Frequently Asked Questions

  • What is a car title loan?

    Car title loans are secured loans, which use your vehicle to back the loan. In the case of a car title loan, customers borrow against the value of their vehicle. This means that lenders will use your car’s value to determine your loan amount. For example, if your vehicle’s current market value is $6,000, then your loan amount can be up to $6,000. Borrowers can still keep their car for personal use, but will need to transfer the vehicle title to the lender in order to back their loan. Should a borrower default on the loan and is unable to repay the loan in full, vehicle ownership will be transferred to the lender to cover the debt. However, when the loan is paid off, the lender will transfer the title back to the borrower’s name.

  • How does a car title loan work?

    Car owners can use car title loans as an opportunity to borrow a loan using the value of their car. The car serves as a collateral asset for your loan since the loan is not based on your credit. Car title loans are a great option for people who struggle with poor credit because more people are able to qualify for a loan. If your car carries enough value, you’ll be able to get a loan up to that amount.

    When you take out a car title loan, you will have to transfer your car title under the lender’s name, but the title will be transferred back to you when the loan is paid off. If the borrower is unable to pay off the loan and defaults, the car will stay under the lender’s name until the loan is paid in full.

  • How fast can I receive the loan?

    Our customers have been able to receive their loan in as little as 24 hours. To expedite your process, we highly recommend our customers prepare the appropriate documents and paperwork in advance. This will cut down your processing time and help you receive your loan faster.

  • How do you qualify for a car title loan?

    With a car title loan, your eligibility for your loan is based entirely on your vehicle value. You can get an estimate for your vehicle value right away by filling out this form or by calling 888-663-7074.

    • Must be 18 years or older
    • Must have proof of income of at least $1,500 a month
    • Vehicle must have insurance and registration
    • Must own the vehicle with no car payments
    • Must have the vehicle title or pink slip
  • Can I get a car title loan without the car title?

    Since your car title will serve as a collateral asset for a car title loan, it would be necessary to have your car title in order to take out a loan. In order to qualify for a car title loan, the title must demonstrate proof that you are the owner of the vehicle in use. For this reason, the car title must be under the borrower’s name.

  • How do I get a car title loan online?

    TNL Car Title Loans is the best resource for getting a loan online. You can save an enormous amount of time by getting your loan online with us. There’s only 3 easy steps involved in getting an online car title loan with us:

    1. Give us a call today at (888) 663-7074  or fill out our online application, which will take you less than 5 minutes! Our loan officers will answer any questions or concerns you may have about the loan process.
    2. Once you are qualified for the loan, we’ll give you an estimate of how much you can take out for your loan. Then send over your important documents such as a copy of your car title, your driver’s license or ID, proof of income, and proof of registration and insurance.
    3. And that’s it! Your loan will be processed, and you’ll have access to your money through wire transfer or MoneyGram.
  • Do I need good credit for a car title loan?

    Although most lenders and banks will turn you down if your credit score is poor, you will not be disqualified for a car title loan with TNL Car Title Loans. Since the loan is based on your car’s value, you can still get a loan even if you have bad credit.

  • How much income do I need to qualify?

    In order to qualify for a car title loan, you will need a monthly income of at least $1,500 a month. However, your income can come from other sources as disability or SSI.

  • Do I get to keep my car?

    Yes, the best part about taking out a car title loan with TNL Car Title Loans is that you get to keep your car for personal use. Although the car title will be transferred under the lender’s name, your car will be yours to keep until you pay the loan off.

  • How much can I get with a car title loan?

    The amount of money you can receive from a car title loan is entirely dependent on the value of your vehicle. If your car’s current market value is $50,000 you will be able to get a loan up to $50,000. Vehicles that are newer than 1999 will typically receive a higher loan amount.

  • How do you get a car title loan with bad credit?

    A poor credit score will not affect your eligibility for a car title loan. Instead, to qualify for a car title loan, you will need a car that carries enough value to back your loan. So even if you have bad credit, poor payment history, or credit card debt, you can still be approved for a car title loan if your car qualifies for your loan. In fact, car title loans can be helpful for the borrower who needs to rebuild their credit. When a borrower consistently makes payments on time in the right amount, a car title loan can help build up the borrower’s credit score since TNL Car Title Loans reports to the three large credit bureaus.

  • What if I have a prior loan?

    Depending on your circumstance, TNL Car Title Loans may be able to help you. If you have a prior lien or have not paid off your vehicle, you will need to pay off your car in order to qualify for the loan. If your prior loan is a car title loan with another company and you would like to consider refinancing options, we may be able to help you depending on how much you have left to pay off. In any case, give us a call at (888) 663-7074  so we can help you determine what your options are.

  • What if I’m on disability or get SSI?

    If you have proof that your monthly income from disability or SSI, or another source, you can qualify for a car title loan with TNL Car Title Loans.

  • Do I need a job to qualify?

    No, you do not necessarily need a job in order to qualify for a car title loan. However, to qualify you must have a monthly income of at least $1,500 a month. This can come from other sources such as social security, pension, or disability.

  • Can I pay my loan off early?

    Yes, in fact TNL Car Title Loans encourages our customers to pay their loan off early so they can save their money on interest. We do not change any prepenalty payments so you are free to pay off the loan as early as you’d like.

  • What paperwork do I need?

    When you take out a car title loan, you will need the following documents:

    • Title to Your Vehicle (clean and lien-free)
    • Your Drivers License
    • Proof of Insurance
    • Your Address
    • The Vehicle (and full ownership)
    • Proof of income (minimum $1500 month)
    • Must be 18 or older