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About Our Car Title Loans
When you take out a car title loan, you’re using the pink slip from your vehicle as collateral to secure the loan. Like a payday loan or cash advance, you can expect high interest rates with this type of financing. Most lenders will let you borrow anywhere from 50-75% of the equity in your car. You have to sign over the title to your card but you should be able to keep driving your vehicle with on-time monthly payments. Try to pay off the total amount quickly and contact your lender if you feel you’re going to miss a payment.
Southeast Title Loans features an online application that allows consumers to find the best rates and terms in their state.
- Input your personal information
- Get in contact with customer service
- Send in any necessary information and documents
- Get funds from your lender within 24 hours
You can expect decent rates and a monthly payment option with most companies that offer title loans. The interest rate and loan amount will depend on the equity in your vehicle and other underwriting conditions.
- Get cash for your car title within one business day!
- Quick online approval and funds notification!
- Customer service is available 24/7.
- Bad credit is fine, no need for a good credit score.
Online Application Requirements For A Car Title Loan
Most applicants for auto title loans online can receive a successful funding decision within 24 hours if they meet the approval requirements. For most auto title loans, you’ll need a newer car that you own free and clear. That means a lender or finance company can’t have a lien against your car, and you need to have paid off any previous loans that were on the pink slip. You also can’t be in bankruptcy proceedings and you need to show that you can make the payments when they become due each month. You may need to provide proof of income and verify employment to ensure you can pay the full loan amount. Some companies may want to call your employer, verify banking information and make sure you have no active title loans. It often won’t be a big issue if you have bad credit or past payment issues with personal loans. But many of the larger car title loan lenders will run a credit check to ensure you have minimal late payments with no extraordinary credit problems.
You have a few options when it comes to making your monthly title loan payments. Feel free to set up a convenient auto draft service that debits the money from your checking account each month. You can also send the money by mail or ACH. Borrowers can make payments in person as well. You can apply for an auto title loan online, or you can meet with us in person. Feel free to stop by any of our locations in the Southeast. We’re in Georgia, Florida, Mississippi, South Carolina and Tennessee with more locations on the way!
Customer Notice : A car title loan is intended to meet short term financial emergencies. Understand that with vehicle title loans you’re going to use your car as collateral. Any missed payments may result in late fees and an eventual repossession of your vehicle. Most online applications will need up to date vehicle information and an in person inspection to qualify for next day funding. Take your time when searching for a lender and research any company you choose to work with. Look into other forms of borrowing before you consider a secured loan. Contact your local bank or credit unions to see if they offer an alternative type of emergency loan funding that lasts for 30 days or less. Most traditional personal loan offers will come with a lower APR and better payoff terms than what you see with companies who provide car title loans.