TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Max Cash Title Loans vs Loan Auto Title

We recommend

 

Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

 

MAX CASH TITLE LOANS

Max Cash Title Loans wants to make it as simple as possible for you to get the cash you need in a hurry. Customers can receive their money in as little as one business day from the time their application is completed, although some customers have had to wait as long as 72 hours to get their funds after providing documentation via email or fax.

Max Cash Title Loan has the largest service area of any car title lender in our review. They can accept applications in all states except New York.

The car title loan application is a simple online process. As a car title loan referral service, Max Cash will pair you with a lender. That means that, once matched, you may need to disclose additional detailed information directly with them.

Once your car title loan application is approved, in order to get your funds, you may need some or all of the following:

  • Government-issued photo ID
  • Free and clean car title
  • Three references (not relatives)
  • Insurance (required by some states)
  • Social Security card or a document showing your name and SSN

As with most car title loans, the rates offered through Max Cash's lender partners are high compared with other types of personal loans. Car title loan rates can range anywhere from 52% APR to 300% APR, with an average APR of 96% across borrowers. We appreciate that Max Cash Title Loan encourages borrowers to pay off their loans as soon as possible, in order to avoid paying so much money in interest.

Another area where Max Cash stands out from other car title loan providers is in their solid reputation. After some investigation, we learned that Max Cash is a part of TMG Loan Processing - a company with many satisfied reviews from borrowers. We discovered that TMG is extremely responsive, transparent, and helpful with their customers. This is reassuring in a market where some of their competition have been fined for illegal or deceptive practices.

We also discovered that Max Cash thoroughly vets and approves the lenders with whom they partner. They try to utilize their loan volumes to achieve better interest rates and quality service for their customers.

With a great reputation and wide service area, Max Cash Title Loans stands out fom other car title loan providers. We think you'll find the loan experience with Max Cash to be honest, easy to understand, and dependable. They earn our highest rating.

Visit Site >

LOAN AUTO TITLE

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.

Visit Site >


Car Title Loans

To help you find the Best Car Title Loans, TopConsumerReviews.com provides you with an in-depth comparison of Max Cash Title Loans 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:

  • Loan Amount. How much money do you need? A variety of loan amounts are offered by different lenders, and most have a minimum amount that you'll need to borrow.
  • Service Fees and Interest Rates. Will you be charged anything for processing the loan? What are the interest rates typically charged by the lender?
  • Convenience. Is the application process 100% online, or will you need to fax in any required documents? How quickly will the funds be transferred to your account?

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

Car Title Loans California Enhanced Website Update

LOS ANGELES, December 10, 2018 (Newswire.com) - Car Title Loans California announced today the launch of its newly revamped website. This redesigned site offers car title loans in Los Angeles while of...

Published:  Mon, 10 Dec 2018 03:06:00 GMT



COMMENTARY: Don't Let Small Dollar Loans Ruin Your Holidays

Just keep walking or driving past the brightly-colored signs advertising high-interest, small dollar loans. Both payday and car title loans can provide quick cash; but the harms these loans create ...

Published:  Mon, 10 Dec 2018 04:31:00 GMT



Payday loan alternative may be a better deal, but has its own risks

Today, consumers have some protection from this type of predatory lending through the Payday, Vehicle Title, and Certain High-Cost Installment Loans rule from the Consumer Financial Protection Bureau. ...

Published:  Sun, 09 Dec 2018 22:38:00 GMT



Avoid costly mistakes with the car buyer's checklist

You'll need to bring the following to the dealership: - Preapproved loan information. - Driver's license. - Proof of insurance. - Funds for your down payment. If you're trading in your old car, you'll ...

Published:  Sun, 09 Dec 2018 00:16:00 GMT



Decatur Police ask for help to identify Alabama Title Loan robbery suspect

Decatur Police are asking the public for help in identifying a suspect involved in a robbery on Friday, November 30 around 7 p.m. at Alabama Title Loan on 6th Avenue southeast ... have fled the scene ...

Published:  Fri, 07 Dec 2018 12:16:00 GMT



Hebrew Free Loan of Tucson expands with employee assistance program

"and trying to keep people away from high interest loans, such as auto title loans." High interest loans, she notes, only add stress for people already in a financial bind. Krone came up with the empl...

Published:  Fri, 07 Dec 2018 05:04:00 GMT




We recommend

 

- View Full Site -