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18 Jun 2019   /   0 comments

Do Title Loans Help Build Credit?


Do Title Loans Help Build CreditHere, at TFC Title Loans, many of our customers ask the question do title loans help build credit.

We get this question so often because many people who choose to apply for Car Title Loans have less-than-perfect credit scores.

This is the case because individuals can borrow title loans regardless of their credit score since these kinds of loans use the market trade-in value of your car as collateral for the loan.

Even if you do decide to take out a title loan, you will likely want to be able to improve your score enough so that you can have more options for the future.

Improving Your Credit Score With an Auto Title Loan

An auto title loan could be one of the ways that you improve your credit score. In this article, we will be explaining how a title loan from TFC Title Loans may be able to help build your credit and how it might be able to damage your credit.

Ever since we first opened our doors in 1994, we have been extremely passionate about lender transparency and consumer education.

It is for these reasons that we have prioritized the task of expanding our website with all manner of informational resource articles to answer any and all of your questions regarding title loans.

Over the past 25 years, we have helped thousands upon thousands of customers receive the emergency funding that they need through title loan. We would love to do the same for you and hopefully help improve your credit score in the process.

Your Credit Report Do Title Loans Help Build Credit?

Your credit report is made up of five different components that are used to calculate your number score. The five components are as follows:

  • Your payment history – 35%
  • Your credit utilization – 30%
  • Length of your credit history – 15%
  • Your new credit – 10%
  • Your credit mix – 10%

If you end up taking out a title loan through TFC Title Loans, then paying down that loan each and every month would have the biggest possibility of building your credit and improving your score.

It is mostly through this avenue that a title loan could significantly impact your score. If you stay consistent and on schedule in paying back your title loan lender, then you credit score will definitely look significantly better.

Making Payments on Time

On the other hand, just like any other lending option out there, if you do not make payments on time or default on your loan then your credit report with be damaged and your score will go down.

Because of this, it would be wise to strategically plan and budgeting on a low income in how you will make each and every monthly payment. You might even consider setting up automatic payments with TFC to make sure that you never forget a payment!

We just recently added the automatic billing for the convenience of our customers. Our goal is to see you succeed, not only in repaying your loan but in improving your credit score for a bright financial future.

Do you have any questions about your credit report or about title loans? If you do, feel free to give us a call at our toll-free number! We have customer service representatives standing by the phones who would love to answer any questions you may have.

We also have a convenient online chat option if you don’t wish to call. However, if you have already made the decision that you would like to get a title loan and utilize it to improve your credit score, then you should apply today!

The process is incredibly easy. Just fill out the online application on the main page and we will get back to you with a free quote. You could have the funding that you need as fast as the very next day after approval. Solve your financial stresses today!

Car Title Loans Help You Experience More

All around the world, it’s obvious that people invest more time working, the majority of people pay more attention to their job than anything else forgetting that while the body grows old, the job still remains.

Many attached this pedantic working attitude to the fact that the recession has affected a huge part of the economy forgetting that there is time for everything. When you loaded yourself with multiple tasks and work pressure, it changes your entire body system and a reaction in the body system will definitely occur.

Survivability fights then follow. Constant pressure on the brain will lead to stress, which can linger long in the body system even while you are off work. Stress can result into a blurry thinking and completely prevent you from thinking straight which will drastically affect your efficiency and concentration at work.

Vacation is the only way to reduce this mental stress and to also refresh the mind for total concentration.

Big thanks to different writers and medical practitioners around the world that advocated for the need for vacation and rest. Majority of them clearly points out the importance such that it is visible to the blind and audible to the deaf.

Also, I noticed many young people don’t really have the chance to achieve their dreamt wedding; the majority of these victims has been discouraged by friends or family who has one way or the other failed to contribute their quota financially.

Sometimes, the flop might be from the DJ, decoration, foods, and drinks, cake, in short, the flops always are from a financial angle.

Recently, there has been a drastic change in people perspective towards vacation as many now see it as an avenue to reduce the stress, refresh the brain and as well spend quality time with family.

This change does not exclude the wedding as well, many people tend to marry late to achieve their dreamt elaborate wedding.

But, then, is it all the people that realize the importance of vacation as well as memorable wedding truly achieve the type they want?

Obviously, if you ask me, I will tell you no because, the expense of doing so to the fullest has deprived many people of achieving their true dream, here and there, many seek for the best alternative rather than enjoying the best.

Should this be so?

No, it shouldn’t, many people who are not financial buoyant like you do still enjoy what you fail to enjoy, they still visit their dream location during their vacation.

Many people who earn have of your earning still have a fantastic wedding; there is no any other reason for that than the fact that they seek for help at the right place.

We’ll help you fulfill your dream during your next vacation; we will borrow the money you need to make your wedding a memorable one through our pink slip loan.

While many consider wedding not enough reason to put your car as collateral not to talk of traveling for vacation, I believe the risk is worth taking.

Experiencing that magical wedding day, or going to a brand new place when you have the opportunity, are both important life milestones that shouldn’t be stressful due to a shortage of quick cash.

What is a Pink Slip Loan?

Pink slip loan is a loan type that has no hassle, required fewer documents and offer money faster than any other loan. You get money against the title of your car rather than running around to sign papers.


Numerous are the reasons to consider pink slip loans when there is a need to consider a loan for your vacation or wedding. Below are few of the numerous reasons:

Easy to Get Approved

Once you are the owner of your vehicle and it has a clear pink slip, little is require to get approved for a pink slip loan.

Timely Funding

The entire processing is simple and fast; you can get the money you needed within a few hours of your application. This is completely opposite of banks and traditional loans that require a long process that may take days.

You Keep Driving Your Car

Pink slip loan is a secured, but it doesn’t require that you hand over your car to the lender while using it as collateral. You continue driving your car for your daily routine while you pay off the loan. All that the lender need as a security to the loan is your car pink slip and it will be returned to you as soon as you complete the repayment of the loan.

Flexible Repayment Options

Unlike bank loans where the bank determines the repayment terms with you having no say on it, your repayment plan will be based on a conceptual agreement between you and your lender putting into consideration your source of income. If needed, the loan repayment can be elongated through a process called rolled over. It gives you a long time to pay off your balance or you can pay it off early without prepayment penalties.

Credit Scores Not a Problem

To access loan in the bank, you need a good credit score but this is not a necessity for an auto title loan, even if we checked your credit scores, it does not affect your chance of obtaining a loan. All the major documents needed are aforementioned


We are your number one-stop loans source. TFC us close to you as our offices are located in almost every corner of the United State. We offer the best loan that fits your financial situation. Our staff will put into consideration your source of income before we make any loan recommendation so that we don’t end up putting you in a situation where you lose your collateral.

We offer sufficient cash through our pink slip loan to meet all kinds of need; our customers do not struggle to repay their loan as our repayment term is flexible and there are no hidden fees.

Majority of our customers repay their loan in their next payday with low interest since they know how much they need to repay and when it needs to be paid. We have been in existence since 1994 and thousands of people have been saved through our loan program.


The working principle of pink slip loans is simple; it requires that you borrow money against the resale value of your car. The title of your car will stand as the collateral security for the loan. A lien will be placed on the title of your car during the loan period but will be removed and returned to you immediately after the completion of the repayment. The entire process is easy with the Auto Money 4-step process!

Apply Our App

This is the initial stage of the process, it requires that you fill and submit a simple online application which entails your basic contact information and the car details such as manufacturing year, model, manufacturer, and mileage. This detail will give an insight into how much you can get with your car.

Get Approved

At TFC Title Loans, immediately you submit an online application, a loan agent will be dedicated to you to determine how much you qualify for; taking into consideration the resale value of your car, and your source of income to ensure you will be able to afford your loan payments. This is done within couples on minutes usually 15 min or less.

Provide Documents

Bring all necessary documents along with your vehicle to any of our offices close to you for assessment.

Get Paid

Your check will be available the same day without any delay.


Easy Application

Few steps and you already have the cash in your hand! Our application is easy; you can apply online or walk into any of our offices near you. You can always contact us on phone for any help regarding your application.

Fast Money

We know you need fast cash to aid your planning and that’s what we do when you choose us as your loan lender. We offer you fast money as long as you meet our requirements. You can get the money you need without any hassle the same day you applied for the loan.

Great Customer Service

Even while we are offering you helping hands, we still do it with courtesy. Our staffs are well trained to attend to your need without keeping you waiting, once you have all the required documents which are majorly your clear car pink slip, proof of residence, proof of income, proof of insurance; you can access our pink slip loan without any stress.

We are always discreet about any information you submit to us and we treat them as confidential as we can. Our staff will tell you all you need to know about the loan. They’ll ensure that you understand all prior to the signing of the loan contract. We are always available on phone 1-844-242-3543 should you need any help.

High Amounts

Most of our competitors try as much as possible to be on a safer side so they will offer you 30 to 50% of your car resale value but, we are distinct, we take a high financial risk to satisfy our customers. We will offer you up to 85% of your car value and you can get up to $50,000 depending on the value of your car. This is rare to come across not just in Carolina, Arizona, Florida and even in any state of the U.S.

Keep and Drive Your Vehicle

You need your vehicle for your comfort on a daily basis. So, when you get a pink slip loan from us, you keep your car while you owe the loan to us. We put you first and that is why we designed our title loan to offer you money without causing any havoc to your lifestyle.

Low-Interest Rate

Our title loan is cheaper when compared to other types of loan especially loans from payday, banks, and cash advances. This can be attributed to our low interest rates. We offer you low interest because it’s a secured loan as your vehicle serves as the security for the loan.

No Hidden Fees, No Prepayment Penalties

We ensure that you understand all the details in our drafted loan deal including the amount payable, capital, interest, and repayment break down before you sign the loan deal, there are no hidden fees apart from the one you sign in the loan deal.

Use Different Cars to Access pink slip Loan

When you need huge urgent cash that a car resale value cannot be enough to get you, you can use different cars to serve as the collateral. However, it is important for you to be sure that you will be able to repay the loan as default may result in losing your cars.

Pay On Time, Pay Less

We do all we can to ensure our customers’ satisfaction, we offer a long period as long as 24 to 48 months for repayment and also schedule a repayment plan in accordance with our customer source of income. But vast majorities of our customer repay their loan on time and pay less interest.

We told them the amount to pay and when to pay. We offer loan renewal for our clients who are unable to pay at the right time. This permits them to pay only the interest and renew the capital into a fresh loan.



Frequently Asked Questions
Can I use a title loan to build my credit?

Yes. Payments made toward your title loan will improve your credit if made on time.

Can I keep driving my car while I'm repaying the loan?

Yes, if and only if you work with TFC Title Loans. You'll always get to keep your car with TFC. Check if TFC Title Loans has locations in your state.

Can I get a second car using a title loan?

Absolutely. The key is using the first car's title to put a down payment on your next vehicle. You can build a car collection quickly using this strategy. If you have any questions about which new or classic cars to buy, ask TFC Car Title Loans.

How Much Cash Can i Get?

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