HOW MUCH CASH CAN I GET?
RATES & FEES
A common question we get is:
How much will I be charged for taking out a title loan?
Answer: your rate will depend on how much you choose to borrow for your title loan and on the APR that you qualify for.
Example Fee Schedule:
Below please find an example fee schedule. It is an example only and may not be the exact fee schedule that you receive. The exact terms will be disclosed to you before you sign the loan agreement.
In this example if you borrow $2,000 your repayment amount will be $2,315.88 in 30 days.
How does the APR for a single payment small dollar loan compare to other options?
Compare your options for the cost of $100 extension of credit for 14 days:
|Product Type (single repayment)||Charge||APR|
|NSF + Bounced Check||$45.00||1,173.21%|
Representative APR Range
Please note: TitleLoanSOS.com is not a lender and does not provide title loans but refers consumers to lenders who may provide such loans. TitleLoanSOS.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs vary according to the information supplied by you in your loan request and your lender. You will be given the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement in the loan request process.
Typically the APR for a title loan will between 90% and 190%. The APR will depending on the loan amount, the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on.
Implications of Non-Payment and other Considerations
We would like to remind you that TitleLoanSOS.com is not a lender and TitleLoanSOS.com does not charge any fees for its services. Every lender in the TitleLoanSOS.com network provides the consumer with specific terms, conditions, and practices prior to the consumer’s acceptance of the loan. We recommend that you carefully review the terms and conditions of any loan offer presented to you. For further details about the above considerations see our Rates & Fees and Lending Policy web pages.
Implications of Non-Payment, Late Payment, or partial payment
When you accept the terms and conditions for a loan offer, you are agreeing to pay back the loan principal and finance charges in the amount of time shown in the documents supplied by your lender. Additional fees or charges by your lender may apply in the event that you are unable to repay your loan in full or if you make a late payment. TitleLoanSOS.com cannot predict the amount of the fees or charges that you will incur as a result of non-payment, late payment, or partial payment. TitleLoanSOS.com has no control of knowledge of the loan details between you and your lender. Please refer to the late payment, partial payment, and non-payment policies detailed in the loan documents provided by your lender. TitleLoanSOS.com does make an effort to work only with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner.
Fees and Interest
If approved for a loan, your lender will present you with the exact fees and interest rate of your loan prior to your acceptance of the loan. TitleLoanSOS.com is not a lender and cannot predict the exact fees and interest of the loan option presented to you. You are under no obligation to accept the terms presented to you by the lender.
Credit Score Impact
TitleLoanSOS.com does not make credit decisions nor does TitleLoanSOS.com conduct a credit inquiry on consumers. Some lenders on the TitleLoanSOS.com network may conduct a non-traditional credit check in order to determine your eligibility for a loan. Lenders typically do not conduct a credit inquiry with the three major credit bureaus: Transunion, Experian, or Equifax. Ultimately, your credit score may or may not be affected by the actions of a particular lender. If you do not repay your loan on time your lender may report this delinquency to one or more credit bureaus, which could have a negative impact on your credit score. We encourage consumers with credit problems to consult a Credit Counseling company.
Renewal Policy Information
Loan renewal policies are largely governed by state regulatory legislation. The loan renewal options will be presented to you by your lender prior to your acceptance of the loan. Please make sure to diligently read the renewal policy presented to you prior to signing the loan documents. Title loans are intended to be a short term financial instrument. TitleLoanSOS.com encourages all consumers to repay the loan on time and in full in order to avoid late payment and/or non-payment fees. If you suspect that you may be unable to pay off a Title loan we would recommend that you explore Loan Alternatives before applying for a Title loan.
TitleLoanSOS.com is not a lender and TitleLoanSOS.com does not engage in debt collection practices. Your lenders’ collection practices will be disclosed to you in the loan documents. If you are unsure of the collection practices used by a specific lender we recommend that you discuss this issue with your lender directly. TitleLoanSOS.com makes reasonable efforts to only work with established, reputable lenders who pursue collections of past due accounts with fair conduct.