How Much Money Could In Get For A Title Loan At Titlemax

equally little as thirty minutes

Turnaround time

Details

Details
Application Criteria

Product Proper name	TitleMax Auto Title Loans
Min. Amount	$2,600
Max. Amount	$x,000
Loan Term	30 days
Loan Security	Secured
Turnaround Time	as little as 30 minutes
Requirements	Must have a lien-free vehicle title, government-issued ID, and be age of bulk in your state.

Review by

Kellye Guinan

kellye.guinan@findercrew.com

Kellye Guinan is a seasoned financial writer with over 500 articles under her chugalug spanning all things loans from auto to personal to business and everything in between. With iv years in the field and five years of enquiry experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she'due south non up to her knees learning nearly the latest trends in lending, she spends her time improving her ain financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

Practiced review

Title loans practice take their risks, but if you're in need of quick money and have a car or motorcycle to use every bit collateral, TitleMax tin provide you lot with a loan no matter your credit or financial situation. It offers a big loan corporeality — up to $x,000 — provided you and your vehicle authorize.

Just repayment terms are short. In some cases, you may just have 30 days to repay what you borrow. Read the consummate terms and conditions before signing the dotted line then you lot understand exactly how much it will cost y'all.

If you're still not sure about going with a title loan, yous tin compare other title loan options.

Pros

Same-day funding bachelor
Bad credit OK
Over 1,000 storefront locations
Motorcycle title loans available

Cons

Default could lead to repossession
Must visit a storefront
Non transparent about fees
High minimum loan corporeality of $two,600

TitleMax rates, fees and terms

TitleMax offers v types of loans depending on your state: Title loans, title pawns, motorcycle championship loans, motorcycle championship pawns and personal loans. The exact amount you can borrow likewise depends on your state, just in full general, you may authorize for anywhere between $2,600 to $x,000.

Rates will depend on your state constabulary, income and other financial factors. Although TitleMax doesn't disembalm its rates, most short-term lenders charge APR well above 300%. Carefully read your loan contract to confirm you can repay your loan within the loan term.

What is TitleMax and is information technology legit?

TitleMax has been in business since 1998 — and its website uses 256-fleck SSL encryption to keep your data safe when yous submit a preapproval application. The information nerveless and stored on the TitleMax website falls under standard privacy protections. Yous tin can choose to limit sharing of your personal data past contacting a TitleMax representative.

Compare more brusk-term loan options

TitleMax reviews and complaints

BBB accredited	No
BBB rating	F
BBB client reviews	1.59 out of 5 stars, based on 22 customer reviews
BBB customer complaints	307
Trustpilot score	3.nine out of 5, based on 422 client reviews
Customer reviews verified as of	16 October 2020

TitleMax reviews are mixed. Many customers are happy with the customer service they received at local TitleMax stores. Nonetheless, some borrowers mutter of unprofessional behavior when TitleMax agents chosen borrower's family unit or work disclosing confidential loan specifics. Merely some borrowers have also complained that some fees for championship loans are hidden into the monthly payments.

TitleMax's parent visitor, TMX Finance, was as well fined by the Consumer Fiscal Protection Bureau (CFPB) for luring customers into expensive loan renewals without giving them all the facts about the deals' terms and costs. Look into your local store to see if it has its ain reviews and seek unbiased opinions before committing to a loan.

Am I eligible?

TitleMax doesn't list any specific eligibility criteria. Provided yous ain a vehicle with a lien-free championship — pregnant y'all own your car outright and aren't paying for a loan — and meet your state's minimum age requirements, you may qualify for a title loan through TitleMax.

What states is TitleMax available in?

Championship loans and title pawns are bachelor in 17 states.

Alabama
Arizona
California
Delaware
Georgia
Illinois
Kansas
Mississippi
Missouri

Nevada
New Mexico
South Carolina
Tennessee
Texas
Utah
Virginia
Wisconsin

Online loans, including lines of credit, are but available in Arizona, Delaware, Kansas, Mississippi, Missouri, Southward Carolina, Tennessee, Texas, Utah and Wisconsin.

What data do I need to utilize?

When you visit a TitleMax shop, you will need to bring a vehicle with a lien-gratuitous title in your proper name. Depending on your state, you may also demand to present a regime-issued photo ID, proof of income and proof of current residence.

How do I apply?

Visit TitleMax's website to fill out a cursory application. You lot'll need to select if your car or motorbike is paid off, enter your proper noun, Zero code and prison cell phone number. On the last page, TitleMax will ask y'all nearly your vehicle — its year, make, model and vehicle series. Striking Summate to see how much you may exist able to infringe.

When yous visit a TitleMax store, your vehicle volition be inspected while you complete a full application. If you're approved, you lot'll receive a contract stating the loan amount based on your vehicle'southward appraised value. Y'all tin cull to sign the loan contract and receive your funds or take your business elsewhere if the loan you're offered doesn't suit your needs.

What are my repayment options?

You'll have to commencement paying back your loan in most 30 days. At this indicate, y'all'll either demand to repay the total amount y'all borrowed or refinance your loan. Yous tin can pay by cash, certified check or money gild. If you live in Arizona, Georgia, Illinois, Mississippi, Missouri, S Carolina, Tennessee or Virginia, you tin can also pay by Western Union Quick Collect.

TitleMax is a legit title lender — but that doesn't mean it isn't without risks. Before yous utilise your vehicle title as collateral, other short-term loan options first.

Frequently asked questions

Brusque-term loan ratings

★★★★★ — First-class

★★★★★ — Practiced

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to aid you lot weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to 5 stars. Our ratings are based on factors that are nigh important to you, which include: loan amount, application process, fees, client reviews and borrower experience.

Read the total methodology of how we rate short-term loan providers and like services.

Source: https://www.finder.com/titlemax-auto-title-loans

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