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How Title Loans Work

When you need access to emergency cash in a hurry, is the fast and hassle-free way to connect with a licensed vendor for the title loan or title pawn you are looking for today. Our vendors know how quickly you need emergency cash, so they've made sure that the title loan process is simple and quick for you to understand. We do our part at Title & Payday Loans by only working with trustworthy and reliable vendors. So, if you are ready to understand how title loans work, here's how simple it could be to find the extra cash you need!

What is a Title Loan

Before we tell you how title loans work, you should know exactly what a title loan is. With a title loan, you will use your vehicle's lien-free title as collateral to secure the money. This kind of loan was designed to help those who have finished paying off their vehicles and need help getting money quickly for their emergency expenses.

Our vendors want to strongly recommend you only use this loan for emergency purposes. It was not designed to handle frivolous purchases or to permanently fix your finances. It is only supposed to help ease the burden of your emergency expenses.

How Do Title Loans Work?

Now that you know what it is, you are probably asking exactly how does a title loan work. It is a valid question with a simple-to-understand answer! When you go to one of our trusted vendors, they will quickly determine if you qualify for approval after assessing a few things - which we will go over shortly. If you are approved, they will then place a lien on your title.

And you should know our vendors will not hold onto your vehicle while you repay the loan. They will also release the lien as soon as the loan is repaid in full. If you are wondering how much you could get after learning how title loans work, our vendors can lend you up to $15,000 based on the condition and resale value of your vehicle - which means they'll need to inspect it.

Step 1: Gather The Required Items

Now that you know how title loans work, it is time to actually get ready. This is when you should gather the questions that you want to ask when you meet with one of our vendors. It is important to ask questions so that you are sure you understand the loan completely. If you need any help coming up with questions, visit our title loans FAQ page.

You also need to gather your required items. These are the items our vendors use to determine if you qualify for approval. The good thing is our vendors keep the list short and simple for you to remember everything you need.

This is what you need to get a title loan:

  • Driver's license or a state-issued photo ID.
  • Your lien-free vehicle title in your name as the collateral.
  • The vehicle that goes with the title for the inspection.

Step 2: Start The Process By Filling Out The Online Form

Once you have the required items ready, you can start the title loan process. This means you need to go to our website and fill out the online form on the homepage. This form allows us to send your basic information to the nearest vendor and have them give you a call to help you get through the process. If you'd rather not fill out the online form, you can instead give us a call directly so we can connect you with the nearest vendor so they can get your basic information and help you begin the process.

Step 3: Set Up The Meeting With The Representative

Whether you call us directly or we receive your form, we will connect you with one of our trusted vendors over the phone. This is where the store associate will go over the required items and what you should expect when you want to know how title loans work. This is also a good time to ask any beginning questions you have before you meet the store associate.

After you get off the phone, you can head to the nearest store of one of our vendors - which you can find on our title loan locations page - or have the store associate come to you instead. Either way, they will assess your required items and inspect your vehicle. Once they've had a chance to assess everything, they will determine if you qualify for approval and let you know how much they can lend you if you are approved.

Step 4: Find Out If You Qualify For Approval

If our vendor does determine you qualify for approval, they will go over the loan terms and help you finish the remaining paperwork. This is where you can really ask any remaining questions you have to make sure you fully understand how title loans work. Once you feel comfortable with the terms and you agree with the amount they can lend you, you are free to finish the paperwork. Once you are done with that, you are finished! You can get the money either that same day or the next bank business day at the latest!

Additional Title Loan Information To Know

By this point, you shouldn't still wonder about how title loans work. We here at Title & Payday Loans want this to be a convenient experience when you meet with one of our vendors. By the end, you shouldn't leave wondering how does a title loan work. You should be clear about this loan and about how it can help you handle your emergencies.

You should know that if you still have some questions, you can also go to our website and check out our online chat feature. Likewise, we also have a title loans FAQ page that can get your quick answers to the most asked questions. And if you really would prefer to speak to someone, you can always give us a call and we will connect you with one of our vendors!

Ready to start the process right now? Take a second to fill out our easy online request form and answer the phone when your representative calls you!

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Qualify for a Title Loan or Payday Loan Today!

You can be approved for title loans or payday loans in as little as 30 minutes! After approval, our licensed vendors will arrange for you to get your money—up to $1,100 for payday loans or $15,000 for title loans. Fill out the simple, free online form now, and we will get you in touch with a lender's loan store near you to complete the process. Qualify and get the fast cash you need for emergency expenses as soon as today!