What is the interest rate for Title Max?
25%
In most cases, clients can borrow up to 25% of the estimated value of the vehicle. It doesn’t’ matter whether you applied for it online or on-site, the average interest is 25% in a month. Most title loans are given for a month period and take a percentage of 25%.
Does Title Max hurt your credit?
In most cases, a title loan won’t have any impact on your credit scores. That can be good and bad. For starters, most title lenders don’t run a credit check when you apply. On the flip side, title lenders don’t report your payments to the credit bureaus, which means a title loan won’t help your credit scores either.
What happens if you never pay TitleMax?
What Happens if You Don’t Pay Your Title Loan? If you don’t pay your lender, you are therefore defaulting on your loan and this will often result in your car being repossessed. Aside from your car being taken from you, you might even be charged additional fees during the repossession process.
Does paying off a title loan build credit?
Does paying off a title loan build your credit? In short, no: The lender doesn’t report your payments to the credit bureaus, so paying the loan does not build credit. If you don’t pay, the lender likely won’t send you to collections, hurting your credit — it can simply repossess your car to satisfy the debt.
How much money can I get with TitleMax?
TitleMax offers car title loans up to $10,000*, and we focus on getting you the most cash possible while keeping your payments manageable. If you have a title loan with another company, we’ll pay it off and cut your rate in the process.§ We make it easy to get the title loans you need with reliable service.
Can you get a title pawn with TitleMax?
Similar to a car title loan, a title pawn is a simple way to get cash fast using your vehicle as collateral. If you have a clear car title and a government-issued ID, you can get a title pawn with TitleMax even if you have bad credit. Already have a title pawn with someone else?
How much cash can I get with a title loan?
A title loan is an easy way to get cash using your car title instead of your credit score. Your title loan size may be determined by the amount of cash you need, your vehicle’s value, and your ability to repay. TitleMax offers car title loans up to $10,000*, and we focus on getting you the most cash possible while keeping your payments manageable.
How is the size of a title loan determined?
A title loan is an easy way to get cash using your car title instead of your credit score. Your title loan size may be determined by the amount of cash you need, your vehicle’s value, and your ability to repay.