Title Loans Bad Credit |‌ ACFA

Sometimes, you need to make quick decisions in emergencies. This can sometimes lead us to regret later. If you need immediate funds, a car title loan may be an option. Bad credit car title loans are an option. If the lender isn’t right for you, you could end up with a lot more debt.

Many car title loans don’t work the way they claim. We have other options to help you get your loan without putting any of your personal property at risk. Click the link to learn more.

These loans can be risky. Take a look at your options

Most people can get a car title loan. Car title loans are approved without credit checks by lenders. The lender will use the title of your car to secure the loan. If you don’t pay the loan, the lender will place a lien on your vehicle’s title.

Due to high interest rates, 1/5 borrowers are forced to sell their vehicles if they default.

These options are better than putting your assets at stake for a loan. Many times, they offer unsecured loans to people with poor credit histories.

Personal Loans for Bad Credit

An average car loan costs 25% interest… per month. This amounts to more than 300% per year. If you borrow $1,000, and your car’s title serves as collateral, you will owe $1250

These fees do not include any setup or origination fees you may be required to pay. If you are unable or unwilling to pay the loan repayments, the lender can take your vehicle.

Personal loans for people with poor credit don’t require you to risk your assets. These lenders are skilled in creating loans for those with poor credit. This increases your chances of being approved.


MoneyMutual is a popular online lending platform. The network has partnered with more than 2,000,000 lenders in 49 states. MoneyMutual does not offer new York. You can apply for multiple short-term loans of up to $2,500 by filling out a quick pre-qualification. Terms and interest rates may vary depending on the lender you choose.


CashUSA.com is accessible in all 50 US States. You can get loans up to $10,000 and have your loan approved within minutes. It offers interest rates significantly lower than those of a traditional car loan, with rates ranging from 5.99% to 35.99%.


CreditLoan offers the lowest minimum loan amount on this list, with options starting at $250 and topping off at $5,000. The network’s lenders offer same-day approvals and electronic funding to a linked account within one day. Partners lenders don’t require applicants to have a minimum credit score to approve them and can often help applicants with poor credit find the right loan option.


Bad Credit Loans has one of the most accessible prequalification forms. In as little as three months, you could receive multiple loans ranging from $500 to $5,000. The repayment terms can vary from 3 to 60 months.


PersonalLoans.com accepts applications from all credit types. Each lender has its acceptance criteria. However, most lenders will accept applicants with bad credit. Lenders offer loans starting at $500 up to $35,000. According to the network, it can process an application and get funding within one day. This is great news for those who need cash fast and are in a rush.


For a $100-$1,000 cash advance, applicants must apply to CashAdvance.com You must have at least $1,000 in a monthly income and be able to work for at least 90 days. These short-term loans usually have a one to two-week repayment period with interest rates that reach as high as 2,290%. Be sure to have the funds available to repay your loan as scheduled before you consider this option.

Refinance loans for cash-out

If you are currently paying your monthly car payment, you may be eligible to receive a cash-out refinance loan. These loans can be used to pay your current car value. You use the proceeds to repay your car loan. The remainder can be kept as cash. You repay the new loan in the same manner as your vehicle loan.

These lenders will work with vehicle owners with different credit histories to offer cash-out refinancing loans to allow you to access the equity in your vehicle.

Auto loan from Car.Loan.com

Auto Credit Express assists applicants with bad credit to find dealers who can help them get financing options for new and used vehicles. Since 1999, the network’s lenders have underwritten over $1 million in bad credit auto loans. For eligibility, applicants must show income verification of at least $1,500 each month.

Auto Credit Express

Car.Loan.com claims that thousands of car buyers use their network every day to find financing options. This includes cash-out refinance. The network offers loan options for applicants with poor credit and recent bankruptcies.


MyAutoloan.com lets you receive up to four loan proposals in just minutes after you submit the prequalifying form. The network will point you to the lender’s website if you can find the right loan option. The paperwork will be completed, and you’ll receive your funds within 24 hours.

5 Online Auto Title Loans for Bad Credit

If you’ve exhausted all options and feel that a car-title loan is the best option, these online lenders may be able to help. They are available all over the country and can offer loan packages that include electronic transfers of loan funds to a linked checking account.

1. TMG loan processing

Tradition Media Group provides online and telephone application options at any time of day or night. Auto title loans are available starting at $50,000. The loan amount will depend on your vehicle’s equity and your ability to make monthly payments. If you are approved, your loan funds will be available within one business day.

2. Title Loans

MaxCash Title Loans has been able to provide funding for over 350,000 applicants with poor credit histories. They can usually provide funding in less than a day. A lender may offer a loan to finance your vehicle, or a cash-out refinance loan, allowing you to access your ’s equity card.

3. Premier Title Loans

Premier title loans need a clear pink slip and a vehicle that is paid off. After submitting your application, you can receive preliminary approval within 15 minutes. Some applicants may be eligible for same-day funding, but this is subject to a fee. Most loans are paid within one day.

4. Champion Title Loans

Title loans do not serve as a lender. Instead, it will submit your application to multiple lenders and return with the loan option that suits your needs. Tradition Media Group (named here) manages the website and brokers all loans made through it.

5. Ace Cash Express Loans

Ace Credit Express provides a variety of short-term, high-interest loans. The lender can help you apply for an auto loan or payday cash advance loan. ACE has offices across 23 states that will accept your application. Online applications are also possible. Your loan proceeds will be electronically received in less than one day.

Can you get a title loan even if your credit is not good?

Most auto title lenders won’t care about your credit score when considering your application because they offer secured automobile loans that use your vehicle as collateral.

If your vehicle is in good standing and has equity, a title loan may be approved.

Because they offer a fallback option for you if you default on your loan, title lenders will accept poor credit histories. If you default on your payments, the lender can use your car’s title as a guarantee.

Unsecured loans don’t require that you take on any personal risk to get approved. These loans require credit checks and strict approval. If you default on your payment, the lender has no recourse and can sell the loan to a collection agent for pennies per dollar.

To lower the risk, lenders often look at your payment history. Lenders may take your car and sell it to recover the amount borrowed.

Most auto title loan applications don’t include credit history information. Instead, the lender will ask for details about your vehicle and proof that you own it. The lender will also require proof of income to prove how much you earn, your monthly bills, and your debt-to-income ratio.

Once you have determined that you can afford the loan, the lender may issue funds quickly. In the event of non-payment, the lien will allow the lender to gain access to your vehicle.

What is a Maximum Loan You Can Get for a Title Loan?

Lenders often offer auto title loans to customers with poor credit histories. These loans usually have high interest rates and shorter repayment terms.

They also offer low payouts.

Lenders want to make money. Lenders are motivated to make money. Lenders want to make money by minimizing their risk and maximizing the interest options. These loans are often in default, so the only way lenders can guarantee a profit is to loan you substantially less than the car’s actual value.

The agency can sell the vehicle to recoup original loan funds if you don’t pay your monthly payments. Your interest will earn the agency the same amount as your monthly payments. Sometimes, they may make more selling your car than if you pay your monthly loan payment.

The loan amount you are eligible for will depend on your lender’s loan-to-value ratio guidelines. Lenders will only lend you the amount of your vehicle’s current value.

Lenders will typically lend between 50% and 85% of your vehicle’s Blue Book value. Some lenders will lend as low as 20% and as high as 120%, although this is rare. There are not many lenders who publish their loan-to-value ratio standards. Before you apply, contact your lender to get an idea of the loan-to-value ratio you may be eligible for.

You should be aware that some lenders may charge additional fees, such as origination fees, set-up costs, or other fees to your loan. This could reduce your payout. Due to high interest rates, these loans can be costly.

Your lender should inform you about all fees before you sign for a loan. You should always ask your lender before signing any agreement.

Title loans are subject to credit checks.

Each lender sets its criteria for accepting loan applications. While some lenders may require income verification and a credit report to approve loans, many auto title lenders won’t need these. They will instead request proof of income as well as details about your vehicle.

Lenders don’t care about credit, as they can profit from the loan regardless of whether it is paid back. Lenders make money from each payment as well as the interest they charge. They can also take your vehicle if you fail to make payments.

Interest rates not subject to credit checks can rise to 25% per calendar month, more than 300%. Many pay additional fees, such as setup fees.

To serve as collateral, many auto title lenders require that borrowers place a GPS unit in their vehicle to serve as collateral. The lender can track the vehicle’s movements and determine its location when it is needed.

Your lender doesn’t have the right to harass you about your location. Perhaps you should.

Many online auto title lenders rent office space out offshore to circumvent federal and state laws that limit their ability to charge interest and fees.

It is possible to fall for any deal that appears too good to be true, as with many things in life. A car title loan may not be the best financial option for everyone. Before you apply for these loans, consider the following alternatives.

A title loan for your car could make your situation even worse

Emergencies aren’t for everyone. Cash is not always available in a quick manner when you need it.

A title loan for your vehicle can be worse. If the lender seizes your vehicle and cannot repay the loan, you could find yourself in massive debt.

Consider the alternative to car-title loans before you place your personal property at risk. These loans could be approved in a matter of hours and have lower fees. There are also fewer risks.


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