I’m sorry to hear you’re struggling financially right now. If you’re interested in a car title
loan, look for lenders like: There may be other lenders offering title loans locally as well. Before agreeing to a title loan, be sure to research the lender. You’ll want to ensure they’re registered with your state’s local banking or financial regulation department, Attorney General’s office, or the Better Business Bureau.
Title loans work by using your car’s title to secure the loan, which means they can repossess your car if you default. Unfortunately, title loans have high-interest rates and short loan terms, which have made them illegal in many states.
If possible, consider other options first:
PAL: A payday loan available for members of credit unions. They are safer than traditional payday loans.
Personal loans: Check with your bank or credit union. Typically personal loans will have much lower interest rates than a title loan.
Talk to the companies you owe: Many lenders offer payment plans or extensions.
Save where you can, like with your car expenses
: You can make sure you’re saving as much as you can with car insurance by using the Jerry
app.
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