Question 1

Do You Need a Credit Card or Bank Account to Gain Approval for a Loan?

Accepted Answer

You don't need to have a credit card or bank account to gain approval for a loan. Although it's much easier to get cash via a bank account transfer, you can choose to receive your credit loan via check if you prefer.

Question 2

How Much Money Can You Borrow for a Car Title Loan?

Accepted Answer

The amount of cash you can borrow will depend on the amount of equity in your car, as well as personal details such as your proof of income. The minimum loan amount could be around $100, while the maximum loan amount would be your total equity minus the cash you need to borrow. Cash loan amounts vary by state, too. When searching for credit companies that offer auto title loans, check that they're available in your area. It's also important to check their APR rates. It may seem as though they offer generous credit, but you won't be doing your income any favors if you'll be racking up extra debt alongside your loans.

Question 3

Are Car Title Loans Worth It?

Accepted Answer

Vehicle title loans are often the last resort for people with a bad credit score, they can be much more expensive than other types of loans. Depending on factors such as the equity in your vehicle, your personal loan could come with very high-interest rates. Only you can decide whether the financial benefit will outweigh the risk.

How to Get Auto Equity Loans Without a Clear Title

How Much Can I Get For a Title Loan?

How Do Title Loans Work? A Detailed Step-By-Step Guide