We receive a lot of questions from interested applicants who visit our site. Some of them revolve around what fees to expect with a car title loan and how long it’s going to take to pay off the full amount. By far the most common question we receive however is whether or not they’ll need Your car title loan company will want some type of collateral to secure your loan. While there are a few lenders who want you to hand over keys for cash, most companies will only ask for your pink slip or vehicle title. They understand you can't get to work and make loan payments if you don't have a vehicle.
Each state in our country has different regulations and rules that govern finance lenders. Some states choose to let the Federal Government regulate title loan companies and others take the regulations into their own hands. That's why it's important to check your state restrictions on online title loan companies. You don't want to apply with a lender and then find out they don't allow these types of loans.
When you first apply for a loan one of the last questions you're going to ask is how much time you have to pay off the loan. Reason being, you want to find out when you get the cash and what happens to your vehicle title. But don't forget to ask what the payoff terms and time limit is.