TitleLoanPortal is not a direct lender, but a loan matching platform with a vast network of car title lenders who are able to provide consumers with personal loans up to $25,000. These type of loans using car titles as collateral are loans designed to help consumers manage a wide range of emergencies or expenses. The best part about loans using consumers’s vehicles as collateral is the fact that the borrowers keep possession of their cars. So if you need cash for 30 days or less (sometimes longer) without losing the right to possession of your car, a car title loan is a great option.
Why TitleLoanPortal Loans?
The online loan application process is convenient, easy and fast. Its application can be completed in less than 5 minutes. To apply for a secured personal loan with your car as collateral, you simply have to fill out your contact information and a representative of TitleLoanPortal may call, guide you through the process and answer any questions that you may have before signing any loan document and your car title.
Based on the appraised value of your car and the amount of money that you need, pre-approval length typically takes less than five minutes. This process is 100% online, but sometimes you may have to visit a local office in some areas of the country to sign the loan documents in person and, sometimes, someone might inspect your vehicle.
TileLoanPortal is not a direct lender. It is a loan matching platform that helps consumer find a car title loan which consists on secured loans using your car as collateral without losing your driving privileges. You can get up to $25,000 through TitleLoanPortal, but the amounts may vary per state. The maximum amount offered in Mississippi and Tennessee is $2,500 while in Illinois, the max. loan amount is $4,000.
We only recommend a loan using your car as collateral as a last resort – after you already drained your options – because the accrued interest or APR tend to be much higher than a personal or conventional loan or even payday loan (cash advance). So, your very first step is to find out your credit status in order to start looking for better options (if possible).
If after taking a look at your credit report, you discover that your credit score is above 640 points, we recommend you to use Prosper since you can get an unsecured personal loan (no collateral) with the lowest APR in the market starting at 5.99%. However, if your credit is in bad shape and you run out of options, TitleLoanPortal can be a life saver.
Secured loans using your car as collateral. A life saver if you have bad credit since you can get a loan up to $25,000.