Need some fast cash? Bad credit history? We don’t mind about your past, just the future. Try Max Cash Title Loans and get cash today!
- Need a little or need a lot…. small or large loans are easy here!
- No Pre-payment Penalties 3
- Same Day Approvals & Same Day Funding 1
- Keep your car. Just use your car title!
Looking for the best deal on fast and convenient emergency funding? Look no further than your friends at Max Cash Title Loans, the #1 Nationwide Title Loans Referral Service!
Max Cash Title Loans is a free service that connects people with their best option for title loans.2 5 A title loan can be a quick and easy way to get short-term emergency money when no other options are available. If you are tired of getting denied for traditional bank loans because of past bankruptcy, poor credit, or other unfortunate financial circumstances, an online title loan may be the perfect financial solution for you.1
Learn more about Title Loans here. The more information you have the better prepared you will be for financial success! Max Cash wants to help you achieve your financial goals, so we have created this complete guide to title loans, that way you have the facts upfront.
What is a Title Loan?
Title Loans are a unique kind of funding that uses a qualifying vehicle title as collateral to secure an emergency short-term loan. Meant to be the option available when there are no other funding options out there, title loans are convenient because they cater to people from a wide variety of financial backgrounds. People with good credit, poor credit, or even no credit can all be approved for a title loan easily.5
If you are looking for the best way to find a title loan, you want to start with Max Cash Title Loans. We have been in the title loan industry for over a decade, so we know what it takes to find the best deal
What is Title Loan Collateral?
For title loans, the collateral used to make the funding secure is the borrower’s qualified vehicle title. The car’s title must also be in the name of the borrower.
Regarding a car title being in the borrower’s name, there are a few ways this can happen. If the vehicle belongs solely to the title loan borrower, then the title should be in only their name. But sometimes there may be multiple names on a vehicle title, meaning that the car officially belongs to multiple people. In this case, it is important to take a close look at the wording on the vehicle’s title. If the word “OR” is between the multiple names on a car’s title, then it may be acceptable for just one of the individuals listed to use that title as collateral for an auto title loan. If the word “AND” is between the multiple names on a car’s title, then both parties listed will be required to consent to using the car title as collateral for a single loan.
It is important to note that only one auto title loan may be active using any one vehicle at a time. This means that it is not possible to take out multiple car title loans at the same time, attempting to use the same car as collateral for each loan.
How Your Car is Valued for a Title Loan:
There are 5 main things the title lender needs to know on the car itself:
Year Make Model Mileage Trim
Trim package and extras you have added since purchase of your vehicle, also known as “aftermarket items,” are frequently overlooked, but could make a difference between the vehicle being qualified or not. Also, if you know the VIN number of your car, this will make it much easier an much more accurate to get the correct value.
