Frequently Asked Car Title Loan Questions

Do you pull credit reports?

Simple answer, no. Here's why: The majority of companies that do will have fine print on their advertisement or post, explaining that they want to see a credit score of 700 or higher. It's a basic bait and switch tactic when trying to get people to get car title loans with their company. They bait you in, then switch by letting you know it's not going to work - or you have to have a higher rate because you do not have a 700 rating. The harm here, besides your wasted time and effort, is now a car title loan company is reporting to your credit bureaus. We understand that this does not help anyone involved, so we do not do it that way. We will never pull credit or change the credit rates like others do. We are straightforward and honest – and that's the Maximum Title Loan promise.

Are you a direct lender?

Yes, Maximum Title Loans is a direct lender. With some online title loan applications, you are submitting to a "lead generating" website for car title loans. This just gives your information to other lenders that may or not be in your area. If a website doesn't say they are a direct lender, chances are they aren't.

Are you a local business accredited with the Better Business Bureau?

Yes, and it is important to realize which auto title loan companies are in good standing with the BBB. If a company is in good standing, then you know you are dealing with a trustworthy, reputable car title loan company. A company can easily be looked up on the BBB website or with a simple phone call, but the ones that are not afraid of anything will have a link to the BBB on their own website.

How do you determine your loan amounts?

At Maximum Title Loans, we use the Kelly Blue Book value to maximize the loan amounts and can go as high as 100% of the value. We truly live up to the name Maximum Title Loans. Other companies will usually use NADA or KBB for their car title loans like we do. Keep in mind that KBB is known to show higher values. Also, be aware if they are using Trade-In, Private Party, or Retail value for their vehicle title loans. All of these can significantly change the price range.

What are the repayment terms?

Unlike many other companies that have 15 day repayment terms, we have 30 day terms. We understand that making payments every 15 days can really hurt your short-term cash flow. Chances are you obtained a car title loan to help with your cash flow, and because of that you should receive the most flexible repayment terms possible. Our interest-only 30 day terms are the most flexible you will find out there. We also offer Principal and Interest Terms. We can structure your loan any way you choose. Remember, we are here to work with you.