What States does MaxCash Service?

December 13, 2018

A car title loan is a loan where to borrower puts down their car’s title as collateral for the loan. If you are thinking about a car title loan through MaxCash, you are probably wondering whether MaxCash services in your state. You are also probably wondering about title loans and what the requirements are in each state. There are many states that MaxCash can service.

The States that MaxCash Does Service for Car Title Loans Are:

 

 

Definitely a Yes

 

 

Multiple Types of Loans Offered

 

 

 

Maybe*

·         Alabama

·         Arizona

·         Arkansas

·         California

·         Delaware

·         Georgia

·         Idaho

·         Illinois

·         Massachusetts

·         Missouri

·         Nevada

·         New Hampshire

·         New Mexico

·         South Carolina

·         Tennessee

·         Texas

·         Utah

·         Virginia

·         West Virginia

·         Wisconsin

·         Iowa

·         Indiana

·         Kansas

·         North Carolina

·         North Dakota

·         Ohio

·         Oklahoma

·         Pennsylvania

·

·         Alaska

·         Kentucky

·         Vermont

·         Kansas

·         Washington

 

 

 

 

Not Considered a Title Loan but Yes

 

·         Florida

·         Louisiana

·         Michigan

·         Minnesota

·         Mississippi

A car title loan is a loan where to borrower puts down their car’s title as collateral for the loan. If you are thinking about a car title loan through MaxCash, you are probably wondering whether MaxCash services in your state. You are also probably wondering about title loans and what the requirements are in each state. There are many states that MaxCash can service.

The States that MaxCash Does Service for Car Title Loans Are:

For Alaska, Kentucky and Vermont only through tribal lenders,

For Kansas and Washington, you have to be a small business owner.

·         Colorado

·         Connecticut

·         Hawaii

·         Montana

 

·         Nebraska

·         New Jersey

·         New York

·         Oregon

 

·         Rhode Island

·         South Dakota

·         Washington DC

·         Wyoming

 

The states that MaxCash does not currently service are:

·         Colorado

·         Connecticut

·         Hawaii

·         Montana

 

·         Nebraska

·         New Jersey

·         New York

·         Oregon

 

·         Rhode Island

·         South Dakota

·         Washington DC

·         Wyoming

 

What Should I Think About Before I Take Out a Title Loan?

There a couple things that you should think about before you decide to sign a contract for a title loan:

  • Your History – You should think about how you’ve handled credit card/credit line/loan payments in the past. Or you are looking into becoming more responsible from your past debt. If you are on a positive financial path, then getting a title loan may be a great fit for you.
  • The Annual Percentage Rate or APR – Take a good look at the annual interest rate the lender is giving you. Interest rates can be high for car title loans, so it is important to really analyze how much interest is added to the amount you will be paying back to the lender. Most lenders will show you the APR in monthly terms. This also known as the monthly percentage rate or MPR.
  • Income– You should look at how much you make monthly and yearly. This should be a huge factor in determining if you can reasonably make the payments on time. Most lenders will already do this for you, but you know your spending habits better than they will.

What Are the General Requirements for a Title Loan?

Each state handles car title loans with their own rules and regulations. However there are general requirements no matter what state you are looking to get your title loan in. Before you may be considered for a title loan, your lender may require these:

  1. Government issued I.D (a driver’s license, passport etc.)
  2. Proof of income (paystubs, invoices, bank statements)
  3. Lien-free qualifying title for your vehicle
  4. Several pictures of your car (your lender will let you know what they are looking for)
  5. Proof of residency

Why Consider a Title loan?

Car title loans may be a good option to consider if you have poor credit history. Unlike traditional loans, credit is not a huge factor in determining eligibility. Since a vehicle’s value is a large variable in shaping the amount a person may receive, they may receive more than they would on a traditional loan1.

 Why Use MaxCash for Car Title Loans?

If you still think car title loans are right for you, and you live in a state where you can get one, MaxCash may be the best option for you. The cool thing about MaxCash is that we are a free service that connects you to several trusted lenders5.  All of the lenders we can use factor in your income, the value of vehicle and your ability to repay the loan. They then may make you an offer for a car title loan1.

You can begin by getting a free estimate online by putting in your vehicle’s make, model, year and mileage. In addition you will have to fill in some basic contact information about yourself. If you would rather do this over the phone that option is also available. Unlike other places we may be able to connect you with lenders in a few minutes5.

MaxCash services several states across the country. Some states have laws against car title loans. If you are located in a state where car title loans are legal and want to go through MaxCash we may be able to help you connect with reputable lenders5.

DISCLAIMER: The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.
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