PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Does a car title loan affect my credit?
I'm looking at my options for getting some extra cash. I have pretty bad credit, so I’m considering different types of loans. Does a car title loan affect your credit?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s good to review your options when making any financial decision! A title loan is typically popular for those with lower credit scores who need cash fast as it does not affect your credit. Lenders who offer title loans don’t run a credit check and usually won’t report the loan or your payment on it to the three major credit bureaus.
Since you are looking at your options, use a title loan as the last possible resort. Title loans are considered predatory loans and are illegal in many states. Before agreeing to a title loan, there are a few other options to consider:
- You can get financial help from a friend or family member
- Try an auto equity loan that uses your car’s value instead of the title.
- Ask your local library or non-profits if they offer any financial programs
Since you need extra cash, consider using the
Jerry
app to save money on your car insurance. Jerry gathers customized quotes from over 50 top providers to ensure you always have the best rate and coverage.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
