Chat with us, powered by LiveChat
02 Jul 2019   /   0 comments

Get a Car Title Loan and Keep Your Car


car title loan and keep your carCar title loans are a great way to get extra cash without having to worry about the hassle you suffer through with traditional lenders. While you do use the title of your vehicle as collateral, TFC can guarantee you can get a car title loan and keep your car.

Car Title Loan AND Keep Your Car

A car title loan is a type of secured loan which uses an item or possession as collateral for the loan, kind of like a pawn.

TFC’s car title loans use the clear title on your vehicle as collateral when you get a loan with us. When you receive your loan amount from TFC, we take the title of your vehicle and keep it until you pay off your loan.

It may seem scarier or more stressful than it sounds. While TFC may have a lien on your car title, we don’t take your car away and store it in some garage. No, in fact, you get to keep the car and drive it around as you normally would! Think about it or when you had a loan on your car when you first bought it.

You didn’t really own the car, the bank you loaned from did. But, once you paid off your car, you were able to get the title from the bank.

With TFC, it works very similarly to that. We keep your title until you pay off the loan, while you get to drive it from work, school, errands, to home. Let’s learn more about how you can get a car title loan and keep your car!

How Much Can I Get with a Car Title Loan?

You’re probably wondering how we determine the amount you’ll receive from TFC if we’re using the title of your vehicle as collateral.

If you’re familiar with traditional loans, the bank will determine how much they can give you based on your credit score and any current debt you have. TFC Title Loans isn’t a normal, traditional lender.

We determine the amount you’ll receive by the equity value that’s in your car. During the application process, we ask about the year, make, model, and mileage on your car.

We put this information into the Kelley Blue Book website to receive the wholesale value of your car. Then, TFC offers you 90% of the wholesale value of your car. By using your car, you can get anywhere from $2,500 to $50,000 in funds!

What will also determine the value of your loan will be your ability to repay the loan. TFC wants to make sure you won’t be biting off more than you can chew. We don’t want to burden you with a loan that you’ll struggle to pay back. We want to make sure that your car title loan process goes as smooth as possible. In order to do that, we take a look at your source of income to see how much you’ll be able to handle.

Based on your income, you could receive more or less of the value on your car.

Don’t have a job? That’s not a big deal! TFC Title Loans accepts different forms of income that qualify you for a car title loan.

Applying for a Car Title Loan

Once you’ve decided to go with TFC for your car title loan needs, we have an application process that can’t be beaten. Our application can be completed in-person, over the phone, or online! You can choose whichever is more convenient for you!

The initial application request takes less than 5 minutes. All you need to do is fill out the minimal information with your name, number, email, and year, make, and model of your car. Once you submit, it will be sent to your TFC agent who comes up with your loan quote.

They’ll ask you for the important document regarding the identification of your loan and your personal identity, but it’s nothing crazy or tasking. We ask for the following simple documents:

  • Vehicle’s title
  • Proof of insurance coverage
  • Driver’s license/government identification
  • car title loan and keep your car
  • Residency proof (utility bill, bill statement)
  • Proof of income/ability to pay the loan
  • Pictures of vehicle
  • List of 6 references

Don’t worry about your credit score affecting your approval, either. Because we use your vehicle’s title as collateral for the loan, your credit score isn’t even used in the process of your application. The only time we check your credit is to ensure that you aren’t actively going through bankruptcy or seeking credit counseling.

TFC understands that our credit scores can suffer for small mistakes we’ve made, but that doesn’t mean we won’t need to borrow money for emergencies at some point. Those with poor credit are susceptible to sudden financial difficulties as much as someone with good credit. It happens, and TFC understands.

Get a car title loan and keep your car!

Once you’ve completed your application process and sent in your necessary documents, you’ll be able to collect your money. All you need to do is head over to your nearest title loan location so you can have your car inspected and your contract signed.

Don’t worry – you’ll get a car title loan and keep your car. The inspection takes a few minutes and it’s just to make sure that there isn’t any major damage to the vehicle that would affect its overall value.

You and your TFC agent will look over your contract and go over the individual terms that apply to you and your loan. We personalize every contract for each individual customer, allowing them to have loan terms between 24 to 36 months with competitive interest rates. A benefit of TFC is that we don’t have prepayment penalties, so even if you have a loan term of 24 months, you can pay it off as early as you want!

After signing your document, you’ll collect your money and be on your way! The best part is, it’s so easy that all of this can be completed in as little as one business day! All the benefits with TFC and the potential to have your loan in one day? Where else can you find such a service?

Online title loans are easy to get from us.

What If I Get a Car Title Loan and Miss a Payment? Do I Lose My Car?

The last thing that TFC does it takes possession of your vehicle. Maintaining communication with TFC is important while you pay back your loan. You can take advantage of our awesome customer service before the worst-case scenario happens.

When TFC notices that you are missing a payment or two, we contact you to try and figure out what is going on. We are genuinely concerned about our customers when something like a missed payment occurs. We want to make sure they aren’t struggling to make ends meet or that some unforeseen accident has happened.

TFC also works diligently with you to adjust any problems that could arise with your car title loan. If your payments become too high to pay, TFC will work with you to figure out the best solution. Otherwise, as long as you are making your monthly payments, you don’t have to worry about losing your car.

Paying Your Car Title Loan

To help make paying off your car title loan easier, TFC offers its customers many different ways to pay off their loan so they won’t miss it.

  • Online

We offer customers an online portal where they can create an account to keep up with their loan payment, balance, and have any documents electronically.

  • Mail

Going the old-fashioned way, we allow customers to send their payments in the mail when their monthly statements arrive.

  • Phone

If you are concerned about internet security or postage, we even offer the option to call over the phone to pay.

  • Western Union

If you do banking with Western Union or have one nearby, utilizing our relationship with them could benefit you more than our other options.

  • MoneyGram

We even allow you to pay your monthly payment via MoneyGram! You can go to their website or your nearest location.

About TFC Title Loans

Now you know how to car title loan and keep your car! Choosing TFC Title Loans for a car title loan could be your best option. We offer a variety of benefits when you apply with us and get a car title loan. Not only do you get to keep your car, but you get to drive it as you please. Not only that, but we give you amazing customer service, loan terms, and high approval rates. Give us a call today to see if you qualify or start your application now! Read more at

Frequently Asked Questions
Can I Get a Title Loan and Continue to Drive My Vehicle?

Yes. When you obtain a title loan, you give your pink slip to the lender as collateral and can continue to drive your vehicle for your every day needs. Once the title loan has been paid off, the lender will give the car title back to you.

What is a Title Loan?

A title loan is a loan that requires collateral, typically in the form of an asset - like your car.

What is the Most Common Type of Title Loan?

The most common type of title loan is an auto title loan. In this case, the potential borrower repays the auto title loan with single payments after a month or pays the lender back on installment plans.

How Much Cash Can i Get?

© TFC Title Loans
All Rights Reserved

Follow Us

Lenders Law Licence Number by DBO 6038192