Welcome To Highway Title Loans
WE WILL WORK TO GET YOUR LOAN FUNDED
WE WILL WORK TO GET YOUR LOAN FUNDED
At Highway Title Loans we make it easy to get cash for your vehicle’s pink slip. Fill out our online application and answer a few questions from our underwriting team. You can keep driving your vehicle for the life of the loan!
In most state’s there’s no in store visit required and you can often finish the application and underwriting process in less than an hour. We’ll work with you to get reasonable terms with a funding amount and interest rates that works for both parties.
Getting approved for an auto title loan is a lot easier when compared to most other short term loans. Unlike a personal loan, bad credit isn’t going to a significant issue. While most lenders will still look at your employment history and ability to pay back a loan, they care more about your ability to pay back a loan instead of your recent credit history. Other factors such as showing proof of income
When it comes to paying back a car title loan it’s all about the amount of equity available in the vehicle. You should have no problem qualifying for same day cash if you have a paid off pink slip with enough equity in the car. Other factors such as showing proof of income and verifying your credit score will be important during the loan process, but ultimately most companies that offer title loans online want to know that you have a newer vehicle that’s paid off.
The underwriting process for online title loans can be completed in less than 24 hours. You’ll first need to fill out an online title loan application. It will ask for details about your employment history and vehicle information.
After you click submit the underwriting team will evaluate the application to use your car as collateral for a loan. They may need additional info or background information, but most applicants will get a funding decision within a few hours. Besides applying for a loan online you can also submit your information over the phone or in person. How much cash you receive will vary by state and other third party factors.
Car Title Loans aren’t for everyone, but there are benefits with a vehicle equity loan.
By using the available equity in your vehicle you can qualify for a secured loan. It's difficult to get approved for an unsecured loan in most cases. A personal loan lender will ask for employment information, and they will make sure you have good to excellent credit. An installment loan lender won't require excellent credit. But they will still want to verify you have a decent payback history on past loans with no defaults. With a secured car title loan, you can borrow thousands of dollars. Most companies will let you borrow 60-70% of the value from your vehicle and you can keep driving your car. The lender will take your pink slip as collateral and hand it back to you after all payments have been made.
Finance rates are high with title loans online, but nowhere near the amount you see with a standard payday loan or cash advance. Some states limit the amount you can borrow with a car title loan as well as the interest rate a lender can charge you. As an example, California has a strict limit of 36% for fees on car title loans. That's why the money you receive from a title loan in California will often be less than in other states. Check with your lender for more information on the services they provide. Confirm the fees and charges that come with your loan before you sign off on a contract. Also, make sure you can pay off your loan amount early with no penalty assessed. Most secured lenders will not asses a prepayment penalty for early payment.
Thanks for submitting your application.
Please stay by your phone for the next 15 minutes as you should receive a follow up phone call from the processing department.