What are Title Loans?

What are Title Loans?

A title loan is a short-term loan that uses a vehicle's free and clear title as collateral for the loan. The lender will place a lien on the title during the time when the loan is active once the borrower pays off their title loan. The borrower will pay back the loan plus the lender’s finance charge and any other fees. The borrower will keep and drive the vehicle during the time of their active loan.

Advantages of a Title Loan:

Car title loans are high-interest rate loans that are designed for people who need cash fast to pay bills or an unexpected expense. Credit checks are sometimes not required by the lender and make the process for quick approval. American Title Loans offers two types of loans:

1.    Interest only loans that are meant for customers that are planning to pay off in the first month.

2.    Amortized loans are meant for customers that prefer a payment plan. This loan will be for 6, 12, or 18 months and will have a monthly fixed payment amount that covers the interest and the principal.

A title loan can be great for those that understand how it works and to make sure all the payments are made on time. Make sure to speak with a customer service representative and make sure that all your questions and concerns are answered before applying for the loan. Getting the correct information on a title loan will give you a better understanding how to pay off your loan quickly.

What types of vehicles can I get a title loan for?

Cars/Autos, Trucks, Motorcycles, RVs/Campers.

How much can I get for a title loan on my car or vehicle?

At American Title Loans we can loan you up to $500 as a minimum and up to $25,000 as a maximum. Get your free quote today!

How fast can I receive the funds?

With American Title Loans the entire process generally takes less than 30 minutes. So not only can you continue to use your car, but you will also leave our store with the money you need.

Title Loan requirements:

Getting a car title loan could not be easier. If your car is paid off and you have the car title and an ID, you are on your way. Just stop and get the process started in. We also offer loans on Motorcycles, Boats and RV*

‍ _{*Account approval subject to vehicle inspection, appraisal, application verification and ability to repay the loan. You must be at least 18 years of age. Restrictions may apply, see a store representative for details.}

What’s not required for a Title Loan?

At American Title Loans we waive several requirements that a traditional loan requires. No credit check needed, no insurance needed, and you keep your car.

No Insurance is required in most states except Georgia*, our goal is to get you the funds you need!

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_{*Must provide current insurance verification prior to getting a loan.}

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How does a Title Loan work?

https://www.americantitleloans.com/how-car-title-loans-work

Is there a Title Loans location near me?

We have locations in Utah, Georgia, and Kansas. Find an American Title Loans near you: 

Title Loans in Utah 

o   Clearfield

o   Midvale

o   Salt Lake

o   West Valley

If you have any other questions, please visit one of our locations above, contact us directly or apply now! 

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