Car Title Loans

Quick Cash
In Your Pocket


Car title loans can put some quick cash in your pocket when you're in a bind and have less than stellar credit.

They can be very beneficial if you need money now and know that you are going to be receiving enough money in the near future to pay the loan in full.

Of course, you will have the option to make payments, but you'll want to be extra sure that you can easily afford the payments that you'll be required to make.


Here are 4 extremely important
factors to think about before signing on the dotted line:

  1. You'll Pay A High Interest Rate

    You'll often times sign a contract with a rate as high as your state legally allows. In some states this is capped at 18%, but I've talked to many a customer that paid 21-29%...Ouch!

  2. Short Term Financing

    The typical auto title loan company will not finance for longer than 18-24 months. This, in combination with the high interest rate you'll be paying, can lead to some pretty steep monthly payments.

  3. Loans Are Much Less Than The Value Of The Car

    Most title loans are for only a fraction of the cars actual value. The company loaning you the money needs to protect themselves against repossession and needs to insure that they'll be able to get their money back if they do need to take your car.

  4. They Can Take Your Car

    If this is your only means of transportation this could be extremely devastating.

    • How will you get to work?
    • To the grocery store?
    • To drop off or pick up your kids from day care?

Ultimately, if you need the money bad enough and fast, then this may be the best way for you to go, but consider this...


If you were to take out a $1,000 title loan on a $5,000 car and were to miss one payment, then your car was repossessed, would it have been worth it?

If you think a car title loan may be the only way to go, then take some time and do a little research on the Internet. Compare companies to try and get the best loan with the most favorable terms for you.

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