What states is TitleMax available in?
Title loans and title pawns are available in 17 states.
- New Mexico
- South Carolina
finder.com’s rating: 2.3 / 5.0
Bottom line: TitleMax is relatively upfront about its requirements. But it isn’t clear about the cost of its loans — important info when your car is on the line.
as little as 30 minutes
Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University.
Title loans do have their risks, but if you’re in need of quick money and have a car or motorcycle to use as collateral, TitleMax can provide you with a loan no matter your credit or financial situation. It offers a large loan amount — up to $10,000 — provided you and your vehicle qualify.
But repayment terms are short. In some cases, you may only have 30 days to repay what you borrow. Read the complete terms and conditions before signing the dotted line so you understand exactly how much it will cost you.
If you’re still not sure about going with a title loan, you can compare other title loan options.
TitleMax offers five types of loans depending on your state: Title loans, title pawns, motorcycle title loans, motorcycle title pawns and personal loans. The exact amount you can borrow also depends on your state, but in general, you may qualify for anywhere between $2,600 to $10,000. Rates will depend on your state law, income and other financial factors. Although TitleMax doesn’t disclose its rates, most short-term lenders charge APR well above 300%. Carefully read your loan contract to confirm you can repay your loan within the loan term.
TitleMax has been in business since 1998 — and its website uses 256-bit SSL encryption to keep your information safe when you submit a preapproval application. The information collected and stored on the TitleMax website falls under standard privacy protections. You can choose to limit sharing of your personal information by contacting a TitleMax representative.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|BBB customer reviews||1.59 out of 5 stars, based on 22 customer reviews|
|BBB customer complaints||307|
|Trustpilot score||3.9 out of 5, based on 422 customer reviews|
|Customer reviews verified as of||16 October 2020|
TitleMax doesn’t list any specific eligibility criteria. Provided you own a vehicle with a lien-free title — meaning you own your car outright and aren’t paying for a loan — and meet your state’s minimum age requirements, you may qualify for a title loan through TitleMax.
Title loans and title pawns are available in 17 states.
When you visit a TitleMax store, you will need to bring a vehicle with a lien-free title in your name. Depending on your state, you may also need to present a government-issued photo ID, proof of income and proof of current residence.
Visit TitleMax’s website to fill out a brief application. You’ll need to select if your car or motorcycle is paid off, enter your name, ZIP code and cell phone number. On the last page, TitleMax will ask you about your vehicle — its year, make, model and vehicle series. Hit Calculate to see how much you may be able to borrow.
When you visit a TitleMax store, your vehicle will be inspected while you complete a full application. If you’re approved, you’ll receive a contract stating the loan amount based on your vehicle’s appraised value. You can choose to sign the loan contract and receive your funds or take your business elsewhere if the loan you’re offered doesn’t suit your needs.
You’ll have to start paying back your loan in about 30 days. At this point, you’ll either need to repay the full amount you borrowed or refinance your loan. You can pay by cash, certified check or money order. If you live in Arizona, Georgia, Illinois, Mississippi, Missouri, South Carolina, Tennessee or Virginia, you can also pay by Western Union Quick Collect.
TitleMax is a legit title lender — but that doesn’t mean it isn’t without risks. Before you use your vehicle title as collateral, other short-term loan options first.
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TitleMax Auto Title Loans is not currently available on Finder
Have you considered OppLoans Installment Loans?
Comes with the option to change your due date so you won’t fall behind on repayments.
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