General Title Loan FAQs GOT QUESTIONS ON AUTO TITLE LOANS? WE HAVE SOME ANSWERS.
FAQs - Frequently Asked Questions
We started 11 years ago to help people who needed secured, short term loans. Car title loans are simpler and faster than home equity loans and more stable than payday loans. They make the most sense for everyone involved.
An auto title loan is a short term loan secured against your automobile.
1. Vehicle needs to have a wholesale value of $2500.00.
2. Vehicle cannot be over 10 years old.
3. Loan applicant must be at least 18 years of age.
1. Auto title (free and clear of any liens)
2. Drivers License
LOAN APPROVAL: Your application will either be approved or declined based on TurboTitleLoan.com's evaluation of your submitted information.
Applying for a loan with Turbotitleloan.com will not affect your FICO credit score. We determine eligibility based on the evaluation of your submitted information.
The minimum loan amount varies by state. Check our States & Rates page for your state's minimum. The amount you may borrow is determined by the wholesale value of your vehicle.
Our interest rate is 1.33% to 3% per month (16% to 36% APR) depending on the state of residency. The loans provided by TurboTitleLoan.com are fully amortized installment loans. This means that a portion of your payment goes towards the interest and a portion goes to the principal. A customer can choose the term of the loan, either 12 or 24 months. See our Fee Schedule section for more information.
We fund the loans with a direct bank wire. Funds are available the same business day the contract is signed, provided the electronic signature occurs by 2pm CST.
Please reference the States & Rates link on the top of this page.
TurboTitleLoan.com will contact you on your payment due date by phone and e-mail. Payment may be made by four (4) different methods, Debit Card/VISA/MASTERCARD (preferred), money order, certified check, or MoneyGram. A customer must pay at least the monthly installment which is due. Additional payments are accepted in any increments. REMEMBER: THERE IS NO PREPAYMENT PENALTY!!!
In most cases, the results are available in 60 minutes.
Neither poor credit nor bankruptcy will automatically deny your loan request. However, your bankruptcy must be discharged for a minimum of 10 years.
No, TurboTitleLoan.com does not perform a hard credit check, but does verify information with several national databases, including Teletrack.
We accept vehicle title loan applications 24/7/365. Our Customer Service staff is available from 8 am to 9 pm Monday-Friday (CST), 9 am to 1 pm Saturday and Closed on Sunday. We can only electronically fund loans to your checking/savings account Monday through Friday.
Applications received after 6:30 PM CST are processed the next day.
Step #1 - Complete our online application through our secure website. You will receive an automatic response email with your application ID.
Step #2 - If preapproved, a loan officer will contact you to thoroughly go through the loan process. If the application is denied, you will receive a second email detailing the denial.
Step #3 – After signing the loan contract, the proceeds of your loan will be electronically wired into your checking account that business day (assuming the transaction was completed by 2:00 pm CST).
Step #4 – On your due date, TurboTitleLoan.com will phone and e-mail you regarding your payment. You will have the option to choose the payment method that works best for you.
No, your vehicle is your collateral.
If you are unable to make the minimum payment on your due date, send an email to support@Turbotitleloan.com or call (800) 513-7960 to make alternate payment arrangements.
Yes, when you pay a TurboTitleLoan.com loan off early you save even more money! If you take a loan out for 12 months, but pay it off in the 7th month, you save the interest payments for the remaining five (5) months. This means you are never charged for more than the actual number of months your loan is outstanding.
If you are unable to make a payment on your scheduled due date, send an email to support@Turbotitleloan.com or call (800) 513-7960 to request an extension.
To pay your loan in full, send an email to support@Turbotitleloan.com to request a loan payoff.
TurboTitleLoan.com will work with you to ensure that you have every opportunity to pay off your obligation. If you are unable to meet your obligation and default on your loan, your vehicle may be repossessed.
You can access TurboTitleLoan.com from any computer, such as at your local public library, most copy centers and Internet cafes. You can also use any mobile device. TurboTitleLoan.com will phone and email you on your due date. Remember, you can always contact us at (800) 513-7960.
Yes, we refinance auto title loans from other companies.
I have a loan from another company that is not a title loan. Can I refinance it with TurboTitleLoan.com?
No. TurboTitleLoan.com does not refinance loans from Finance Companies, Banks, Savings & Loans, Credit Unions or any other financial institution. We only refinance auto title loans.
There are no prepayment penalties.
We do not. Under the amendments to the Military Lending Act that went into effect on October 1, 2015, we are unable to loan to an active duty service member or a dependent of an active duty service member.
Yes. You can pay your loan off in full at anytime. There are no prepayment penalties.
No. There are no "debt protection" policies or other programs added to the loan.
A bankruptcy does not automatically disqualify your loan request. However your bankruptcy must be discharged a minimum of ten (10) years.
TurboTitleLoan.com makes it easy to manage your loan. Log onto the "My Account" page and you can review your payment information, due dates and your loan documents.
We fund our loans with a direct bank wire. Funds are available the same business day the contract is signed, provided the the electronic signature occurs by 2:00pm CST.