Best Bad Credit Title Loan Companies (UPDATED Dec. 2024)

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MaxCash Title Loans

With Max Cash Title Loans, you can take out a title loan of up to $50,000 and retain full use of your vehicle. Approvals are speedy and the money is deposited to your account within 3 days.

9.6Our Rating

4.7User Rating

4.7/5 - (6 votes)

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Check Into Cash

Check Into Cash is a direct lender offering payday loans, allowing you to get some instant cash when you absolutely need it. You can apply either online or in-store.

9.7Our Rating

4.4User Rating

4.4/5 - (7 votes)

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LoanMart

LoanMart Car Title Loans offers auto title loans of up to $50,000. Applying for a loan with this company is free, the repayment terms are reasonable, and there are no prepayment fees.

9.5Our Rating

4.2User Rating

4.2/5 - (5 votes)

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AutoCashUSA

AutoCashUSA offers title loans or pawns ranging from 300-15,000$. They operate a network of 700+ lenders and provide cash within 30 minutes while allowing you to keep driving your car.

8.3Our Rating

4.3User Rating

4.2/5 - (4 votes)

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TFC Title Loans

TFC Title Loans allows you to take out an auto title loan of up to $50,000 with no hidden fees and prepayment penalties. Its services are available in California, New Mexico, and Arizona.

8.2Our Rating

4.2User Rating

4.2/5 - (5 votes)

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Netloan USA

Netloan USA is a very forthcoming broker company. They don't charge for their services, take good care of your personal information and security, and quickly match you with a perfect lender.

8.1Our Rating

3.5User Rating

3.5/5 - (4 votes)

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Performance Auto Loans

Performance Auto Loans can provide you with a personal or auto loan even if your credit score is not so great. Auto loans go up to $20,000 and the maximum repayment term is 48 months.

7.9Our Rating

4.3User Rating

4.2/5 - (4 votes)

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TMG Loan Processing

TMG Loan Processing is a company specializing in title loans, using your car as collateral. You can borrow up to 50k, based on the value of your vehicle and your ability to make regular payments.

7.7Our Rating

3.4User Rating

3.4/5 - (5 votes)

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Choosing The Best Bad Credit Title Loan Company

It’s really important to do a proper market research before applying for any type of loan, especially if your credit score is not too good. That’s why we’ll share our list of the top 5 factors you should keep in mind when it comes to choosing the best bad credit title loan company.

Interest rates are obviously our number one criterion. If you have a bad credit history, you can expect much higher rates than usual. The general cut-off percentage is 36%. This is the usual interest rate for this type of loan, so if you can go any lower than that, excellent.

Requirements are also more cumbersome than usual. You should pick a lender with the most lenient set of demands possible. Some of them will even forbid you from driving the car, which is exactly the kind of demand you don’t want to see. The usual procedure requires you to provide the copy of the car key alongside the copy of your driver’s license, proof of insurance, registration, vehicle ownership, income, and residency.

Vehicle restrictions will determine whether you can use your current vehicle as collateral against the bad credit loan. Some companies are, naturally, more restrictive than others while some will allow you to set up a loan even against your motorcycle, SUV or boat.

Penalties are, unfortunately, an integral part of our everyday lives as borrowers. Let’s face it, we don’t always pay on time, so you’ll want to find a company with as few penalties as possible. These can include things like penalties for overpaying, for missing your payment, and so on.

Company reputation is of the essence with bad credit loans since this section of the loan business is ripe with scams and disreputable companies. You’ll want to make sure your company is in business for a long time. Furthermore, their online user feedback should be positive and they should have ratings with BBB or some other relevant institution.