BUYER BEWARE: The 5 Questions You Should be Asking

#1 Do you pull credit reports?

Do not get fooled by the bait and switch rates that many companies post or advertise. In the fine print you will see a note about credit worthiness. What they are not telling you is that they want to see a credit score of 700 or higher. If they are asking to pull your credit/change rates – buyer beware! At Maximum Title Loans we never pull credit and change rates like the others do. Do you want a title loan company reporting to the credit bureaus? Of course not! Straight forward and honest – that's the Maximum Title Loans promise.

#2 – Are you a direct lender?

There are many "lead generating" websites for title loans. These websites are not always easy to spot. You may think you are applying directly for a title loan but in fact you may just be submitting your contact information to be sold to lenders that may or may not be in your area. It is always better to apply directly to the lender. If there website does not specifically state that they are a direct lender, chances are they are not. Maximum Title Loans IS a direct lender.

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

Make sure you work only with local companies that are members in good standing with the BBB. Protect yourself and know that you are dealing with a reputable company. See if the company's website has the BBB logo and if you are not sure, pick up the phone and call the BBB to find out if the business is registered and in good standing.

#4 – How do you determine your loan amounts?

Ask the title loan company if they use NADA or Kelly Blue Book to determine your maximum loan amount. Keep in mind that KBB has higher values, which means greater loan potential.  Also ask what percentage of KBB  or NADA value do they loan up to, AND do they use Trade-in, Private party or Retail value. We use KBB to maximize loan amounts and can go as high as 100% of value. We truly offer the maximum title loan.

#5 – What are the repayment terms?

Many title loan companies have 15 day repayment terms. We have 30 day terms. Why is this important? If payments are due every 15 days that can really hurt your short term finances. Since chances are you obtained a title loan to help you with your cash flow, you will want to choose the company that offers you the most flexible repayment terms. Our interest only 30 day terms are the most flexible you will find. We also offer Principal and Interest Terms. We can structure you loan any way you choose.