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How Much Could I Obtain with a Title Loan?

How Much Could I Obtain with a Title Loan?

How much could you obtain with a title loan? Going in to get a title loan, you’ll generally have a few questions in mind. How much can I get with a title loan? Can a title loan help me get back on my feet financially? Will I receive enough funds to repair my monetary situation?

With Max Cash®, you just might be able to acquire the funds you need. Let’s take a look at the process of obtaining a title loan and see just how much you could potentially obtain through the process.

Title Loans, Step 1: The Online Inquiry

Your first step in the process of obtaining a title loan is applying online. On the Max Cash website, you’ll find a page with a contact form on it. Once you’ve made contact, Max Cash will ask you for some specific information. The information they’ll want to know includes:

  • Your General Location- In order to narrow down the search for a lender, they’ll need to know your general area. Nothing as specific as your home address or anything, all they’ll need to know is your city, state, and zip code of residence.
  • Your Monthly Income Level- An important part of any loan inquiry: your monthly income level. Knowing your income will give lenders an idea of how much you can afford to pay each month. It’s important to be as accurate as possible with this portion of the inquiry. An incorrect estimate could lead to you being asked to pay more than you can afford, or to get a smaller loan than you’d like.

Other Information Needed to Obtain a Title Loan

  • Your Contact Information- At certain points during the process, Max Cash may need to contact you, and in order to do so, they’ll need some way to reach out to you. The contact info they’ll want to know will include your name, as well as a phone number and email address.
  • Some Vehicle Information- The last thing you’ll need, specifically for a title loan, is some information about the vehicle you’re taking the loan out for. This will include the make, model, year, and mileage of the vehicle. Just as with your loan level, this will have a large effect on determining how much of a loan you get in the end.1

With this information filled out, you’re ready to move on to the next step. Don’t worry, this one won’t be as complex. In fact, you might be surprised at just how easy this next step actually is.

Title Loans, Step 2: Finding a Lender

The first thing you’ll want to do is get comfortable. Pull up a spot on your favorite couch, relax and enjoy. What about finding a lender, you say? Oh, don’t worry about that. Max Cash is taking care of it for you.

That’s right, you won’t have to do any work for steps 2 through 4. Instead, Max Cash will be going through the process of finding a loan for you while you relax. They’ll start by taking your provided location information and using it to cut down their country-wide list of lenders to just those that serve your area.

Once they’ve done that, they’ll present the qualifying lenders with your vehicle’s information and ask whether they’re interested in providing you with a title loan. The lenders that are interested will be put on a new, separate list. As you’ll soon see, Max Cash isn’t done with them quite yet.

Title Loans, Step 3: Negotiating On Your Behalf

Negotiation can be difficult. How low is too low for an initial offer? Where’s the fine line between the best deal you can get and rejection from your business partner? How do you haggle well enough to get a good price without actually running yourself out of options? The answer is simple: you get help from a professional.

Max Cash will compare all of the loan offers they have, and determine which is the most suitable one for you based on your current financial situation.5 Of course, the actual amount of the final deal can vary based on your monthly income level, vehicle information, and other statistics1,5

Title Loans, Step 4: The Contact Process

Contacting the lender is the next step in the process of landing yourself a loan. Max Cash usually offers a few methods by which you can contact your lender. Max Cash will share your provided contact information with the lender, allowing you to interact directly. The two different types of contact information you can share are your phone number and your email.

Title Loans, Step 5: Exchanging Funds

Once you’re in contact with your lender, most of the important information about the loan will have been discussed already: the amount, term, and interest rate. If you agree to these set terms, there’s only one thing you’ll need to discuss with your lender: how to make the exchange.

Generally, there are three options you can take in order to receive your funds from your lender. Those three options are:

  • An In-Person Exchange
  • Mailed Checks via the Postal Service
  • Online E-Commerce Websites
  • Direct Deposit (in Some Cases)

Depending on your personal situation, one option may be better than the other, or the lender may request a specific option. Regardless of how you make your decision, once you and your lender have come to an agreement, you’re done!

This process is so straightforward with Max Cash!

By Lauren Degeyter

Lauren has over ten years of experience in the financial services industry, making her an excellent writer for the Max Cash blog. Her passion for sharing financial tips with readers stems from her experience working in many client-facing roles.