Car Title Loans are not as commonplace as some other loan products that you may be aware of. This particular loan is not offered in every state and close research is required to ascertain a reputable company. Car title loans are designed for people who own their own cars, (resulting in the possession of the title) and are employed in some capacity. Part of the collateral that is used for the loan is your car. As a result the value of your car is weighed heavily in the amount of money that is distributed. Many consumers and individuals in the finance industry compare car title loans to “payday loans” and individuals considering this option should be careful before entering into a car title loan agreement. Tradition Media Group (TMG) Loan Processing, Loan Center Title Loans and Car Title Loans 123 are compared below and can be procured online. Read on to learn more about these top-rated options.
The Top Rated Car Title Loan Companies That Accept Online Applications:
- Tradition Media Group (TMG) Loan Processing
- Loan Center Title Loans
- Car Title Loans 123
Tradition Media Group
Tradition Media Group (TMG) lauds itself as being highly rated by Consumer Affairs and having their accreditation. You can fill out the forms online and usually have a response within one day. The loans are usually distributed in one day as well and can be as high as $50,000. They may require that your vehicle has a mileage amount of less than 125,000 miles and is newer than 1999. Seemingly no one is discouraged from applying for the loans at TMG therefore the requirements are soft. Another soft requirement is that in order to qualify for a car title loan with their company your monthly income must be at least $1,500.
- It may be required that you make a salary of $1,500 or higher
- Tradition Media Group is accredited by Consumer Affairs
- Your vehicles mileage may not be higher than 125,000 miles
Loan Center Title Loans Company
If you are interested in taking a loan with the Loan Center company you may be able to use a co-signer if you fall short of their mandates. The company has been in the car title loan business for 12 years. The minimum amount you can borrow is $1,500 with the maximum amount of your loan being $40,000. This company is authorized to distribute car title loan monies to consumers who reside in the states of Utah, South Carolina, Missouri, New Mexico, and Idaho.
- The minimum amount of your loan is $1,500
- The maximum amount of your loan is $40,000
- Loan Center Title Loans Company serves potential consumers in Utah, South Carolina, Missouri, New Mexico and Idaho only
Car Title Loans 123
Car Title Loans 123 prides itself on being the simplest way to obtain a car title loan. Apparently this loan company has a wider reach in that they serve over 40 states in the United States of America. While they do not claim to be an umbrella company, their website clearly states that they will find a company that offers online title loans in your specific zip code. They also are candid about the position that the state takes in determining the amount of your car title loan. Car Title Loans 123 has state licensed online loans of various amounts ranging from $1,000 to $50,000.
- Car Title Loans 123 Is One Of The Best Car Title Loan Companies On The Web
- The company has a reach to over 40 states in the USA
- Car Title Loans 123 offers loans from $1000 to $50,000
- If you do not fall within their authorized areas they will find a loan company in your zip code
Educating yourself on the best car title loan companies is the first step in deciding if you will procure this type of loan. Comparing different venues and contrasting their amenities will give you a better idea if car title loans are something you want to learn more about and investigate further.