We are open! Click to see our updates regarding COVID-19.


Benefits of Title Loans

by Cash Store Staff


Couple Speaking with a Representative

A title loan is a quick and easy way for a vehicle owner to receive a cash loan. Sometimes, life happens, and you need a large sum of money quickly. If you have a free-and-clear car title, you can receive up to $25,000 based on the value of your car and state laws. Title loans are regulated differently in each state. Some do not permit them, and some have different maximum loan amounts than others.

Title loans are often portrayed in a negative light by the media, but many consumers have benefited from their solutions. Here are just a few benefits of title loans.

Woman Filling Out Online ApplicationApply Online

Our quick and easy online application allows you to apply for a title loan in no time. All you have to do is fill out our secure, short form and bring the required documents to your nearest Cash Store location.

What you need to bring in:

  • The vehicle you currently own along with its title (in your name)
  • Valid driver’s license or state-issued identification document
  • If you live in Illinois, you’ll also need to bring proof of income, such as a recent paycheck stub

Easy to Qualify

One of the best benefits of a title loan is there are no credit checks during the approval process. This means you can receive financial assistance with bad or no credit. You can also do a quick check online to learn how much your car is worth so you know what loan amount to expect when you apply.

Woman Signing PaperworkQuick Approvals

While many loans require a few days to process, you can be approved for a title loan on site and leave with cash in hand the very same day. This can allow you to resolve a financial issue quickly and stress-free.

Ability to Continue Using your Car

Title loans give you the option to receive a loan while still using your vehicle. This is often a better option than selling. We don’t believe in putting our customers in positions where it becomes more difficult to provide for themselves. We understand that you may need a vehicle to get to work, doctors’ appointments, and more.

With a title loan, the car is used as collateral in case the borrower cannot pay back the loan. Essentially, the paper title is temporarily surrendered to the lender. Once the loan is paid back in full, the title is returned to the borrower. This allows the borrower to continue using their car like normal throughout the length of the loan.

Piggy Bank on a CarPay Back Over Time

We like to keep payments manageable for our customers, so we spread them out evenly throughout a predetermined period. Schedules may vary by state, but you can plan ahead by using our APR and Rate Card page to understand loan rates, fees, and products by state.

If you’re unsure if you need a title loan or another cash loan option, head over to your local Cash Store location where our team is happy to help. If you know a title loan is what you need, get started with our online application. For more financial tips and information, check out our blog.

Back to Blog List
Yellow icon check mark in a circle

How Much Can I Get?



Save time in the store by applying online.

By completing submission you agree to Cash Store TermsCash Store will send you communications and product announcements targeted to your interests. You may opt-out at any time.