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The online application process takes just a few minutes to complete. You can also call us 24 hours a day and speak with our lending specialists if you have any questions.
Easy Lender Documentation
It’s easier than you think to qualify for online title loans, and having poor credit is not a problem with most title loan places. Get guaranteed approval in minutes with a vehicle that’s paid off!
Keep Your Car and Get Money Today!
Of course, you don’t want to give up your vehicle! Not only can you keep driving your car during the life of the loan, but you can also get fast access to cash within 24 hours!
Find the best title loan services offered near you and what's required.
Get an upfront estimate of how much your car is worth and review the lending requirements. After that you can apply with Car Title Loans 123 to get an Instant Decision Title Loan!
Car Title Loans
This is the most common type of secured lending options. With direct deposit car title loans, you get cash using a vehicle as collateral & keep driving your car.
You can refinance your current active loan! That’s right, with an online loan refinance, you should be able to match or lower your current loan rate.
Motorcycle Title Loans
A motorcycle title loan lets you use your motorcycle title to get cash in hand quickly. Much like motor vehicle title pawns, the motorcycle pink slip must be paid off.
Boat Title Loans
With a boat equity loan, you get fast cash in hand in exchange for temporary ownership of your boat’s pink slip. You keep using your boat for the life of the loan.
When you get a title loan, you use your vehicle’s equity as collateral for a loan. These loans rely more on your car’s value than your credit score, and loan amounts are based on the vehicle’s resale value.
A Car title loan can be a long-term financial solution where you can borrow a large amount of cash and pay off the loan over months or years. Most direct lenders and credit services organization firms are regulated by the state they do business in. Take note if you apply with an unaffiliated third party. Be sure that any lender you work with offers different payment options and allows you to pay off the loan early.
You can apply for car title loans completely online in almost every state. Some states have specific rules and regulations that govern online financing companies. So, checking with your state before applying is best. Once you decide that this type of equity financing is right for you, the next step will be to apply online and submit the necessary documentation. Most online title companies have an easy online application process. The underwriting process is fast and easy, often taking less than an hour.
Some lenders will require documentation of a bank account, proof of residency, and recent employment history. Borrowers who qualify can get cash within 24 hours of approval. Most financial institutions and banks do not offer secured loan products that are entirely online. Reach out to an online lender or a storefront company near you!
Yes, you can still qualify with a bad FICO score! Having bad credit may disqualify you from traditional bank loans. But that shouldn’t be the case here. With vehicle equity financing, you’re using your pink slip to secure the amount you borrow. A bank or credit union will rely more on your credit score as those personal loans are unsecured and not attached to your property. Lenders will often need an active checking account with proof of income in place of good credit history.
Make sure you don’t have an active bankruptcy before applying with Car Title Loans 123. Contact your local financial institution, like a credit union or personal loan lender first. Consider a credit card advance or installment loan, as they may have better rates with a higher funding amount. See if you can arrange financing with better terms to repay the loan fast.
Most of the time, you will need a vehicle title that’s free and clear of any pending payments or liens. This means the ownership documentation must be in your name. You will also need to have made all payments on the car before you apply. There are exceptions to this rule, so it’s best to check with your customer service rep if you have any questions or need more information.
Qualified applicants can also refinance to get a lower interest rate or quicker payoff. This is the same as if you wanted to refinance a high interest credit card or mortgage. You can get a favorable interest rate and lower monthly payments on the loan amount if you qualify.
Customers always want to ensure they can pay off their full loan with no pre-payment penalty. The answer to this question is yes! There is no early payment penalty associated with most online title loans. The loan will have a set payoff time with flexible payment options. Payments are made once a month or every 30 days.
Once a customer is approved and picks up their cash, they can pay off the balance at any time. You can send more monthly money to pay the principal amount borrowed. Or you can pay off the title pawn if you’d like. This is something we recommend as well!
The total amount of money you can receive from a guaranteed approval online title loan is based on the vehicle’s estimated value. It helps to have good credit and proof of sufficient monthly income. But lenders want to have collateral in your vehicle and base the loan amount on the equity. Newer vehicles in good condition with low miles will often return the best value. Expect anywhere from $1,000 for an older car to upwards of $10,000+ for a newer, paid off car with low mileage.
You can generally receive your loan proceeds as soon as the next business day. Once you’ve been approved for an instant approval title loan, completed the vehicle inspection, and signed your contract, the lender will give you a few options for getting your money. They will send cash directly to your bank account, often done through ACH or bank wire that same day. You may also pick up the money in person at any motor vehicle equity lending location near you. An applicant can go from filling out an application to picking up the loan proceeds within just a few hours!
Online title loans are a great way to get quick cash when you need it. Some expected benefits can include the following:
You can get cash quickly with an online lender or a company that offers instant title loans near you. There are no hidden fees and your ability to repay the amount borrowed determines the loan amount. The interest rates are high, but you pay what’s quoted to you by the loan company. You also shouldn’t expect prepayment penalties if you want to repay the loan early. Many larger lenders may work with you to refinance or restructure the loan contract if you’re in danger of defaulting. Compare that to a company that offers payday loans or a cash advance where the terms are non-negotiable, with full payment due in less than a month!