title loan background Auto Title Loans in Hammond, Indiana

Car Title Loans in Hammond, Indiana


How much is my car worth?

Many people in the Hammond area find themselves in quick need of money with no real way to get it. Whether you have a big bill due or you’d like to buy something you can’t afford, a title loan from LoanCenter could be the answer that you’ve been looking for.

In case you’re not familiar with them, title loans are loans that are given to borrowers who possess vehicle titles in their names. They must be eligible to provide the vehicle title as surety for the loan. Typically, they also need to possess a means of valid regular income and be at least 18 years of age.

If you can meet these very simple stipulations, then there’s a good chance that you can qualify for one of our title loans and all of the advantages that exist along with it.

Don’t Believe the Lies about Title Loans

There are many lies about auto loans. One of the most common is that title loans force you to give your auto over to the lender. However, this is not accurate! The reality is that you use your title as collateral, but you still get to continue using your vehicle as you complete the loan. Your car never has to leave your ownership at any time, which should help you to relax!

 If worrying about what you would do without a method of transportation kept you away from considering a title loan, now you know that this is not a viable concern. In fact, there are many pieces of inaccurate information floating around about title loans!

So, before you believe something that gives you pause or makes you shy away from title loans, ask us or research them yourself. You’ll find that these loans are a lot more basic and more straightforward than most people give them credit for.

Learn How to Qualify

Most varieties of loans have very stringent criteria that borrowers must meet in order to qualify. Often, this includes excellent credit.

Car title loans, on the other hand, are not nearly as strict. So, even if you have been rejected for other types of loans, there’s a great chance you can still qualify for a title loan. As mentioned, you do need a vehicle with an unhindered title. If there have been any liens on the vehicle at any time, that doesn’t immediately disqualify you, but you may need to show proof that those liens have been lifted before you can qualify.

In addition to the vehicle title, you’ll need proof of identity, as well as proof of verifiable income. This is to demonstrate that you’ll be able to fulfill the loan. 

In terms of your credit, you can qualify even with bad credit or no credit, though having good or decent credit can help you to qualify for a reduced interest rate. However, even when borrowers have imperfect credit, we still offer some of the most reasonable interest rates around.

As you can tell, the qualifications for title loans are not extreme. Almost anyone can get one. And, the more your car is worth, the more money you can qualify for. So, if you have a recent car or a car that’s otherwise expensive, getting the money you require shouldn’t be difficult. You can typically borrow any amount that doesn’t exceed the car’s overall value.

However, drivers with less valuable cars can still borrow. And, sometimes, borrowing lesser amounts with an older vehicle or just not taking the total amount you’re offered can be smart. It can make the loan more manageable and easy to pay back. Ultimately, we’ll let you know what you can borrow, and then you can make your own choices from there.

Superior Speed

If you’re like many title loan borrowers, then you need to have your money as quickly as possible. Don’t worry. We definitely understand that, which is why we process loan applications incredibly quickly. You can get approval from us in just a few minutes of your time. And, even better yet, we’ll get you your money fast too. Many borrowers are even able to get their funds on the very same day they get approved for them.

This is definitely not the case with more traditional lending options. With those routes, the application process is incredibly long and complex. It can take you awhile just to gather all the mandatory documentation and fill out the application. Then, you can expect to wait several days or even longer, especially during peak times, for your loan application to be looked at. Since approval rates are low, you could wait all that time just to find out you’re not getting any money. And, even if you do get approved, you can expect to wait longer for your funds to come through and then even more time for them to clear and be available for use.

As you can see, other types of loans really aren’t a good fit for the borrower in a time crunch. So, even if you can qualify for other borrowing options, title loans are the way to go if you need to get your money as soon as possible.

Potentially Improve Your Credit

Since we are not very strict about credit the way that so many other lenders are, we end up lending to a lot of people who have less than perfect credit. The good thing about that, however, is that their credit often gets better by the end of the loan term.

When you make your loan payments as agreed upon, that information may be reported to the credit bureaus. This, in turn, can help to improve your credit. And, when you pay off the loan, that final payment can have a big effect on your credit score as well. This can provide for more types and lines of credit in the future, which shows that title loans can benefit you both now and later.

How fast will I receive my loan amount?

We work rapidly so that you get your funds immediately.

Can you use the loan amount on anything?

Your loan total is yours to use as you wish. Spend it on bills or on a big purchase. It’s up to you!

How do I learn more?

Apply for a loan with LoanCenter right away! The sooner you do, the more quickly you could have money in your pocket.

Contact Us Today

Store Locator > Indiana > Hammond

Personal Loan benefits

  • Fast approvals
  • All credit scores accepted with proof of income
  • Repos and bankcruptcies OK
  • Keep your car during the life of the loan

If you have questions, we have answers. Head over to our Frequently Asked Questions.

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