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Max Cash Title Loans Review

Monday, December 5th

2022 Car Title Loan Provider Reviews

Top Consumer Reviews Best-In-Class Blue Ribbon Award Max Cash Title Loans Review 5 Star Rating

Max Cash Title Loans

5 Star Rating
  • Loans up to $25,000
  • Interest rates between 30% and 200% APR
  • Loan repayment terms from 12-36 months
  • Loans can be repaid early with no penalty
  • Loans funded same day or next business day
  • Money can be received via direct deposit, check, or at a MoneyGram location
  • Customer service available via online chat, email or toll-free number
Top Consumer Reviews Best-In-Class Blue Ribbon Award

Max Cash Title Loans works hard to find the right car title loan for you. It's the only company in our reviews that operates in almost every single state and that goes through an extensive network of lenders to find the right fit for your needs.

Competitive interest rates and loan amounts

While there's a maximum of $25,000 for car title loans through Max Cash, most of their loans are between $500 and $5000. Within their lending network, you can expect loans with interest rates ranging from 30-200% APR, but with no prepayment penalties if you pay it off in advance (and save yourself some money in interest by doing it).

Simple online application

To get started with Max Cash, you'll fill out a short form to get prequalified. You'll need your car's year, make, model and body style, as well as its approximate current mileage. Next, you'll enter your contact information, your monthly income, whether or not you own your vehicle free and clear, and if you agree to the site's terms and conditions. (We love that, on that last part, you can select "Yes, I agree, but do not text me" !)

Different requirements depending on the lender

Once you submit the form, you'll be shown how much you prequalified to borrow - but look fast, because that screen quickly disappears and takes you to the online form to talk with an agent. That may be different depending on where you live: some of Max Cash's lending partners let you do the entire process online, even submitting photos of the car and of the title instead of bringing it in person, while some states still require you to go in person. From there, you'll work with a Max Cash representative to choose the right car title loan available to you.

Best Car Title Loan Providers

Excellent customer service team

Max Cash does an excellent job when it comes to customer service. When we went onto the site to find a live chat to ask questions, we were connected right away to an agent at a call center in Houston, Texas. He was able to tell us everything we needed to know about how car title loans work when using Max Cash, and even gave us a link to tons of helpful information we hadn't found on our own (it's the How Car Title Loans Work page, and we encourage you to look for it too!).

Big compliments from clients

One of the questions we asked the agent was about Max Cash's listing with the BBB: a graphic on the site said that Max Cash has an "A+" , but we weren't able to click to go to the corresponding page on the BBB site. He told us that Max Cash is owned by TMG Loan Processing - and while we couldn't find a BBB listing for them either, we did find a lot of praise from their clients elsewhere. We appreciate that Max Cash seems to go the extra mile to find the ideal car title loan (and other types of loans) for their customers: people describe their experience as fast, friendly and uncomplicated. That's what we like to hear!

Best choice for car title loans

Who would have thought that there'd be a company that could make it almost fun to get a car title loan? Max Cash somehow manages to do it. As with any loan, you need to make sure you understand all of the terms and conditions when you sign up, especially since Max Cash will be transferring you to a lender that services your area and not funding your loan themselves. But, all things point to this provider being the best choice for car title loans no matter where you live.

Where Can You Find the Best Car Title Loans?

If you're considering a car title loan, chances are good that you've come across some unexpected bills. Maybe your car broke down and you need it fixed quickly to keep your job. Or your roof started to leak after a storm and you can't wait on your insurance adjuster to take months to get the claim paid. Many Americans find themselves in trouble and don't have many options for getting money fast. That's where car title loans come in.

How does this type of loan work? If you own a vehicle free and clear, you can use its title as collateral to secure a short-term loan. The good thing is, you don't have to stop using your car: continue to drive it as you usually would, until the loan is repaid in full and you get the title returned to you.

The Best Car Title Loan Providers Compare Car Title Loan Providers Compare Car Title Loan Provider Reviews What are the best Car Title Loan Providers Best Car Title Loan Provider Reviews

Car Title Loan Provider FAQ

A car title loan uses your vehicle as collateral for short-term borrowing. The amount of money you qualify to receive depends on the value of your car: you won't get Porsche-level dollars for a Pontiac! You turn in your car title to the lender and get it back when the loan is paid in full.
These loans are usually for consumers who don't qualify for more traditional forms of lending, due to a poor credit history or other circumstances. Also, most loans don't require collateral like a vehicle title to secure the funding.
Completing an online loan application can typically be done in just a few minutes. The rest depends on how close you are to an in-person location where the lender will collect your vehicle title and finish the application process. Some services can have your funds deposited within a few hours of turning in your car title.
These loans are considered to be short-term, so it's common for you to only have 15 to 30 days to pay it back. You definitely want to be careful to only use a car title loan if you anticipate having the money to pay off the loan in the near future!
A LOT, in all sincerity. APRs for car title loans can reach as high as 300%! Again, these loans are often a last resort when people have maxed out their credit cards, have no money in savings, and don't qualify for a more traditional form of lending.
Yes! That's one of the benefits of a car title loan: you can still use the vehicle to go to work, school, or anywhere else you need.
Plain and simple, you lose your car. The lender has the right to repossess it if you don't pay back the loan on time. However, some lenders might offer to extend your loan terms - for a fee, of course.
Yes, but there are lenders that are reputable and ones that are anything but. Plus, these loans should only be used under the most dire of circumstances, because they come with extremely high interest rates and severe consequences if you don't pay them back in a relatively short period of time.
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Continued from above...

Car title loans are also attractive because they rarely require you to have a great credit history: you're guaranteeing that you'll repay the loan by borrowing against your car's value, so credit isn't really a factor. Of course, that's one of the downsides too: if you don't pay the loan back, you stand to lose your transportation, and you can't borrow more than your car is worth. That's cool if you're driving a Porsche, but if you drive a 20-year-old beater you might not get much out of a title loan.

Another thing to keep in mind is that car title loans usually have really high interest rates: in the triple digits isn't unheard of. You'd be wise to see if other, lower-interest rate personal loans are a possibility before you turn to a car title loan for your cash needs.

So, all that being said, how can you tell which car title loan provider to use? There are a lot of them out there, and some of them are less-than-reputable in the way they treat customers. Here are a couple of factors to check out before you commit to a car title loan:

  • Reputation. First and foremost, what do people have to say about their experience with a particular lender? Was the borrowing process totally transparent - in other words, they knew what they were getting from start to finish? A positive rating from the Better Business Bureau is another good indicator that you can trust a given car title loan service.
  • Interest Rates. How much will your loan cost in the end?
  • Repayment Terms. How long will you have to pay your loan back in full? Will it be enough time to make every payment on or before the due date?
  • Convenience. How easy is it to apply for a car title loan? How quickly will your loan funds be deposited or paid via check? Do you have to bring your title to an in-person location, and if so, is there one near you?

TopConsumerReviews.com has evaluated and ranked the best options among providers of car title loans today. We're confident that this information will help you get the money you need with loan terms you can afford!

See the Best Car Title Loan Provider
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