TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.
Auto Cash USA uses a nationwide network of licensed vendors to provide title loans. Their application process is fast, with approvals possible in less than 30 minutes. The maximum loan provided by Auto Cash USA's vendors is $15,000.
To begin the process, you can fill out the online title loan inquiry form and get a call back from one of Auto Cash USA's licensed vendors in your area. You will then need to visit a location in person, to present your vehicle for inspection, your clean car title, your driver's license or other state ID card, and proof of your income.
Auto Cash USA does disclose that their interest rates range from 36% to an astounding 360% APR. For more specific information, customers must get in contact with a licensed vendor, either by completing the online inquiry form or by contacting a vendor directly from the list of locations provided by Auto Cash USA. We would have liked to see more detailed information, even if just a ballpark estimate, regarding application fees and any others that borrowers should expect during the loan process.
One positive for Auto Cash USA is an A+ rating with the Better Business Bureau. Many car title loan companies do not have a good track record with the BBB, so it was a pleasant surprise to find one that does.
In general, Auto Cash USA is worth considering for your title loan, especially with such a broad network of lenders throughout the country. However we would like to see them add more specific information on their fees and other costs.
Loan Auto Title, at first glance, looks like a good choice to begin the process of applying for an car title loan. The site is simple to use, attractive, and gives easy-to-understand information on how car title loans work.
Unfortunately, that's where the helpful information stops. On the Rates & Fees page, the sum total of the disclosure consists of "it depends", in essence. Without disclosing your personal information, including your phone number and email address, you will have no way of knowing even a range of possible interest rates charged by Loan Auto Title. Most competitor lenders at least tell you a minimum and maximum range to expect.
Digging further into the fine print, we also found that Loan Auto Title is a referral service only, with loans sent to an LLC under the name of Nesmetaju. According to the site, this LLC is based in California. However, as we researched it more deeply, it appears to be a business located in St. Kitts and Nevis, not in the United States. Nesmetaju LLC is affiliated with several other lending sites, many of which have an "F" rating with the Better Business Bureau.
We like that Loan Auto Title claims to offer late fee forgiveness, provided that consumers communicate openly with the lender to ask for a limited waiver of fees under certain circumstances. But, given the other issues we found, we were left wondering if that perk would actually be offered to customers who went through and got an car title loan with Loan Auto Title.
With so little information available - and such discouraging information about the background of Loan Auto Title - this company earns low marks. We recommend looking at one of our higher rated companies for your car title loan needs.
Car Title Loans
To help you find the Best Car Title Loans, TopConsumerReviews.com provides you with an in-depth comparison of Auto Cash USA and Loan Auto Title.
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
If you find yourself in a financial pinch and need cash fast, you might be wondering what types of loans you can. It can be a stressful experience to apply for any type of loan. It can be even more st...
Published: Fri, 15 Feb 2019 22:19:00 GMT
Wondering what a car title loan is Well, car title is just as the name suggests. You provide your car title as collateral to the lender for a loan. That being said, not all car title loans are the sa...
Published: Tue, 05 Feb 2019 09:51:00 GMT
The Consumer Financial Protection Bureau (CFPB) has issued highly anticipated proposed revisions to its final payday/auto title/high-rate installment loan rule that would rescind the rule's ability-to ...
Published: Mon, 11 Feb 2019 13:49:00 GMT
WASHINGTON, D.C. - The Consumer Financial Protection Bureau has announced a proposal to take away sections of its "Payday, Vehicle Title and Certain High-Cost Installment Loans" rule that ...
Published: Mon, 11 Feb 2019 11:46:00 GMT
The situation may worsen with the Trump administration's Consumer Financial Protection Bureau announcing recently that it wants to scale back a regulation on vehicle title and payday loans that ...
Published: Sat, 16 Feb 2019 05:20:00 GMT
AUSTIN, Texas - Texas Fair Lending Alliance members are dismayed by today's action of the new Consumer Financial Protection Bureau (CFPB) director, Kathy Kraninger, removing essential protections from ...
Published: Wed, 06 Feb 2019 14:30:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.