Car title loans are a secured loan that uses your vehicle’s value to back to loan. Your eligibility is not based on your financial history. Instead, it is based on the value of your vehicle. This means you can get the cash you need with low or no credit. The amount of your loan is based on your vehicle. If your car is worth $12,000, your loan amount can be up to $12,000.
When you take out a car title loan, you will transfer the title under the lender’s name. Don’t worry, you can still keep and drive your vehicle just like normal. Once you pay off the loan, the title will be transferred back to your name. If you default on your loan, we will keep the title until the loan is paid in full.