A title loan is a loan where a vehicle title is used as collateral in exchange for the loan amount.
Essentially, yes. The main difference between a title loan and a title pawn is terminology and location. Depending on your state, it will either be called a title loan or a title pawn; however, the term itself refers to the same process and type of loan.
Title loans are available in-store in the states below. Minimum and maximum loan amounts vary by state. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.1
Arizona: $100 - $2,500
Louisiana: $500 - $1,000
Oregon: $100 - $300
Tennessee: $100 -$2,500
Texas: $100 - $5,000 (not available in Austin, Fort Worth, or Dallas)
Just use the ACE Cash Express store locator to find a store near you and apply in person. To apply, simply bring in a clear title with your name on it and government issued photo ID. We accept many types of titles, including: original titles, certified copies, salvage titles, and titles that have released liens signed off by another lender on the front.
If you are approved, you will immediately receive your approved loan amount in cash.1
Absolutely! If approved, you get the money, and you get to keep driving your vehicle.1
Your title loan due date(s) and term (length) of the loan will vary by state. You will be informed of the due date(s) if your loan is approved.
You should pay your title loan or title pawn in the store where the loan was originated with cash on or before the due date(s). You will not be penalized for making an early payment.
Every loan comes with a 72-hour satisfaction guarantee. So if you change your mind about your loan, just return the principal within 72 hours and pay nothing more.
In Ohio and Virginia, you have until 5:00 PM Central Time on the third business day after receiving your funds to cancel your loan. For example, if you take out a loan on Monday, you have until 5:00 PM Central Time on Thursday to cancel your loan.
Our credit decision on your application may be based in whole or in part on information obtained from a consumer reporting agency, including, but not limited to, TransUnion, LexisNexis, and/or FactorTrust, Inc. However, inquiries by us will not affect your FICO® score.