Max Cash Title Loans Review for April 2019

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Max Cash Title Loans Car Title Loan Review

See ALL of our Car Title Loan Reviews

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.

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.

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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!



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