Frequently asked questions

Title Loans

What is a Title Loan?

If you own the title to your vehicle, a Title Loan allows you to borrow money based on its value. Your car is used as collateral for the loan so you can get the money you need immediately, and keep driving your car while you pay back your personal loan. Title Loans are ideal for individuals looking for a fast solution to short-term financial needs.

How fast can I get my money?

The title loan application process takes about 15 minutes, and you can leave with your money the same day.

How do Title Loans work?

To get a Title Loan, you give Advance America the title to your vehicle as collateral in exchange for a loan. You keep your car and can continue driving while you pay back the loan. Applying is easy. Simply bring your car and car title to an Advance America store that offers Title Loans. An employee will inspect your vehicle in minutes, and provide a loan amount comparable to the vehicle value. Then, agree to the terms and scheduled payments, leave with the money you need, and repay your loan on scheduled due dates.

Where do you offer title loans?

We offer title loans in select states across the country. To see if Title Loans are available in your state, click here.

How fast can I get my money?

The Title Loan application process generally takes 15-30 minutes, and you leave with the money you need.

When will I get my vehicle’s title back?

Once your loan is paid in full, we will return the vehicle title as quickly as possible. Due to state specific regulations, the timing can vary. During the loan process our knowledgeable staff can provide more details about the timing and process in your state.

Can I drive my car while I have the Title Loan?

Yes—Title Loans allow you to get the money you need and keep driving your car while you pay back the loan.

How much money can I get with a Title Loan?

The loan amount offered to you primarily depends on the condition and value of your vehicle and any state laws that apply. In some states, your gross monthly income will also determine the title loan amount offered. To see an estimated Title Loan amount you qualify for, click here to use our title loan estimator.

Is there any prepayment penalty for Title Loans?

No, there is no prepayment penalty. You may pay off your loan at any time before the due date if you wish.

How much does a Title Loan cost?

Title Loan costs vary. To view loan options and fees, in your area, click here.

What do I need to bring to get a Title Loan?

Please bring the following items:

  • Vehicle title

  • Vehicle (for inspection only)

  • Proof of residence (utility bill)

  • Government Issued ID

  • Proof of Income

  • In some states proof of vehicle registration and insurance may be required

  • If there are two owners of the vehicle on the title, both parties may be required to be present.

When are my payments due?

Most title loans are paid monthly, with differing terms by state.

Can I still get a Title Loan if I’ve had a bankruptcy in the past?

Even with a poor credit history or previous bankruptcy filing, you still may be eligible to receive a Title Loan with Advance America.

Does my car need to be paid off in order to get a Title Loan?

Yes, your car must be paid off and you should have possession of the title, with no other lien holders on the title. Some states may allow us to assist you in paying off your current loan. Contact our knowledgeable staff for more information.

Must the car be registered under my name?

The car must be registered in the loan applicant’s name. If more than one owner is listed on the title, the loan applicant must be one of the persons present, and, in some cases the other owner(s) must be present as well. Check with your location for further details.

Can I refinance my Title Loan?

Yes, some states allow you to refinance your existing title loan at a better interest rate. During the loan application process, our employees will explain the options for refinance.

What is the average interest rate on a Title Loan?

Our rates vary by state in accordance with the state law. To view the fees in your state, click here.

Can I get a Title Loan without the title?

No, a Title Loan is secured by using the title of the vehicle as collateral. Depending on your state, Advance America may be able to pay off existing Title Loans. Contact our knowledgeable staff for more information.

Can you get a Title Loan on a financed car?

No, to get a Title Loan, you must own the car and have a free and clear title.

Do I need good credit to get a title loan?

Your credit score is not affected by applying for a Title Loan at one of our locations. The ability to repay the loan is taken into consideration as well as past performance for Title Loans.

What is a Title Loan?

Title Loans are ideal for when you need money immediately. These loans provide you with instant access to cash based on the value of your vehicle. As long as you own your car and have its title in your possession, you are eligible to apply for a fast and easy Title Loan* and can continue driving your vehicle while you repay the loan.

Where does Advance America offer Title Loans?

Title Loans are available in select states across the country. Click here to see if Title Loans are available in your state.

How can a car or auto Title Loan be used?

Car Title Loans can be used to cover unexpected expenses or to deal with other financial hardships.

How will I know If I am qualified for a Title Loan?

To find out if you are qualified for a Title Loan, simply visit your closest Advance America location with your vehicle for inspection, vehicle title, government issued ID, and proof of residence. Our friendly team member will have you complete an easy Title Loan application and inspect your vehicle. Upon completion of this process, you will know if you qualify for a Title Loan. Before you head to our store, you can use our Title Loan estimator tool to see what amount you may qualify for.

How much money can I get with a Title Loan?

The amount of money you can get with a Title Loan depends on what condition your vehicle is in and any state laws that apply. Keep in mind that your gross monthly income may also determine the Title Loan amount offered depending on your state. To see an estimated Title Loan amount you qualify for, click here to use our title loan estimator.

How do I apply for a Title Loan?

To apply for a car Title Loan, please bring the following items to an Advance America location near you:

  1. Free and clear vehicle title
  2. Proof of residence
  3. Government issued ID
  4. Vehicle (for inspection only)
  5. In some states, proof of income and vehicle insurance are required

To qualify for a car Title Loan, your car must be registered in your name, must be paid off and you should have possession of the title. In some states, your gross monthly income will also determine the Title Loan amount offered. At our location, one of our employees will inspect your vehicle and determine its value.

What are the benefits of a Title Loan?

Unlike other types of short-term loans, auto Title Loans use your car as collateral. Title Loans grant you instant access to cash eliminating the need for a bank account or perfect credit.

When will my Title Loan be due?

Most title loans are paid monthly, with differing terms by state.

Can I refinance my Title Loan?

Yes, some states allow you to refinance your existing title loan at a better interest rate. During the loan application process, our employees will explain the options for refinance.

What if I cannot pay or will be late repaying my Title Loan?

Advance America will work with you to establish payment arrangements for your Title Loan. And we're committed to collecting past due accounts in a professional, fair and lawful manner. Past due payments may impact your ability to transact with Advance America or other lenders. If you are unable to pay your loan on time, please contact us at your local store or our toll free number (844)562–6480.

Can I make minimum payments for Title Loan?

Yes, so long as your payments are in accordance with payments schedule as outlined in your loan agreement. Our Title Loan repayment terms vary by state with the length of loan varying from 30 days to 24 months. To learn more about the terms in your state, click here.

Can I pay off my Title Loan early?

You may pay off your Title Loan at any time before the due date if you wish. There is no prepayment penalty, and depending on the state, paying off early may reduce the fees of your Title Loan.

How do I pay off my Title Loan?

You may make payments for Title Loan in accordance with your payment schedule until the account in paid off or you may visit the store and request a pay-off amount to satisfy the account in full. As always, any time you have a little extra cash, you may make a payment to get ahead of your payment schedule.

Still have questions?

We’re here to help. Connect by chat, phone, email, and more.

Contact Us