Consumer Center

APPLY NOW

Title Loans

1. Monthly Payments Table for 12 months short term loan

1 Stop Money Centers offers title loans up to $50,000. The amount we lend to a specific borrower depends on both the value of the vehicle they own as well as their monthly income, as well as the individual borrower needs. Since we are committed to being part of your financial solution and do not want to issue a loan that would require payments you are unable to comfortably make, we offer a variety of loan terms (the length of the loan) so that ultimately, you can determine the payment amount that fits your budget.

Back to Top

2. How much can I get from a car title loan?

At 1 Stop Money Centers the installment loans we offer range from one month to four years. Depending on the amount of the loan, you will have multiple options. For instance, you could choose to pay back a $1,000 loan in as little as six installments or as many as twenty-four. However, because interest accrues daily we encourage all of our customers to repay the loan as soon as possible to minimize their interest payments. Of course, there are no pre-payment penalties at 1 Stop Money Centers so you may repay the loan in full at any time prior to the final scheduled payment date. Once your loan has been approved one of our 1 Stop representatives will explain all your payment options.

Back to Top

3. How long do I have to pay back a title loan?

The way a title loan works is simple but you must own the vehicle to obtain one. You offer your car title as collateral, and in exchange, you can get cash today. While you are making your scheduled payments you keep driving your vehicle. Once the loan has been satisfied, the title will be returned to you. While it is easy to obtain a title loan, there is a risk of having your car repossessed if you do not make your scheduled payments.

Back to Top

4. How does a title loan work?

No. They generally do, however, come with a higher interest than some other financial products (credit cards, for example) so they should not be taken out on a regular basis and should be paid back as soon as possible. There is also a risk of losing your vehicle if you fail to make your scheduled payments. While this sounds risky, it is like almost every other loan product on the market, as long as you are paying the loan back as scheduled you will never pay more than is called for in your loan agreement and your property is not at risk.

Back to Top

5. Are car title loans bad?

While this is generally not the case it is something that will vary from lender to lender.

Back to Top

6. Do title loans go on my credit report?

In compliance with Arizona Revised Statutes 1 Stop Money Centers also offers loans to consumers who are still making payments on their vehicle. These are referred to as registration loans. The loans are very similar, however, the amount you are able to borrow may be significantly reduced.

Back to Top

7. Can I get a title loan while still paying on my car?

Yes, in fact this is exactly how a title loan works. You are able to borrow funds using the car title as collateral to secure the loan. Of course, as easy as it is to obtain a title loan, it is equally important to make the payments as scheduled in your loan agreement, or even sooner if possible to lower the amount of interest you pay.

Back to Top

8. Can I use my car as collateral for a loan?

The actual cost of a title loan is going to depend on a variety of factors including the amount you choose to borrow and the interest rate. In Arizona, monthly interest rates can be as high as 17%, which equates to an Annual Percentage Rate of 204%. 1 Stop Money Centers has a process that results in no customer paying the maximum amount allowed by law. While some customers may have interest rates that are close to the maximum, a typical customer sees over a 15% reduction on a $1,000 loan and some save even more.

Back to Top

9. How much does it cost to get a title loan?

1 Stop Money Centers offers title loans up to $50,000. The amount we lend to a specific borrower depends on both the value of the vehicle they own as well as their monthly income, as well as the individual borrower needs. Since we are committed to being part of your financial solution and do not want to issue a loan that would require payments you are unable to comfortably make, we offer a variety of loan terms (the length of the loan) so that ultimately, you can determine the payment amount that fits your budget.

Back to Top

10. How much do I get for a car title loan?

Simply bring in your vehicle, the vehicle title and registration and valid U.S. ID (must be a minimum of 18 years old). To facilitate the process, you should also bring in your most recent pay stub and a utility bill showing your current address to any one of our locations. We will evaluate your vehicle on site and once the application is complete we can usually finish the approval process in about ten minutes.

Back to Top

11. What do you need to get a car title loan?

Refinancing may be possible whether your loan is already with 1 Stop Money Centers or with a competitor. Simply bring in the items noted above, and if you have a loan with a competitor bring in a copy of the contract. Use our Refinancing Calculator to calculate your monthly savings.

Back to Top

12. Can I refinance a car title loan?

Simply bring in your vehicle, the vehicle title and registration and valid U.S. ID (must be a minimum of 18 years old). To facilitate the process, you should also bring in your most recent pay stub and a utility bill showing your current address to any one of our locations.

Back to Top

13. What documents are required to get a title loan?

In many cases, if you have bad credit refinancing may be possible whether your loan is already with 1 Stop Money Centers or with a competitor. Simply bring in the items noted above and if you have a loan with a competitor, bring in a copy of the contract. If you are simply trying to lower your monthly payments, keep in mind that while we may be able to extend the length of your current loan, to do this will result in you paying more interest over the length of the loan.

Back to Top

14. How can I refinance my car with bad credit?

A title loan is a mutually agreed upon exchange in which you offer your car title as collateral to secure a loan today. If you are over 18, have a valid ID, and have a car title in your name, you can usually get approved the very same day. Once the loan is secured, you will want to pay it back as quickly as you can to minimize interest costs and have the vehicle title returned to you.

Back to Top

15. What is a title loan?

Though it certainly helps to have a job—because you are going to want to pay the loan back quickly—it is possible to secure a car title loan without one.

Back to Top

16. Can I get a car title loan without a job?

For the most part, the car title loan industry is regulated on a state-by-state basis, and the laws can be quite different by state. The states where you can get a title loan include Alabama, Alaska, Arizona, California, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Minnesota, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.

Back to Top

17. In what states can I get a title loan?

The amount of ‘equity’ you have in your car is the difference between how much the car is worth and how much is still owed on the car. Using the portion of the car that you own (equity) as collateral, you can secure a loan and get cash today. Equity loans are similar to registration loans.

Back to Top

18. What is a Title equity loan?

If your car has been so badly damaged that the insurance company has deemed it to be a total loss, instead of getting a new car title, you may be given a ‘salvage title’. While having a salvage title significantly reduces the value of the vehicle, you still may be able to receive a loan.

Back to Top

19. Can I get a loan for a car with a salvage title?

To find a title loan company, you probably want to begin by asking someone you trust for a reference or researching local companies online

Back to Top

20. How do I find title loan companies near me?

Arizona has set maximum monthly rates depending on the amount of the loan. For loans of $500 or less that rate is 17% (204% APR), for loans of $500.01 up to $2,500 the rate is 15% (180% APR), for loans of $2,500.01 up to $5,000 the rate is 13% (156% APR) and for loans over $5,000 the rate is 10% (120% APR).

Back to Top

21. What are the interest rates allowed for title loans in Arizona?

In most cases, in order to satisfy your loan at any time, you simply need to pay the remaining principle balance and any outstanding interest or late fees. However, if you have not been making scheduled payments, it is possible that there may be repossession costs, storage fees or even legal costs added to the loan balance.

Back to Top

22. How can I get out of a title loan?

If you do not make all of the scheduled payments, it will result in the amount of interest due to increase substantially. Falling behind on more than one payment could result in your vehicle being repossessed and sold at auction to satisfy the loan. Even then, if the amount the vehicle was sold for is not enough to satisfy the amount due on your loan you are still responsible for the remaining balance. It is therefore important for you to never take out a loan that result in higher monthly payments than you can afford to make.

Back to Top

23. What happens if I don't pay a title loan?

In compliance with Arizona Revised Statutes 1 Stop Money Centers also offers loans to consumers who are still making payments on their vehicle. These are referred to as registration loans. The loans are very similar, however the amount you are able to borrow may be significantly reduced.

Back to Top

24. Can you take out a title loan on a financed car?

While this is generally not the case, it is something that will vary from lender to lender.

Back to Top

25. Do unpaid title loans go on your credit score?

Like most loans, a borrower receives a loan in exchange for a security interest in some form of collateral. In this case, that collateral is the vehicle title. Once the loan has been satisfied, the vehicle title is returned to you. However, be aware that if you do not make all of the scheduled payments you do risk losing the vehicle

Back to Top

26. How does the car title loan process work?

PrincipalAmount Title Loans Registration Loans
$500 $89.69 $103.23
$750 $123.05 $138.36
$1000 $164.06 $184.48
$1500 $246.10 $276.72
$2000 $328.13 $368.96
$2500 $410.16 $461.20
Actual payments may be lower or higher depending on your specific loan.

Back to Top
Title Loan Payments Calculator
Registration Loan Payment Calculator
Refinancing Calculator
Apply now to save

You can save per year

Apply

Didn`t find your question here? What would you like to know?