“How Many Title Loans Can I Have?”

Many consumers come to us with important questions about title loans. One of the questions we hear often is, “Can you have more than one title loan?” The short answer is, “It depends.” We are happy to help you determine the best way to proceed if you already have a title loan with another company. In many cases, we can still help you with financing after resolving a few details.

Some people get into a financing situation with another lender and find themselves stuck with high interest and exorbitant fees. When this is the case, Title Pro may be able to step in to help. The right question to ask here isn’t, “Can you have more than one title loan?” but “Can I get a better loan than I already have?” It’s often possible to refinance a title loan already in place with a new loan. What’s more, it may be possible to accomplish this financing at a more competitive rate to save you cash in the long term.

About the Title Loan Process

As you ask important questions like “How many title loans can I have?” it’s important that you’re well-informed about the title loan process you’ll experience with Title Pro. We place the power of your car’s equity into your hands so you can use it where you need it. Our rates are competitive, and we offer monthly payments to make it simpler to meet the terms of the loan.

The steps for our online title loan process have been streamlined for our customers:

  1. Apply for the loan by submitting an online application.
  2. Once we receive your application, a Title Pro customer service representative will call you to discuss the details and help you finalize the loan.
  3. Once you’re approved, you’ll get the cash you need.

Once you apply for a loan, we’ll call you to answer your questions and explain the entire loan process. We will also guide you through every step, including submitting loan documents and completing the simple online vehicle appraisal. We’ll also help you with the process of electronically signing documents, if necessary, or at a loan center near you. After we receive all of the documentation required and take a look at your credit, we’ll review it and send a fast response. (Note that you don’t need a flawless credit report to qualify for our loans.) With approval, you can choose how you want to receive the money including a direct deposit it into your bank account, and through a Western Union near you. Many people get their funds as soon as the same day! Our services don’t end there, though. We’ll continue to be available to answer your questions before, during, and after approval. We want you to feel comfortable with your financing decision.

We require that you own your vehicle and have a title showing your name and a valid government-issued identification card showing the same name. You also need to be at least 18 years old in most states (19 in Alabama), an email address and be able to satisfy any local requirements regarding proof of income and proof of residency. In order to get your money through electronic transfer, you will need to have an active checking account. Apply today to learn how we can help with competitive financing.

  • * Loan transactions completed before 4pm CST on the same business day may be eligible for same day funding.

    To qualify for a Title Pro loan, applicants must satisfy all Title Pro eligibility requirements including, without limitation, an unencumbered motor vehicle title, satisfactory vehicle appraisal, verifiable identity, a minimum satisfactory FICO® score, valid and verifiable email address, valid and verifiable bank account and, in some states, minimum verifiable income. Applicants must be 18 years of age or older (19 in Alabama). Title Pro reserves the right to require all applicants to submit documentation to validate loan eligibility requirements. Available loan amounts, repayment periods and applicable finance charges vary by state and are governed by state law and the Title Pro loan agreement. Refer to the States and Fees page for further details on Title Pro’s licenses, available loan amounts, and loan pricing.

    Title Pro currently does business only in South Carolina, Georgia, Alabama, California, New Mexico, and Utah. If Title Pro is not able to approve you for a loan, or if you reside in a state where Title Pro does not currently do business, you may request Title Pro to refer you to another creditor who may be able to assist you with your credit needs.

    In South Carolina, Georgia, Alabama, California, New Mexico, and Utah, all Title Pro loans have a contractual term of 36 months. Following is a representative example of a $3,500 Title Pro loan.

    In South Carolina, Title Pro makes motor vehicle title secured supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq.; Title Pro does not offer short-term vehicle secured loans as defined by South Carolina Consumer Protection Code, § 37-3-413.

    Loan Proceeds Title Fee (amt. varies by state) Finance Charge Payment Schedule+ 36 payments of: Total of Payments Annual Percentage Rate (APR)
    $3,500 $15.00 $2,279.30 $160.96 $5,794.30 35.98%
  • + The loan example above assumes a monthly payment schedule with payments due on the same date of each month – actual monthly payment amounts and APRs may vary depending on the month and date of loan origination. The final scheduled payment amount typically differs from the standard payment amount.
  • - California customers: In California, the minimum loan amount is $2600. Loans are made by TMX Credit, Inc. d/b/a Title Pro, California Finance Lender Law License No. 603 J737. Refer to the States and Fees page for further details.

    The minimum contractual term of a Title Pro loan is 36 months, and the maximum contractual term of a Title Pro loan is 36 months. The maximum annual percentage rate (APR) for Title Pro loans is 35.99%.
  • - New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.
  • - Utah Consumers: please see Utah QUESTIONS or COMPLAINTS.
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