Car Title Loan Reviews
Car Title Loan Reviews
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Max Cash Title Loans is a referral service that helps customers find car title loans with licensed lenders/brokers. They enjoy a solid reputation and the ability to deliver funds in as little as one business day. Max Cash can help borrowers in every state except New York, and they are our top pick for car title loans.
LoanMart has a respectable "A" rating with the Better Business Bureau as an auto title lender, and a website that provides a good deal of information consumers should know when getting an car title loan. However, LoanMart currently only serves customers in the states of CA, AZ, NM, UT, MO, IL, AL, SD, and WI.
Auto Cash USA offers title loans through a network of licensed vendors throughout the United States and Puerto Rico. Their loan process is less convenient than others, requiring you to deliver documents and bring your vehicle to one of those vendors for inspection prior to approval. Their interest rates are also extremely high. But, an A+ rating with the Better Business Bureau makes Auto Cash USA worth considering.
In business since 2001, 1 800 Car Title has helped hundreds of thousands of customers to get fast cash through their car title loans. They are fully licensed or registered, and in good standing, in every state in which they lend. However, their C- rating with the Better Business Bureau, along with a hefty fine issued by the CFPB for illegal debt collection tactics, raise concerns with using their car title loan service.
Loan Auto Title has a visually appealing website and good information about auto titles. However, with no disclosure whatsoever regarding interest rates and questionable affiliations with other poorly-rated websites, we can't recommend that you use Loan Auto Title for your loan.
Car Title Loans
Car title loans help millions of people to quickly access cash in times of need. In today's economy, not everyone is fortunate enough to have money in savings or a generous friend or relative from whom to borrow. When unexpected bills arise, such as an expensive car repair or visit to the emergency room, it can be challenging to find the funds to pay them. Car title loans use your vehicle's title as collateral for a short-term loan, while still allowing you full use of the car for all of your everyday needs. When you repay the loan, the title is returned to you, hassle-free.
Why do some people choose car title loans over other ways to borrow money First, most car title loans are available to customers who don't have high credit scores. Also, the amount of an car title loan is based on the value of the vehicle, so some car owners can get more money than with other types of loans, if they have a car that's worth more.
However, car title loans have some disadvantages that you should consider. The main caveat is that if you do not repay the loan, you will lose your car as the lender will effectively be the new owner. This can jeopardize your ability to get to work, school, or other important destinations. Equally disadvantageous are the high interest rates charged by most car title lenders. Obviously, car title loans are a last-resort way to borrow money, given the high fees and the risk of losing your vehicle.
Still, being able to get the cash you need to pay overdue bills or for other pressing needs is important. When evaluating different car title loans, make sure to keep in mind the following:
TopConsumerReviews.com has reviewed and ranked the best Car Title loans available today. We hope these reviews help you find the right title loan for your short-term financial needs!
Car Title Loans In The News
You may have faced such a situation in life when you've fallen short of cash during the middle of the month. What step did you take during this moment If you own a car and a title ownership of the car, you can get a loan, mostly in the form of quick ...
Published: Thu, 12 Oct 2017 07:44:00 GMT
HARTSELLE - A Hartselle man was jailed on first-degree theft charges today after he was accused of taking a car he earlier brought to a title loan business, police said. The car, a black 2004 Ford Mustang, was reported stolen from Title Cash in ...
Published: Tue, 17 Oct 2017 14:00:00 GMT
Did you ever try getting a loan in order to jumpstart your business Or did you ever take out an education loan to complete your school If you did, how tough was your experience It must have been pretty complex! Despite the promise of obtaining a fair ...
Published: Mon, 16 Oct 2017 06:46:00 GMT
Especially for individuals who can't get other kinds of credit, car title loans can be a real life saver, says the company. The lender notes that title loans are not dependent on an individual's credit history because they are secured by the value of an ...
Published: Mon, 09 Oct 2017 05:11:00 GMT
The Consumer Financial Protection Bureau's new rules for payday loans and car-title loans have drawn the predictable cries of outrage from lenders, particularly small storefront operators who say the restrictions will put them out of business. And it's an ...
Published: Mon, 09 Oct 2017 14:44:00 GMT
The agency says it is looking to protect consumers from taking out high interest APR pay day and title loans that they can't afford to pay back. Pay day loans have been illegal in Arizona since 2010, but auto title loans are prevalent throughout the state.
Published: Mon, 09 Oct 2017 21:32:00 GMT
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