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How Do Car Title Loans Work?

How do Title Loans Work?

how title loans workA common question is “how car title loans work?” Car title loans are a type of collateral loan and are also known as a type of secured loan in which the owner of a vehicle uses the value of their car as collateral to obtain cash.

Naturally, these loans are very similar to home equity loans. Title Loans are great for those needing cash who don’t want to impact their credit. These loans are gaining popularity because they let you re-purpose your real estate.

Car title loans appeal to those who have less than perfect credit because rather than credit-based lending, some lenders will allow you to use your assets as collateral for a loan. Title Loans are a great alternative means of getting the money you need fast and easy.

How do I get a Title Loans?

Typically the process is quick and easy once you have your car’s title, and in some cases, you may even be able to get the cash you need on the same day! All you need is the title of your vehicle to receive your cash today. This means that the amount of money that you are eligible for is based on the collateral that is put up auto loans onlineto the lender. In this case, the amount you receive is based on the wholesale value of your vehicle.

To receive a title loan, you must have a clear-and-free title on a vehicle and a source of income. This does not mean you have to have a job, but you must be receiving money regularly from social security, a retirement fund, or any other means.

  1. The first step is gathering the necessary documents and applying for the title loan!
  2. The second step is to get approved for the loan!
  3. The last step is to get your money!

That’s it! It’s super simple.

How Do I Know the Value of my Vehicle?

Your vehicle equity value is determined by the Kelley Blue Book and our company lends up to 85% of the wholesale value. We accept most vehicles including but not limited to sedans, SUVs, trucks, RVs, semi-trucks, etc. Likewise, vehicles can either have a clean title or salvage title. To drive the point home, your loan approval is contingent on whether or not your vehicle contains substantial equity value. You can use our title loan calculator to estimate the cost and size of your loan today!

title loans

The process of applying for an online car equity loans only takes a few minutes to complete. When applying online for a car equity loans, you should be prepared to provide the necessary documents and information listed below.

With this information, we will quickly inspect your vehicle and do other necessary needs to make sure that you have the auto equity loan that you want, qualifying for our title equity loans is fast.

How to Apply for a Title Loan

car title loans online

Before you Apply

It’s important to remember that our car equity loans are based on the fair market value of the vehicle being used as collateral. For this reason, you will have to submit the most accurate and up-to-date information about their vehicle when applying for our car equity loans online. Furthermore, the vehicle must be fully owned without any liens. That means the car cannot currently be financed.


First Step: Apply

The first step in obtaining an auto title loan with TFC title loans is to apply. Complete and submit the short online form. In a few minutes, we will have the information necessary to decide on how much we can lend you. Our customers can apply in different ways:

car title loans completely online


  • Online: Fill out our secure online application form.
  • Phone: Request your loan by calling us at our toll-free number (844) 242-3543.
  • Chat: Apply directly with a representative when you click the chat button.

Second Step: Get Approved

After your application has been received, one of our representatives will contact you and ask for documentation to verify your information so they can finalize your loan. It is a very short list of documents needed and you can complete this part in under 60 minutes. Just send us what we need, and we take care of the rest.

best car title loansWe suggest having these documents prepared to speed up the loan finalization process so you can get your money at the quickest rate possible:

  • Vehicle’s title (pink slip)
  • Proof of insurance coverage
  • Driver’s License
  • Proof of residency (utility bill)
  • Proof of monthly income
  • Pictures of the vehicle
  • List of 6 references, 1 being a family member

Third Step: You Get Your Money!

After your loan has been finalized, the last step is for you is to have your vehicle inspected, sign your contract, and have your funds delivered via a wire. The inspection is quick and completed in just a few minutes. The vehicle is inspected to ensure that it is the correct vehicle and it doesn’t have any major damage that would affect its value.

car title loan requirementsYour TFC representative will have your contract ready with your terms. Every TFC customer receives a contract unique to their needs and situation. Your terms will be discussed prior to your representative. You get to sign your agreement with your TFC representative to demonstrate your understanding of the payback agreement.

You can receive anywhere from $2,500 to $50,000, and our flexible payback terms range from 24 to 36 months. Since we have no hidden fees and no prepayment penalties you can pay off your loan as early as you want. You will walk out of TFC Title Loans with your funds in hand, ready to tackle your financial dilemma.

How to Pay Back an Auto Title Loan

Like any loan, you will have to pay it back. TFC makes paying back your loan simple and easy just like our application process. Payment coupons will also be sent to you to alert you of an incoming payment. We have many payment options for you to make your monthly payments, and we always encourage communication with TFC Title Loans to make sure you’re on track with your payments.title loans online

You can contact us at any time and one of our customer support representatives and they will be happy to assist you as well!


  • TFC Title Loans has an online portal that you can use to keep track of your payments, how much you have left to pay off and your statements. You can click on My Account on the top of the home page to create an account, or make a quick guest payment.


  • You can call our number at (888) 505-3784 to make a payment with a check or card by phone.


  • You can make a payment with a personal check, money order, or cashier’s check. When paying by mail, be sure to include your account number or social security number on your check/money order. Any checks/money orders should be made out to:

          Trading Financial Credit, LLC

          3055 Wilshire Blvd., Suite 530

          Los Angeles, CA 90010

Western Union

  • TFC Title Loans communicates with Western Union to allow its customers to pay through the safety of a bank. You can make payments at your local Western Union by using the state code “California” and the city code “Thirteen”. You can also visit and search “Trading Financial Credit”.
  • Follow their prompts to make an online payment with a credit or debit card, or you can make a payment by phone by calling Western Union at (800) 634-3422. You’ll need the same state and city code as before. A third-party fee may be associated with their service.


  • Make payments at your local MoneyGram location by using the MG code “5041”. You can also visit and search for TFC by using the same code. Follow their prompts to make an online credit or debit card payment. They charge a third-party fee for using their service.

Refinancing an Auto Title Loan

Are you looking to find a better interest rate or to lower your monthly payments? TFC Title Loans offers to refinance for those who have title loans with one of our competitors. Our highly skilled loan officers will assist you in refinancing your existing car title loan.

We can potentially get you a competitive interest rate and possibly more cash in your pocket! We can get your previous car title loan paid off while giving you extra money in the process. The refinancing option can be completed the same way as applying for a new auto title loan. Provide a couple of documents, then bring your vehicle to one of our TFC locations nearest to you.

For even more information, visit:

Why TFC Title Loans is The Best Option for You

TFC Title Loans are one of the most popular short-term lending options available to today’s borrowers. We offer fast application and approval processes, large maximum limits, and a far easier chance at approval for your automobile equity loan. This is because of a few key factors that are unique to TFC’s auto equity loan. You can get your auto equity loan online, from us. We want to ensure that the loan you apply for is within your budget.

Therefore, the more equity value within your vehicle, the more cash you might be awarded when you are approved for a loan. Most community banks and some credit unions offer auto equity loans. Unfortunately, rates for these loans are dependent on the quality of your credit score and your credit history. Read more at

TFC bad credit equity loans speak for themselves – the name says it all.  When someone applies for an equity loan with bad credit through us, we look at the car’s details and the percentage of the original value that remains. Then, we can advance a sum equivalent to that. Not less than $2,600 and up to $50,000.

Apply for a Title Loan Today

Now that you know how car title loans work, apply today. More than just being in the car title loan business, TFC is vested in the business of helping people. Helping you get the cash you need when you need it most is our business. See about our famous all-credit-welcome policy, fast approval process, and quick turnaround time.

TFC Title Loans has been in existence for a while now! We have been helping a lot of people scale through their financial hurdles in their hard times. You will not be any different when you come to us. Just take that right decision today! Visit us online. Then, you will witness this financial breakthrough that we are talking about! Get your auto equity loan or car title loan with us today. Borrow against your car’s equity today and have relief knowing your financial needs are being met!

We provide our customers with an easy application process, instant on the phone vehicle pre-approval, funding in as little as one business day, and superior customer service. Since 1994, customers have turned to TFC Title Loans for help with their financial needs. Apply by filling out the form online or call 844-242-3543. Our helpful car title loan agents are standing by to walk you through the application process or answer whatever questions you may have. Now you know How Car Title Loans Work.


Frequently Asked Questions
How do title loans work?

In exchange for the loan, you give the lender the title to your car until the loan is paid in full. Title loans can be appealing because they usually don't require a credit check, the application process can take as little as 15 to 45 minutes, and you can continue to drive your car.

Are car title loans worth it?

As long as you can show that you have a reliable source of income and a car worth more than the loan you are requesting, the lender will typically approve your loan application. Car title loans are also an excellent option for borrowers who need their money immediately.

How much can I get for a title loan on my car?

On average, these loans can range from $100 to $5,500. The amount you can borrow is based on the value of your car or the equity you have in the vehicle. The greater the value, the more cash you can receive. But don't expect to squeeze the car's full value out of a title loan.

Lenders Law Licence Number by DBO 6038192