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What is the best car title loan company?

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?

avatar
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m so sorry to hear about your broken arm. I hope you heal quickly. The best
car title
loan company varies depending on where you live.
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
  • Nonprofits
Save where you can, like on your
car insurance
, as well. You can make sure you’re getting the best deal on your car insurance by using the
Jerry
app. With Jerry, you’ll be able to compare quotes from 50+ top insurers. As a result, our users save an average of $879 a year!
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