need to get a joint car title loan.

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    US Payday Loans Offers

    Learn about our information service
    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required.

    SWIFT Payday Loan

    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

    CashNetUSA Loan

    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.

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