Frequently Asked Questions

TITLE LOAN FAQs

CAR TITLE LOANS

  • What is a car title loan?

    A car title loan is a personal loan that is secured by the equity in the borrower's vehicle. The loan amount is based upon the vehicle's value and the customers ability to repay. The borrower gets to keep driving the car while the loan is outstanding and current.
  • Is there a penalty if I pay my loan early?

    No. There is no penalty if you pay your loan early. In fact, paying your loan early will reduce the interest charge on your loan.
  • How can a car title loan help my credit? Do you report to the credit bureaus?

    Making payments on time may improve your credit score as credit scores are heavily weighted towards current accounts. This loan may be able to help you to raise your credit score and obtain new credit in the future.
  • What happens to my car?

    You get to keep possession of your vehicle during the term of your loan as long as you make timely payments, so there's no problem going about your everyday activities.
  • What can I use the money I receive from my loan on?

    There are absolutely no restrictions as to what you can use the money from your loan on.
  • What is the cost of my credit going to be?

    Our interest rates vary depending on the state of residency of the borrower, creditworthiness, collateral, and the terms agreed to. Our annual interest rates vary between 35.50% and 199.99%. For a typical loan of $4,000 with an 80% APR and a 24 month term, the payment is $338.61 and the total scheduled interest is $4,126.87. The interest on the loan may vary depending upon the timing of the payments made.

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MOTORCYCLE TITLE LOANS

  • What is a motorcycle title loan?

    A motorcycle title loan is a personal loan that is secured by the equity in the borrower's vehicle and income. The loan amount is based upon the vehicle's value and the customers ability to repay. The borrower gets to keep driving the motorcycle while the loan is outstanding.
  • Can I make extra payments?

    Yes, extra payments will help reduce the amount of interest you pay. The faster you pay, the lower your interest charges.
  • Can I manage my payment account online?

    Yes, you will have an online account for easy management.
  • Can I make a loan payment with my credit or debit card?

    Yes, you can use both a credit card and a debit card to make your car loan payment.

RV TITLE LOANS

  • How does an RV title loan work?

    A title loan is a secured loan where the borrower is able to get money using their RV as collateral. A lien is placed on the RV's title to secure your loan. Once you make payments according to the loan agreements and pay your loan off, the lien is removed, and the title is returned back to you.
  • What happens to my RV?

    As long as you make timely payments, you get to keep possession of your RV during the term of your loan, so you can still enjoy the luxury of your RV!
  • What can I use the money I receive from my loan on?

    There are absolutely no restrictions as to what you can use the money from your loan on.

REFINANCE FAQs

TITLE LOAN REFINANCE

  • What are the restrictions on refinancing?

    You must refinance the full payoff amount of your existing auto loan subject to our minimum loan amount of $2,510 and our maximum loan amount of $50,000, depending on the state. We do not offer cash-back refinancing or lease buyouts.
  • What happens after my auto refinance loan has been approved?

    You will receive a Welcome Package in 10-15 days from the closing of your loan.
  • How do I check the status of my auto loan application?

    You can call one of our friendly loan officers and they will provide an update on the status of your application.