Things To Keep In Mind When Getting Online Title Loans

Things To Remember About Online Title Loans

Here are some things to keep in mind when getting an online title loan. Online title loans have become famous among borrowers within a short time. The reason behind this is their ability to easily solve your financial issues with ease. No wonder financial issues can occur to anyone, and getting traditional loans can only make it worse. But with title loans, you can be on the safe side. 

These loans are all about using your car as collateral. It involves a simple process of application which only takes half an hour or an hour to get one with. Also, there is no involvement of credit score when you are getting the loan. You only need to have a lien-free vehicle when applying for title loans. 

Things to keep in mind when getting online title loans
Things to keep in mind when getting a title loan

Getting Your Title Loan

However, it is true that not every time, title loans are going to work in your favor. Thus, you need to be careful, especially when you are a newbie. Here are some points which you need to keep in your mind to get the best title loans

  • Value of the loan – This is a highly essential thing that you need to keep in mind before applying for title loans.  You can use the NADA to find out your vehicle’s wholesale value. However, it is in the hands of the lender who decides the loan value. You can easily get around 25% to 75% of your vehicle’s wholesale value. But sometimes, the lender can lower the value of your loan if there is some outstanding loan against it. So, ensure the value of your loan before signing the contract. 


  • Rate of interest – Whenever you are searching for a car equity loan near me, ensure that you are aware of its rate of interest. If you are going for a loan that spans for one year, then the amount of the loan will cost three times more in comparison to the borrowed money. Try to have an open conversation with your lender and understand everything. 


  • Vehicle repossession – If you are going for title loans online, then you need to keep your car as collateral. This allows the lending company the right to repossess your car when you are not able to repay the loan. This is the reason that you need to be extra careful when it comes to repaying the loan. Otherwise, your car can be repossessed by the lender. 


  • Credit checks – A lot of people still believe that getting online title loans means showing your credit score or credit history. This is not true. There is no involvement in your credit score when you are applying for online title loans. So, if you have a great credit score or zero credit score, your lender will not consider it while offering you the loan. You only need to have a lien-free car or vehicle. 

Conclusion On Getting Title Loans

Whenever you are searching for a car equity loan near me, ensure that you keep all the things mentioned above in your mind. This will allow you to avoid any mistakes and stay safe from being swindled by unknown lenders. Also, these things will allow you to get the loan with great convenience.

At TFC Title Loans we will be able to get you the right loan for you, that will work within your budget.

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DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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