Online Car Title Loans In Pennsylvania

Not long ago, there were dozens of companies in Pennsylvania that offered in person funding for car title loans completely online. At this same time, there were many large national lenders that provided same day funding online and over the phone.

As of 2023 however, your short term lending options are severely limited in PA because of recent legislative changes. There are still some avenues to use a vehicle as collateral for a title loan, but the requirements are significant and you won’t be able to borrow nearly as much as we saw just a few years ago.


Pennsylvania Title Loans – Are They Allowed?

The title loan industry in Pennsylvania took a major hit in 2019 when the state legislature passed a law capping interest rates at 26%. While this was good news for borrowers, it put many title loan companies out of business. These new restrictions also led to many large nationwide lenders leaving the state as it was no longer profitable to provide car title loans in PA.

The other major change that title loan companies had to deal with was the requirement to be registered with the PA Department of Banking and Securities. Many of the smaller, fly-by-night title lenders were forced to shut their doors. We still hear from borrowers all the time regarding pawn shops and small lenders in Philadelphia and Pittsburg that still offer title pawn services for local residents.



Philadelphia city view.


Is It Possible To Get Pennsylvania Title Loans With Bad Credit

From their inception, title loans have been designed for those who are dealing with low credit scores or other issues that make it next to impossible to get approved for traditional bank loans. However, the recent caps on interest rates and other financing terms have made it much more difficult to get approved for online title loans in Pennsylvania. Whereas just a few years ago a secured lender in Philadelphia could charge an applicant a rate of 36%, that APR is now limited and it’s harder to underwrite and approve a loan.

For applicants with bad credit who are looking for title loans, we recommend, contacting a few lenders in PA to see what they can do for you. There are still some title loan companies that work with borrowers who have less than perfect credit. But it’s getting harder to find them and most are restricted to borrowers in other states.


Do I Need A Job For Guaranteed Approval Title Loans In Pennsylvania

Historically, one of the main requirements to get approved for title loans was proof of employment or another source of regular income. However, as the industry has changed and title loan companies have become more desperate for business, we’re seeing more and more that are willing to work with applicants who don’t have a job. In fact, there are now title loan companies that will give you money even if you’re on unemployment or disability. Of course, the loan amounts for these vehicle title loans are lower than the average and you still need to show some income source, but it’s become much easier to get approved in Pennsylvania if you can show there’s enough money coming in each month.


Can I Apply With A Direct Title Lender in PA

There are a few ways to get an initial quote and after that, it’s up to you how to apply. You can always start with the online application here on Highway Title Loans. We need some generic details about your vehicle as well as your contact info. Once you submit that our title loan processors will get to work on calculating how much you can borrow. And if everything looks good we’ll connect you with a title loan agent in the Philadelphia area who can help you.

But you’re never obligated to take the loan just because you got a quote from us. In fact, we always encourage our applicants to shop around and compare rates before making a final decision. We think you’ll find that Highway Title Loans offers some of the best title loan terms in Pennsylvania, but ultimately, it’s up to you when deciding who you want to work with.


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