Car Title Loans Alabama

Helping Consumers Across the State Get Money Immediately

Do you have creditors breathing down your neck, or a sudden expense and no easy way to pay it?

Perhaps you’ve tapped out your savings and credit cards already. In times of financial distress, many consumers have found car title loans Alabama provide exactly what they need to get back on a solid financial footing. A combination of a fast application process and high approval rates make title loans the most convenient option on the market.

What is a car title loan?

It’s simply a secured loan that uses your car as collateral, which means the value of your car also determines how much money you can get. Even though your car is the collateral, you keep that while repaying your loan and only need to give your lender the car title. The lender will return it to you once you pay the balance on the loan.

Car repair bills can run you hundreds or even thousands of dollars.

The same is true with medical bills and home repairs. The world is full of costly services that you can’t always avoid. We’ve helped consumers from every walk of life get financial assistance through car title loans Alabama. When you’re struggling to make ends meet, a title loan is a lifesaver.

Car repair bills can run you hundreds or even thousands of dollars.

The same is true with medical bills and home repairs. The world is full of costly services that you can’t always avoid. We’ve helped consumers from every walk of life get financial assistance through car title loans Alabama. When you’re struggling to make ends meet, a title loan is a lifesaver.

  • Filterable Content

    Nullam consequat fringilla tellus at facilisis.

  • Full Width Images

    Proin eleifend metus vel felis aliquet porttitor.

Applying Online for Car Title Loans Alabama

A search for Alabama title loans returns result after result. Checking out every lender, either online or over the phone, takes time that you may not have. We understand how difficult the process can be, and we’ve simplified it for you with our online title loan application, which you can complete right here on our site. Just head to the application form and enter a few pieces of information for the vehicle that you plan to use as collateral, including the following:

  • Year

  • Make

  • Model

  • Approximate Mileage

To locate a lender near you and to contact you back regarding title loans, we’ll also need the following contact information:

Once you complete the form, we can provide you with your free car title loan estimate to show you how much money you could receive by obtaining a title loan. Now, a title loan is contingent on your car, so any lender will have to evaluate the car before confirming the loan amount. This vehicle inspection is fairly quick, though, and can be completed while you fill out paperwork.

Expect a call back from one of our friendly, helpful loan representatives shortly after you submit your online application. During that phone conversation, you’ll have an opportunity to ask any questions you have about title loans. The representative will also make sure you understand how they work, and then get you a title loan lender’s location. You can head over there for the vehicle inspection and to obtain your loan.

To benefit borrowers, Alabama does set a cap on the monthly interest rate for title loans, limiting those to 25 percent. This puts Alabama title loans at similar or lesser interest rates compared to most other states, so you don’t have to pay as much for your loan.

For documentation, you only need to bring in two documents that you’ll already have with you anytime you go for a drive – a valid government-issued ID and your car title. Your lender just needs to see your ID to check that you’re over 18 years of age, as federal law prohibits issuing a title loan to anyone younger than that. The lender also takes your car title during the term of the loan until you repay it. You can also anticipate the lender asking if you have consistent monthly income to verify that you’ll be able to pay back what you borrow.

The lender uses the value of your vehicle to determine the maximum amount you can borrow. Most borrowers in Alabama borrow $1,000 or less, but you can borrow more if your car has a high-enough market value. The standard term length for car title loans Alabama falls in line with the standard in most other states at 30 days. Your lender may have other term length options available if you need something longer or shorter to better suit your needs.

If you end up being unable to pay off the loan within the term, you can pay off the interest and then roll the loan over to a new repayment period, with a new interest charge. It costs a bit more, but it’s a convenient option if money’s tight and you need more time.

If you default on your loan, your car becomes the property of the lender, and they are legally able to repossess it. Missing your title loan payment constitutes defaulting on the loan. Keep in mind that repossession isn’t something the lender wants to do, because it takes time and money to both repossess and sell a car. Ideally, the lender would like you to repay your loan. If you can’t make your payment, contact your lender and talk to them about it, as there are likely other options available. They will probably let you roll over the loan and start a new repayment period. Most borrowers hang onto their cars throughout the title loan process, and that’s true in both Alabama and the rest of the United States.

Car Title Loan Benefits

It’s hard to top car title loans Alabama, particularly if you need a short-term loan. They have several benefits that most other loans do not.

    Chief among those benefits is the quick, easy application process. You don’t need good credit, just a car with a lien-free title. When you visit a title loan lender, you fill out some paperwork, let them take a look at your vehicle, and walk out of there with cash in your pocket. You and your lender may complete the entire process in less than an hour. Banks, on the other hand, will want to see financial records and your credit score before approving you for a loan. Any red flags may result in a denied application. Even approved loans may take days to process and pay out. Sometimes that’s just not fast enough, and that’s where the speed of a title loan can make all the difference.

    You could also get a payday loan just as quickly as you could a title loan. Those type of loans don’t have any collateral attached, though, which leads to much higher interest rates.

    Title loan companies are one of the few types of lenders that don’t need to check your credit before issuing you a loan. They also won’t keep your car, so your title loan won’t affect your life at all. You can still get to work, take your kids to school, and drive anywhere else while paying back your title loan.

    Financial hardships cause quite a bit of stress as you try to figure out what to do. Title loans give you a way out of a bad spot.

Apply Online or Contact Us For Your Free Quote!


Apply Now Contact Us