How Do Title Loans Work?

No matter how well you manage your money, sometimes emergencies create costs that you can’t afford to pay.

A title loan may be an option when you need quick access to money. These short-term loans offer the cash you need to help cover your immediate expenses.

If you have a clear title to a vehicle and have unexpected costs to pay, learn what you need to know when considering a title loan!

How do title loans work?

Title loans use your vehicle’s title as collateral for the money you’re borrowing. This shows the lender that you’re serious about repaying the debt on time. Along with the amount you borrowed, you will have to pay fees to the lender to receive the loan, and interest.

How do I get a title loan?

Applying for a title loan starts with an easy application. After applying, you will get an instant decision on your application. To apply for one of these short-term loans, follow these steps:

1. Complete the application

Title loans are only available in-store and in certain states, so you will need to visit your nearest ACE Cash Express location if your state has title loans available. Ask for a title loan and complete the application provided by our staff. When you apply, we’ll ask for:

  • Your name, address, and phone number
  • A clear title for your vehicle in your name
  • A valid, government-issued photo ID
  • Proof of an active bank account that has been open for at least a month
  • Evidence of a steady, recurring source of income, such as employment, self-employment, disability, retirement, or another source

2. See if you qualify

We offer instant decisions regarding your qualification, and you can receive cash on the spot if approved.1

Where can I apply for a title loan?

You can apply for a title loan at any ACE Cash Express store in a qualifying state. These loans are only available in:

See if you qualify for a title loan by applying today at your local ACE store!

1.  All loans subject to approval pursuant to standard underwriting criteria.  Loans should be used for short-term financial needs only, and not as a long-term solution.  Customers with credit difficulties should seek credit counseling.  Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third-party lender.