How do title loans work in Alabama?
A title loan is a loan that allows you to use your qualifying vehicle as collateral, for money. You present the lender with the car title and the lender becomes a lienholder for the duration of the loan. The lenders will have your vehicle’s title until the full amount of the loan, principle plus interest, is paid off.
How do I contact TitleMax?
(888) 485-3629TitleMax / Customer service
What all do you need for a title loan in Alabama?
Your vehicle, photo ID, income and a clear vehicle title are all that is needed to get a car title loan.
How much can you get for a title loan in Alabama?
Alabama Title Loans | Cash For Your Paid Off Vehicle. If you live in Alabama you can get up to $20,000 with a fast and easy car title loan. Online title loans are easy to get and even quicker to qualify for, all you need is a vehicle with equity that you own.
How long has TitleMax been in business?
Since the first store’s opening in 1998 in Georgia, TitleMax has expanded to over 900 locations spanning 14 states. With more than 2,000 team members nationwide, we pride ourselves on providing customers with clarity and confidence.
Who is the CEO of TitleMax?
Founder and current CEO, Tracy Young, opens the first TitleMax® and TitleBucks® locations in Savannah and Columbus, Georgia.
Can I pawn my car title online in Alabama?
Apply for a Title Pawn Online or Over the Phone – No Need to Visit the Store. If you are an Alabama resident, you don’t have to visit a store to get a title pawn. After submitting the online title pawn form, a representative will get in contact with you to begin the application process over the phone.
Are title loans legal in Alabama?
The state of Alabama requires title loan lenders to be licensed, which means they are being regulated by the state to protect you, the consumer, against things like fraud. That also means that in the unlikely event things go wrong, or a lender does not follow the laws set forth by the state, you can take legal action.
What is the highest title loan you can get?
How much can you borrow with a title loan? You can usually borrow 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more.
Whats the smallest title loan you can get?
A car title loan is a small secured loan that uses your car as collateral. Car title loans tend to range from $100 to $5,500 — an amount typically equal to 25% to 50% of the car’s value. The loan term is short — usually just 15 or 30 days.