If you are facing financial difficulties and have a car, you are probably considering getting a title loan. Of course, finding the right lender can be a challenge. However, you can explore the basic information and benefits of the four major title loan companies - Max Cash, TitleMax, LoanMax, LoanStar. This way, you can choose what works best for you.

Title loan - is a secured loan with a lien on your vehicle’s title. The loan amount you can get depends on many things, such as the vehicle's make, model, year, mileage, and the general value of your car. Also, lenders take into account your ability to repay the loan. Since the process for obtaining a title loan is quite simple, you can receive the money the same day you apply. Compare the 4 main companies that offer title loans to find the one that suits your needs.

Best Car Title Loans Online

Max Cash

MaxCash offers Cash Loans on Car Title and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $50,000
  • Terms: Vary by state.
  • Rates and fees: 29% - 300% APR.
  • Turnaround Time: 1 business days
  • Title Loans
  • Online Title Loans
  • Car Title Loans
  • Title Loans Refinance
  • Title Loans Buyout
  • Govt. issued photo ID
  •  Free and Clean Title
  •  Proof of Income
  •  Proof of Residence
  •  Three references not related to you
  •  Insurance (some states require this but not all)
  •  Social Security Card (or a Document on which your name and SSN both are listed)
  •  Pictures of your car (all 4 sides including VIN and Odometer).
Pros
  • Any loan amount is available
  • No Pre-payment Penalties
  • Same Day Pre-approvals
  • Same Day Funding
  • Keep your car
Cons
  • Not available in some states
  • Rather high interest rates

 

Max Cash is a title loan company for over 10 years. This company provides its services 7 days a week so that people who need a loan can get the best and most advantageous offer. On the Max Cash site, you can find the following "Need some fast cash? Bad credit history? We don’t mind about your past, just the future. Try Max Cash Title Loans and get cash today!"

Max Cash has one of the largest customer bases in the industry. Moreover, the company is famous for serving over 500,000 people by providing title loan services. Thus, if you find yourself in a difficult financial situation, Max Cash will do everything possible so that you can get a good offer.

The advantage of Max Cash is that it works with multiple lenders. Moreover, the company offers more than 3000 service points where you can get the necessary loan. Thus, no matter where you live, you need to indicate your state on the Max Cash website and see the nearest place where you can use the company's services.

The Max Cash Title Loans Process

  1. You can apply for a title loan at Max Cash either online or over the phone. Of course, online application is the most convenient option, since you do not need to spend time waiting for hours in order to get a loan. All you need to do is visit the Max Cash website and fill out a short request form with your information.
  2. After you have sent your application, a specialist will check it and contact you. Moreover, the Max Cash website says that you have a chance of up to 95% for pre-approval.
  3. Next, you need to provide several documents, such as a government issued ID, proof that you are receiving income, car title and current insurance. Next, you will need to come to the lender's office where experts will assess your car and the amount you can get.
  4. After signing the contract, you will be able to receive money. There are many ways to do this: by cash, check, or deposit. Thus, Max Cash claims that you can enjoy your low payments and competitive interest rate title loans.

What are the advantages of Max Cash Title Loans?

Of course, Max Cash, like other companies, has a number of advantages. You can study them in order to understand if this lender is right for you.

  • Bad credit is not a problem. Many creditors reject applications from borrowers with bad credit, but with Max Cash you don't have to worry about it. If you meet the other requirements of the lender, then your credit score is not the main factor in your approval.
  • Your car stays with you. Even though your vehicle is collateralized on a loan, you can still drive it while you pay off the debt. Of course, the title will be transferred to the lender for the duration of the loan, but when you pay off the debt, you can get it back.
  • Getting competitive rates. Max Cash is known to only work with credited lenders, so you are guaranteed to get the very best loan offers.
  • Bankruptcy is not a problem. Max Cash can pre-approve your title loan application even if you are previously declared bankruptcy. Thus, if you have encountered this problem before, then Max Cash is a good choice for you.
  • Quick access to money. Also, by working with this lender, you can get paid quickly enough. Typically, this will be done within one business day after your application has been approved.

TitleMax

TitleMax offers Car Title Loans, Car Title Pawn, Motorcycle Title Loans, and more options to provide you with instant cash. If you  have a vehicle, you can apply for TitleMax Loan online and visit their store at your location.

  • MIN Loan Amount: $2,600
  • MAX Loan Amount: $10,000
  • Terms: 30 days
  • Turnaround Time: Same day
Read Full Review
  • Car Title Loans
  • Car Title Pawn
  • Motorcycle Title Loans
  • Motorcycle Title Pawn
  • A lien-free vehicle title
  • A government-issued ID
  • Being of legal age in your state.
Pros
  • Quick turnaround time within a few minutes.
  • Available for bad credit.
  • More than 1,000 stores in 16 states.
Cons
  • You risk your vehicle being repossessed.
  • You must visit a store to finish the loan.
  • High rates and not very clear fees.

 

TitleMax is one of the nation's largest car title lending companies. The TitleMax website says the company’s main job is to help people. It also says that TitleMax has an all-credit-welcome policy, fast approval process, and quick turnaround time. Thus, the company is ready to provide you with money when you need it most.

TitleMax also states that it can help you get your title loan the same day you apply. Thus, TitleMax specialists work with you from start to finish. They can first provide you with instructions on how to apply for a loan and quickly approve your application. TitleMax also offers online lending to help borrowers apply for a title loan while staying at home, which is very convenient these days.

What's more, TitleMax offers a variety of lending options. This way, you can study them and choose what works best for you. So, with TitleMax, you can get:

  • Car title loans
  • Car title pawns
  • Motorcycle title loans and pawns
  • Personal loans

The TitleMax Title Loans Process

TitleMax, as one of the leading title loan companies, has made the car title loan process as fast and convenient as possible.

So, with TitleMax, you can apply with any credit account. So, if you own a car and its title, then your application can be approved as quickly as possible. Thus, there is no need to worry if you have bad credit.

TitleMax also takes care of clients who do not want to waste their time, so the title loan process is as fast and efficient as possible. Thus, TitleMax guarantees that 30 minutes will be enough to get money. Also you do not need a bank account if you want to apply for a TitleMax loan. So, while creditors may approve an application for several days, TitleMax will provide you with money on the same day your application is approved. Typically, you can receive a check, or a deposit.

Moreover, TitleMax offers a refinancing service for your loan if you already have a title loan from the company's competitors. Thus, TitleMax promises you a competitive interest rate.

What are the advantages of TitleMax Title Loan?

TitleMax also has a number of advantages that you need to examine in order to see if they meet your expectations.

  • Most credit types accepted. Thus, it practically does not matter what kind of credit you have, with a high probability your loan application will be approved.
  • Simple and convenient approval process. You will not need to spend a lot of time to apply. Fill out a simple online form, wait for approval and get paid!
  • Online application. Of course, the most convenient way to get a loan now is online application, as it saves you time, no more waiting for hours.
  • You can keep driving. Even while paying off your debt, you can drive your car and make payments. However, the title will be returned to you only when the debt is fully paid off.
  • No bank account required. Many depositors refuse to approve applications if you do not provide your bank account. If you have such a problem, then TitleMax is a great option for you.
  • Receiving money in 30 minutes. What's more, TitleMax says you can get paid as quickly as within 30 minutes. Thus, if you are in urgent need of money, you are unlikely to find a better option.

LoanMax

LoanMax offers Cash Loans on Car Title and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $10,000
  • Terms: Vary by state.
  • Rates and fees: Vary by state.
  • Turnaround Time: 1 - 2 business days
Read Full Review

LoanMax is a company that was founded in 1990 and is one of America's most respected companies that deals with title loans. LoanMax and its affiliated companies operate in over 20 US states. LoanMax says that its mission is to help clients get the funds they need. The company also guarantees a convenient and hassle-free process, as well as terms that are straight-forward and transparent.

The LoanMax Title Loans Process

Like other large companies, LoanMax offers online lending. To get started, you need to visit the lender's website and enter your information into the "How Much Cash Can I Get" section. If you have questions before starting, you can call LoanMax to speak with a specialist who will answer all your questions. You can also find the nearest lender store near you and discuss all the details in person.

So all you need is to bring your vehicle, the title to your vehicle which is clear of liens, and also your photo ID. Further, in order to help you understand how much you can get, you will need to evaluate the value of your vehicle and your budget. You will be filling out the form and at the same time, LoanMax will do a quick evaluation of your car.

So, before signing the documents, LoanMax carefully explains to you all the conditions and obligations to repay the loan. Thus, if you have any questions, you can ask to the specialist before signing anything. So, within 20 minutes after you arrive, you can already get the money you need.

What are the advantages of LoanMax Title Loans?

Explore the main benefits of a LoanMax loan before applying and make sure it suits your wishes and needs.

  • Loan in 20 minutes or less. On the LoanMax website, it claims to approve applications and issue loans the same day you arrive at their store. Thus, if your difficult financial situation requires funding, this is a good option for you.
  • Instant approval. The lender also says that your loan application will be approved almost instantly. Thus, you do not have to deal with a long application period.
  • Fast payouts. When you bring your car to the creditor's shop, you can get your money in 20 minutes. Thus, quick repayment is one of the main advantages of such a loan.
  • You can keep driving. Once you get the loan, you will pay off the loan in parallel and continue to drive your car. However, you will only get your title back when the loan is fully repaid.
  • The minimum number of documents. While other lenders ask for pay stubs, utility bills, proofs of insurance and bank statements, with LoanMax you don't need to worry about that. All you need is your title, your vehicle, and a photo ID.
  • Flexible payment terms. You can choose the type of payment that suits you. Thus, if you want to pay weekly, or every two weeks - the company welcomes it.
  • No prepayment penalty. If you want to pay off your debt in advance, you will not have to pay any commissions. Thus, if you have the ability to repay the loan, you can do it without any worries.

LoanStar

LoanStar will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $10,000
  • Terms: Varied
  • Rates and fees: 315% APR on average
  • Turnaround Time: 1 business day
Read Full Review

Car Title Loans

  • photo identification, such as a driver’s license
  • your vehicle and its title (free and clear of liens)
Pros
  • Title Loans available up to $10,000 
  • Upfront transparent loan costs with no hidden fees 
  • Fast loan approval 
  • Cash in less than 20 minutes in a store 
  • Same-day funding if apply online
Cons
  • Available only in Texas 
  • To finish the loan process you have to visit LoanStar location 
  • You risk losing your vehicle if you don’t repay the loan on time

 

LoanStar is one of the largest companies in the country that helps Americans raise money using the equity that they have in their vehicle. LoanStar claims on its website that it wants to offer borrowers the best and most transparent terms they can find.

This company also operates in 20 states and provides its services. Thus, if you are in a difficult financial situation and want to get a title loan, LoanStar promises to offer you the best conditions. The LoanStar website says "We are proud of the business that we have built, and take pride in doing business with the honesty and integrity that our customers deserve."

The LoanStar Title Loans Process

  1. In order to receive money, you need to come to one of the lender's shops. On the site you can find the one that is closest to you. You must also bring with you your vehicle and its title (free of liens) and photo identification
  2. Next, you will need to fill out an online application form and indicate your data. While you are doing this, experts will estimate the value of your vehicle. They also assess your loan needs and your budget in order to understand how much you can apply.
  3. Also, before signing a contract, you need to review all of the repayment terms and conditions with a customer service representative. If this loan offer suits you, you can sign a contract.
  4. After all the documents are signed, you can get the money and take your car with you. LoanStar says it shouldn't take more than 20 minutes.

What are the advantages of LoanStar Title Loan?

It's better than selling your car. Many people during difficult financial situations think about whether to sell their car or take a title loan. Remember that with LoanStar you can continue to drive your car even while the loan is being paid, so it is much more convenient than selling.

  • Fast cash. Since the application is approved quickly, you do not need to wait for hours to see if you can get the money. Thus, within 20 minutes you can take your money and solve all your financial problems.
  • The minimum number of documents. While other lenders ask for a large number of documents (for example, proof of insurance, business licenses, bank statements), with LoanStar you will not need to worry about this.
  • No prepayment penalties. If you want to pay off your debt in advance, you should know that LoanStar never charges an early payment fee.
  • Convenient and flexible payment terms. You can make a payment on your title loan as often as you would like to. Of course, the more often you do it, the better, as the company only encourages it.
  • Confidentiality. LoanStar is concerned about the safety of its customers' data, so you do not have to worry that none of your information will be transferred to third parties.

Conclusion

Of course, finding the right lender who will provide you with a title loan can take time. However, it is very important to evaluate the pros and cons, compare the offers of different lenders in order to find the one that suits you best. Also, remember that if you fail to pay off the debt on time, you could lose your vehicle. This is the danger of secured loans - you risk your property. However, making payments on time can help you not only cover your financial difficulties but also keep driving your car. Use loans wisely!