I lost my job and my benefits. I fell and broke my arm on a patch of ice while out walking the dog. I need a quick loan for my medical bills. What is the best car title loan company?
Your best bet is to compare lenders. Read reviews and check that the credit lender you choose is registered in your state.
Also, check with:
The attorney general
The banking or financial regulation department
The Better Business Bureau
Title loans are not legal in every state due to their high interest rates and short term lengths. However, here is a list of potential lenders that operate in most states where they are legal.
Max Cash Title Loans
APR between 30% and 200%
You can borrow up to $25,000
Customer service options include online chat, phone, or e-mail
No prepayment penalties
Loan Mart
APR between 80% and 204%
Use their loan calculator to determine your loan estimate
It may be possible to borrow up to $15,000
Document submission is electronic via pictures taken on a phone and sent over fax or e-mail
Options to receive money via electronic deposit, through the mail, and more
Loan Center or its sister company 1(800)Car-Title
Loan Center also offers personal loans
APR between 35.50% and 199.99%
Expect an origination fee of 5%
You can submit your documents online but need to talk to a lender over the phone to get approved
If possible, try talking to your bank and credit union about short-term loans instead. These will be safer than a title loan. Some other options worth trying include:
Negotiate with the hospital over your bill; sometimes, requesting an itemized list will help change the prices since errors are common
See if you qualify for assistance or a payment plan
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