Tuesday, June 17th
2025 Car Title Loan Provider Reviews
TitleMax
- Borrow up to $10,000
- Operates in 14+ states
- In business for over 20 years
TitleMax has been in operation for over 20 years. They offer title loans and pawns plus personal loans, so you'll see references to all of those on their website.
Locations in 14-18 states
TitleMax has over 900 locations throughout just over a dozen states. Those may include Alabama, Arizona, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Mississippi, Missouri, Nevada, New Mexico, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin. But, don't take that as a finalized list; on the map on the TitleMax site, Wisconsin and Florida were shown as two different colors (there was no key to say if red meant it was an included or excluded location) despite both being on the supposed roster for TitleMax. Depending on where you look, TitleMax may operate in as many as 18 states or as few as 14. It's probably related to the fact that TitleMax may service existing loans in states where they no longer originate them; at the time of this review, the site listed CA, IL, and VA as examples of that mode of operation.
Loan amounts totally depend on your state
How much can you borrow? That depends on where you live, and a lot of that information is in the fine print at the bottom of the site. For title-secured loans, the maximum you can borrow in MS is $2,500, while the minimum in South Carolina is $601. You should expect to undergo a credit inquiry, a review of your vehicle's title condition, and an appraisal. In some states, you'll have to provide income documentation and have an analysis done of your ability to repay your car title loan.
"F” grade is just the start
TitleMax earns our lowest possible rating because of their "F” rating from the Better Business Bureau - and more importantly because of the reasons behind that absolute fail of a grade. The Consumer Financial Protection Bureau (CFPB) took action against TitleMax in 2023 for "violating the financial rights of military families and other consumers in providing auto title loans”. TitleMax did this by charging three times more than the 36% annual interest rate caps - by illegally changing the borrower information to get around military members' protected status. Gross. Worse yet, the CFPB calls TitleMax a repeat offender, referencing its order dating back to September 2016 that penalized the company for its fraudulent lending and debt-collection practices.
Somehow still earned some five-star reviews
We're really not sure how TitleMax has earned thousands of five-star reviews through the Consumer Affairs platform, but they have. Given the company's track record, we're not willing to bet the farm on all of those reviews being legitimate, and maybe people in a tight spot are just happy to have the cash in hand (and they don't know that they may have been swindled or overcharged in some way to get it).
Horrible choice for car title loans
We're left with zero confidence in TitleMax. Perhaps it's a good thing that they're only available in 14-ish states? This company shows no commitment to honesty in their practices, as clearly demonstrated by the legal actions taken against them by the CFPB over the last decade. You may be hurting for cash, but TitleMax is likely to leave you worse off. Avoid them and don't get a title loan (or any other kind of financial help) here.
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Where Can You Find the Best Car Title Loans?
If you find yourself facing unexpected financial challenges, you're not alone. Many individuals encounter sudden expenses that demand immediate attention. In times of urgency, when traditional financing options may not be quick enough to get the bills paid, car title loans can be a viable solution.
How exactly does this type of loan work? If you own a vehicle outright, you can use its title as collateral to qualify for a short-term loan. The beauty of this arrangement is that you don't have to park your car during the loan period. In fact, you can continue to use it as usual until the loan is fully repaid, and the title is signed back over to you.
Car Title Loan Provider FAQ
Continued from above...
One of the advantages of car title loans is that they often don't heavily weigh your credit history. The focus is on the collateral - your car's value - which makes this type of loan more accessible even if your credit score is less than stellar. However, this also comes with a warning: failing to repay the loan could result in the loss of your car, and the loan amount is capped at your vehicle's appraised value. So, while it's a great option for those with valuable cars, those driving older or less valuable vehicles might not benefit as much.
Another crucial aspect to consider is the high-interest rates associated with car title loans. It's not uncommon for these rates to reach triple digits. Before committing to such a loan, it's in your best interests to exhaust all of the options with lower interest rates first.
Your search for a car title loan provider can begin online. Keep in mind that most sites work as a referral service. They don't usually give you the money themselves, but instead connect you with partners in their network. That's largely because you'll always have to present your title in person somewhere.
All that being said, some websites are much better than others when choosing a car title lender. Here are some factors that can help you sort the good from the bad:
- Service area. First and foremost, make sure the site serves people in your state. Most car title loan sites aren't nationwide, so check out which locations are included before you give them your contact info.
- Ease of use. How easy do they make it to use their service? Does the website look outdated, or does it have typos that make you question whether or not they're legit?
- Reputation. Car title loans don't come with the most positive vibes in the world of finance, but they're a necessary option. How well does the lender or referral service do with matching borrowers in need with services that won't take advantage of them? Has the Better Business Bureau weighed in on the company with a strong rating or a low grade?
Navigating the landscape of car title loans can be challenging, but TopConsumerReviews.com has done the legwork to evaluate and rank the best options available today. Taking advantage of this information can help you secure the financial help you need right now, and hopefully relieve some of your money worries at the moment!
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