The entire loan process take less than 30 minutes.

How Much Money Can I Borrow?

All loans start at $2,500 and up. The maximum amount you can borrow is based on the value of your vehicle.

Can I apply for a title loan with bad credit?

Yes. We don’t check your credit. The qualification is based on your car.

Does my car need to be paid off?

NO. In some cases, we can pay off the existing balance on your car.

Can I pay off my loan early without a penalty?

Yes, we do not charge prepayment fees. We encourage you to pay back as early as you want.

How long do I have to repay the loan?

Most loans are between 12 and 36 months.

Do you keep my car during the auto title loan?

NO. We are just added to the title as a Lien Holder.

Can I get a car title loan if I cannot find the title to my car?

Can I get a car title loan if someone else’s name is on the title with mine?

What if I don’t have an insurance?

We can help you with finding the best possible insurance.

How do I get my title back?

Quick Title Loan will return your title immediately after you pay back the full amount due on your loan.

What documentation do I need to provide for a car title loan?

Original Title (Lien Release acceptable), Registration, Proof of Insurance – Full coverage, ID (Matricular card OK), Proof of Residence (Current utility bill), 4 References (Family and friends)

Will you inspect my car?

Yes, your vehicle will be inspected when qualifying for a loan.

If I do not pay, will my car be repossessed?

Title loans use a vehicle as collateral. Quick Title Loans believes in working with customers who fall behind on payments. Repossessions this is a final measure and is a not a desirable outcome for either party.

Title Loans vs Payday Loans: Which is the Better Option?

When you’re in need of fast cash, it can be hard to choose between a title loan and a payday loan. Did you know that these two options can significantly differ in fees, terms, and flexibility? Understanding the pros and cons of each can help you make an informed choice. In this article, we’ll break down everything you need to know about title loans and payday loans, helping you decide which option suits your needs best. Quick Title Loans is here to guide you through these choices, so you can secure cash responsibly and affordably.

What is a Title Loan?

A title loan is a secured loan where you use your vehicle’s title as collateral. This type of loan allows you to borrow based on the value of your car, and lenders like Quick Title Loans often offer more flexible repayment terms than payday loans.

Key Features of Title Loans:

Collateral Requirement: Requires a vehicle title as collateral.
Loan Amount: Usually a higher loan amount than payday loans, based on car value.
Interest Rates: Generally lower interest rates than payday loans.
Repayment Terms: Typically, a longer repayment term, ranging from 30 days to several months.

What is a Payday Loan?

Payday loans are short-term, unsecured loans intended to cover urgent expenses until your next paycheck. These loans can be helpful in emergencies but often come with high fees and shorter repayment terms.

Key Features of Payday Loans:

No Collateral: Does not require collateral, making it an unsecured loan.
Loan Amount: Typically small, often under $500.
High Interest: Higher interest rates compared to title loans.
Short Repayment Period: Due on your next payday, usually within two weeks.

Title Loans vs Payday Loans: A Detailed Comparison

Loan Amounts and Accessibility

Title Loans: With Quick Title Loans, title loans often provide access to a larger loan amount, as the loan is backed by your vehicle’s value.
Payday Loans: Payday loans offer lower amounts, usually limited to a few hundred dollars.

Interest Rates and Fees

Title Loans: Since title loans are secured, they tend to have lower interest rates, making them a potentially more affordable choice for those who can provide collateral.
Payday Loans: Payday loans are notorious for high fees and interest rates, with annual percentage rates (APRs) reaching several hundred percent.

Repayment Flexibility

Title Loans: Repayment terms for title loans from Quick Title Loans can range from a month to several months, giving borrowers more time to repay.
Payday Loans: Repayment is due on the borrower’s next payday, often within two weeks, which can lead to financial strain if funds are tight.

When to Choose a Title Loan Over a Payday Loan

If you need a larger sum of money and can provide collateral, a title loan may be the better choice. Title loans offer lower interest rates and more flexible repayment terms, reducing the pressure on your next paycheck.

However, if you only need a small amount and have no collateral, a payday loan might work for very short-term needs. Just remember that payday loans often come with high fees, which can add up quickly if the loan isn’t repaid promptly.

Tips for Responsible Borrowing

To make the most of either loan type and avoid financial pitfalls, consider these tips:

Borrow Only What You Need: Avoid over-borrowing to reduce repayment strain.
Plan for Repayment: Set a repayment plan that aligns with your income.
Understand Fees and Terms: Always read the fine print for both title and payday loans.
Avoid Rollovers: Extending payday loans can lead to significant debt buildup.

Which Loan is Better for You?

When it comes to choosing between a title loan and a payday loan, title loans generally offer more favorable terms, especially for those with access to collateral. Quick Title Loans provides flexible and affordable options that can help you meet your financial needs without the stress of excessive fees or tight repayment timelines. While payday loans may seem convenient, they can lead to a cycle of debt due to high interest and short terms. Ready to take control of your financial future? Reach out to us to explore your title loan options today.