Frequently Asked Questions

Most title lenders don't have a minimum credit score requirement because title loans are secured by your vehicle's value rather than your credit history. While lenders may review your credit as part of their evaluation, vehicle equity and income verification are the primary approval factors.¹ This makes title loans accessible to borrowers with poor or limited credit.

When lenders advertise "no credit check," they typically mean your credit score won't be the deciding factor in approval. However, most lenders still perform a soft credit inquiry to verify your identity and assess risk. The key difference is that title loan approval is based primarily on your vehicle's value and your ability to repay, not your credit score.¹

Your credit score may influence your interest rate, but it's not the primary factor. Title loan rates are typically determined by your state's regulations, the loan amount, your vehicle's value, and the lender's policies. Borrowers with better credit may qualify for slightly lower rates with some lenders, but the difference is usually minimal compared to traditional loans.

Most title lenders don't report to the three major credit bureaus during the application or approval process, so simply getting a title loan typically won't impact your credit score. However, if you default on the loan and it's sent to collections, that could negatively affect your credit. Some lenders may report positive payment history, which could potentially help your score.

Yes, many people qualify for title loans after bankruptcy because approval focuses on your current vehicle equity and income rather than past financial difficulties. Whether your bankruptcy is discharged or still active, you may still be eligible if you own your vehicle outright and have verifiable income.¹ Each lender has different policies, so approval depends on individual criteria.

Bank loans heavily weigh your credit score, debt-to-income ratio, and financial history, often requiring good to excellent credit for approval. Title loans prioritize your vehicle's value and current income, making them accessible to borrowers who wouldn't qualify for traditional bank financing. The application process is also faster—often same-day approval² versus weeks for bank loans.

Most title lenders don't regularly report payment activity to Experian, Equifax, or TransUnion, which means on-time payments typically won't help build your credit score. However, missed payments that result in default or collections may be reported and could damage your credit. If building credit is important to you, ask potential lenders about their reporting policies before applying.

Paying off a title loan may improve your credit score if your lender reports to credit bureaus, but most title lenders don't report positive payment history. The primary credit benefit comes from avoiding default and collections. If credit building is a priority, consider asking lenders if they report to credit bureaus or explore secured credit cards and credit-builder loans designed specifically to improve credit scores.

Getting a title loan near you is simple with TitleHarbor. Just fill out our quick online form with your vehicle and contact information, and we'll connect you with verified lenders in your area who can review your application quickly. You can complete the entire process online or visit a local lender to potentially get cash the same day.²

You'll need three basic things: a clear car title in your name, a government-issued ID, and proof of income like pay stubs or bank statements. Most lenders also want to see your vehicle for a quick inspection, but the requirements are much simpler than traditional loans—no perfect credit needed.

You can get cash fast by using your car title as collateral for a loan through TitleHarbor. Our network of lenders can review your application quickly and may be able to get money in your hands the same day,² often within just a few hours. The best part? You keep driving your car while you repay the loan.

The fastest way to get a title loan is to apply online right now through TitleHarbor. Our digital application takes less than 5 minutes to complete, and you'll get matched with lenders who can review your application promptly. Most customers receive responses quickly, and many have cash in hand within 24 hours or less.²

You can typically borrow anywhere from $1,000 to $10,000 based on your vehicle's value, with some loans going even higher for newer cars. The exact amount depends on your car's make, model, year, and condition—but our lenders will give you a free quote with no obligation so you know exactly what you may qualify for.

If you can't pay your title loan on time, contact your lender immediately to discuss options like payment extensions, refinancing, or setting up a new payment plan. Ignoring the problem could lead to your vehicle being repossessed, but most lenders want to work with you to find a solution that keeps you in your car.

You may qualify if you own a vehicle with a clear title, have a steady income source, and are at least 18 years old. TitleHarbor works with lenders who consider applicants with all credit types, so even if you've been turned down for traditional loans, you may still be approved based on your vehicle's value.

The requirements are straightforward: you need to own your vehicle outright with a lien-free title, provide a valid driver's license or state ID, and show proof of income or ability to repay. You'll also need basic documents like vehicle registration and proof of insurance. Many lenders don't require a credit check.

It can take as little as 30 minutes to get a response and just a few hours to receive your cash. From the moment you submit your application on TitleHarbor, our lenders work fast to verify your information and get you funded—many customers receive money the same day they apply.²

Yes, you can get a title loan with bad credit! Unlike banks and credit unions, title loan lenders focus on your vehicle's value and your ability to repay, not your credit score. TitleHarbor specializes in connecting people with bad credit, no credit, or past bankruptcies to lenders who may approve applications that traditional lenders decline.

A title loan is a secured loan that uses your vehicle title as collateral. You borrow money based on your vehicle's value while continuing to drive it. The lender places a lien on your title until the loan is repaid. If you fail to repay, the lender may repossess your vehicle.

Loan amounts typically range from $1,000 to $10,000, though some lenders may offer higher amounts for high-value vehicles. Most lenders offer 25% to 50% of your vehicle's current market value. The exact amount depends on your car's make, model, year, condition, and mileage, as well as lender policies.

The entire process can often be completed in as little as a few hours. Online applications typically take just a few minutes, and you may receive offers quickly. Once you choose a lender and complete verification, same-day funding² may be available depending on the lender and your situation.

Yes! You keep and drive your vehicle throughout the loan term. The lender only holds onto your vehicle's title as collateral. You maintain full use of your car for work, errands, and daily life.

Most cars, trucks, SUVs, and motorcycles can qualify. Vehicles typically need to be less than 15 years old, in working condition, and have a clear title in your name. Some lenders also accept RVs, boats, and classic cars.

Generally, no. Title loans are secured by your vehicle, not your credit score. While some lenders may check credit, bad credit, no credit, or even bankruptcy typically won't disqualify you. Your vehicle's value is the primary factor, though approval depends on individual lender criteria.

You'll typically need: a government-issued photo ID, your vehicle title (clear and in your name), proof of income (pay stubs, bank statements, or benefits letter), proof of address (utility bill or bank statement), and vehicle registration and insurance.

Generally, no. You need a clear title with no liens. However, if you only have a small balance remaining, some lenders may pay off your existing loan and roll it into a new title loan. This is called a refinance.

Title loans are available in about 20 states, including Texas, Georgia, Arizona, Tennessee, Missouri, California, Nevada, Virginia, and others. Laws vary by state, and some states have banned or heavily restricted title lending.

Yes, self-employed individuals can qualify by showing proof of income through bank statements, tax returns, 1099 forms, or other documentation showing regular earnings. Approval depends on individual lender requirements.

Title loan APRs typically range from 100% to 300%¹ annually, though rates may vary by lender and state. This is significantly higher than traditional loans. Monthly interest rates often range from 25% to 50%. It's crucial to understand the total cost before borrowing.

Most title loans require monthly payments over 15 to 30 days, with the option to roll over into a new loan term. Some lenders offer installment plans with longer repayment periods. Payments typically include principal and interest.

Common fees include: origination fees (processing your loan), lien fees (recording the lien on your title), late payment fees, and rollover fees if you extend your loan. Always ask for a complete fee breakdown before accepting.

Many lenders allow early payoff without prepayment penalties. Paying early can save you money in interest charges. Always confirm the early payoff policy with your specific lender, as policies vary.

Missing payments typically results in late fees and additional interest. Continued non-payment can lead to loan default and vehicle repossession. If you're struggling, contact your lender immediately to discuss options.

The main risks include: high interest rates making repayment difficult, the possibility of losing your vehicle to repossession, getting trapped in a cycle of debt through rollovers, and borrowing more than you can afford to repay.

If you default on your title loan, the lender can repossess your vehicle. They'll typically sell it at auction to recover the loan amount. If the sale doesn't cover your debt, you may still owe the difference (deficiency balance).

Title loans should be considered carefully and typically only for genuine emergencies when other options aren't available. Consider alternatives first: personal loans, credit union loans, borrowing from family, negotiating with creditors, or local assistance programs.

Alternatives include: personal loans from banks or credit unions, credit card cash advances, borrowing from friends or family, payday alternative loans (PALs) from credit unions, negotiating payment plans with creditors, and local emergency assistance programs.

Protect yourself by: only working with licensed lenders, never signing blank documents, reading all terms carefully before signing, avoiding lenders who pressure you, verifying all fees upfront, and keeping copies of all documents.

No, TitleHarbor is not a lender. We are a lead generation service that connects consumers with third-party lenders. We don't make lending decisions, set loan terms, or fund loans. All lending is done by independent lenders in our network.

We receive compensation from lenders when you submit a loan inquiry through our site and are connected with a lender. This referral fee doesn't increase your loan cost - it's paid by the lender from their margin.

Yes, we use industry-standard 256-bit SSL encryption to protect your data during transmission. We do not sell your information to unauthorized parties. Your data is only shared with lenders in our verified network for the purpose of matching you with loan offers.

No, there is no obligation. Submitting an inquiry through TitleHarbor only connects you with potential lenders. You can review offers and decide whether to proceed. You can decline any or all offers at no cost.

We verify that all lenders in our network are properly licensed in their operating states, follow responsible lending practices, provide clear disclosure of terms, and maintain good standing with regulatory authorities.

Title loans are legal in about 20 states, with regulations varying significantly. Some states have interest rate caps and term limits, while others have minimal regulation. Some states have banned title loans entirely due to consumer protection concerns.

Your rights vary by state but typically include: receiving clear disclosure of all loan terms, a copy of your signed agreement, the right to rescind within a certain period, protection from unfair collection practices, and the right to dispute errors.

You can file complaints with: your state's Attorney General office, the Consumer Financial Protection Bureau (CFPB), your state's financial regulatory agency, and the Better Business Bureau. Keep copies of all documents and correspondence.

Lenders must disclose: the Annual Percentage Rate (APR), total amount of interest, all fees and charges, total amount you'll repay, payment schedule, consequences of default, and your right to rescind (if applicable in your state).

Repossession laws vary by state. Most states require lenders to provide notice before repossession, but some allow "self-help" repossession without court action once you default. Check your loan agreement and state laws for specifics.