Benefits to a Car Title Loan American Title Loans provides short-term loans based on the value of your vehicle and your ability to repay the loan. The amount you are offered will depend on your application information, your income, and your payment history with us. To qualify for a loan you must have a regular source of income. At American Title Loans, our easy online application process helps you get the fast cash you need to cover life's unexpected events. This is a new option for people who want a short term loan without the hassle of going to a bank or the costs of a payday loan. Over a Traditional Bank Loan American title Loans does not do credit checks or report to a credit agency. Bad credit, no credit, bankruptcy you can get approved. At American Title Loans your loan is based solely on the value of your car and your ability to repay the loan. Over a Payday Loan American Title Loan's rates are typically 200%, 500% lower APR than payday loans. Many payday lenders charge $20 to $30 per hundred dollars borrowed for every 2 weeks you keep the loan. That's a 521% to 782% APR! And even if you pay off the loan early, you may still owe the entire loan fee, with our No Hidden Fee payment options. At American Title Loans, you can pay off your loan in part or completely at any time - with no penalties. It's your choice.. How It Works Complete the Online Application. Fill out the confidential online application or stop by one of our stores. After the title loan application is completed you will be contacted directly by one of our customer service representatives. We'll Call You with a Loan Amount. Using the appraised value of your car and your discretionary income we will call you to determine approval and the loan amount. Stop by our Office and Sign the Papers. Bring your car by one of our locations to sign the paperwork and complete the title loan process. Leave with Cash and Your Vehicle. Once everything is signed,you'll leave American Title Loans with a check and your vehicle. Pay Off Loan Anytime. You are only required to pay the interest due each month to keep the loan active. You can pay off some or your entire loan at any time with no penalty and save finance charges! What do I need for a car title loan? The requirements are simple: * A Car or Truck * State or Government ID * Title to This Vehicle * Verifiable Income How long is the loan contract written for? Loans are written for one month. In the event you are unable to pay off your loan,you do at your request have the option to extend your loan each month by paying at least the minimum interest due.