General Title Loan FAQsTitle Loan FAQ

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FAQs - Frequently Asked Questions

We started 13 years ago to help people who needed secured, short term loans. Auto 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 15 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's evaluation of your submitted information.

It depends. If you rarely apply for lines of credit and loans, then your score is less likely to be impacted by a hard credit pull. However, if you frequently apply for lines of credit and loans, then your score may be impacted by a hard credit pull. While typically small, the impact can vary based on how many inquiries you have had on your credit, and it can vary between different bureaus.

The minimum loan amount varies by state. Check our Our Interest Rates page for your state's minimum. The amount you may borrow is determined by the wholesale value of your vehicle, along with income verification.

Our interest rate is 1.75% to 3% per month (21% to 42% APR) depending on the state of residency and other qualifications**. The loans provided by are fully amortized installment loans with no prepayment penalty. 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, 24, 36 or 48 months, depending on the year of the car. See our Fee Schedule section for more information.

If is not able to approve you for a loan, we may offer to refer you to another creditor who may be able to assist you with your credit needs.

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. will contact you on your payment due date by e-mail. Payment may be made by many 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 moments.

Neither poor credit nor bankruptcy will automatically deny your loan request. However, your bankruptcy must be discharged for a minimum of 10 years.

If your vehicle does not qualify for a loan, we will not perform a credit check and your FICO credit score will not be affected by this application. If your vehicle does qualify for a loan, we will perform a credit check, which may affect your credit score.

We accept vehicle title loan applications 24/7/365. Our Customer Service staff is available from 8 am to 8 pm Monday-Friday (CST), 9 am to 2 pm Saturday (CST) and Closed on Sunday. We can only electronically fund loans to your checking/savings account Monday through Friday.

Step #1 - Get a Quote and complete our online application through our secure website. If you have any questions, you can click on the “Live Chat” box for help.

Step #2 - Soon after you apply online, a loan specialist from Turbo Title Loan will call you to discuss your financial situation and how we can assist you with a short-term title loan. They will explain which documents we require. You can also get started right away by logging into your online account to review the document list. You can provide document requirements either by uploading within your online account, emailing them to, or faxing them to (847) 637-8163.

Step #3 – Your documents have been accepted and you’re in the home stretch. We will email you a prepaid FedEx label for you to ship your vehicle title to Turbo Title Loan.

Step #4 – After Turbo Title Loan receives your vehicle title via FedEx and you electronically sign your contract, Turbo Title Loan will wire funds directly into your checking or savings account.

No, your vehicle is your collateral.

If you are unable to make the minimum payment on your due date, send an email to or call (800) 513-7960 to make alternate payment arrangements.

Yes, when you pay a 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 or call (800) 513-7960 to request an extension. You can also update through your online account.

To pay your loan in full, send an email to to request a loan payoff. 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 from any computer, such as at your local public library, most copy centers and Internet cafes. You can also use any mobile device. will email you on your due date. Remember, you can always contact us at (800) 513-7960.

Yes, we refinance (buy out, pay off) auto title loans from other companies.

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.

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. 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 bank wire. Funds are available the same business day the contract is signed, provided the the electronic signature occurs by 2:00pm CST.