TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
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.
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 Loan Auto Title Review.
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
PHILADELPHIA - In a recently filed lawsuit, Pennsylvania Attorney General Josh Shapiro is requesting a $3 million refund from an out-of-state vehicle title lender accused of violating state ...
Published: Tue, 06 Nov 2018 10:18:00 GMT
When you refinance, the lender writes you a check to pay off your old loan at a lower rate, and you begin making payments to your new lender. Your car's title is transferred from the old lender to the ...
Published: Wed, 07 Nov 2018 00:27:00 GMT
The high court said in an opinion publicly released Thursday that Dollar Loan Center must first go through an administrative review. The legal dispute came after voters in 2016 limited interest charge...
Published: Thu, 15 Nov 2018 11:48:00 GMT
Yesterday, the court reversed course in the lawsuit filed by two industry trade groups challenging the CFPB's final payday/auto title/high-rate installment loan rule (Payday Rule). On its own initiati...
Published: Wed, 07 Nov 2018 11:15:00 GMT
With over 20 years in the business of providing financial credit deals to residents of California, Fast Money Car Title Loans provides you with that back-up option to make sure that your plans stay on ...
Published: Fri, 09 Nov 2018 07:09:00 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.