ONLINE TITLE LOANS WITH
NO STORE VISIT IN ALABAMA!

How To Qualify For A Title Loan In Alabama

Apply with Premier Title Loans to get up to $20,000 in Alabama with a fast and easy car title loan! These secured loans are easy to get and even quicker to qualify for; you only need proof of income and a paid off vehicle. A car title lender will use the vehicle’s title as collateral for the loan. You will make monthly payments to pay off the loan while you keep driving the car with timely payments.

You must be an Alabama resident with an active bank account to receive this secured loan. You cannot have filed for bankruptcy during the past seven years or currently be under any default judgment that would impact your ownership of the vehicle used for this loan.

Other requirements for a title loan include showing proof of employment and that you can repay your loan. This may include a job verification letter from an employer and proof that you make a certain amount of money each month. Typically, this will need to be at least $1,500, but this amount requirement increases as the amount you borrow with a title loan in Birmingham increases. You must also be at least 18 and have a valid state-issued ID to qualify for a title pawn or title loan in Alabama.

Getting Your Cash With An Online Title Loan In Alabama

You must complete the short online application for Premier Title Loans to receive your cash. This requires basic information about the car and additional mileage information. The time it takes to underwrite a title loan is quick, and once you have submitted this information, you will learn if the vehicle is approved for a title loan in Alabama within minutes. We’ll get you an estimate that outlines everything from your payment amount, interest rate, and how long it will take to repay the loan!

Once approved for a title loan in Alabama, your cash will be deposited into your account through direct deposit or ACH the same day you apply. Would you prefer to get your funds through a money order or check? These options are also available, and most payments can be disbursed in 24 hours. That timeframe can even be sped up if you live in Huntsville or Mobile and want to meet with a local lender to get your cash that same day. Ideally, you could go through the paperwork, complete the vehicle inspection and get your money in person within two hours or less. In addition to meeting with a local lender in person, anyone in Birmingham or Montgomery can have a state-licensed notary or registered lending agent come to their house or place of employment to sign the paperwork and get the cash instead of going to a retail lending office.

Can I Qualify For An Alabama Title Loan With Bad Credit?

Anyone with bad credit can qualify for an Alabama title loan, as having sufficient vehicle equity is a far more critical requirement than having a decent FICO score. Even with an adverse credit history or low credit score, you can still count on approval.

A lender will likely not even check your credit score while underwriting your loan. But if they do, it will primarily be to look for recent loan defaults. They will not be concerned about minor credit issues such as missed credit card payments. At Premier Title Loans, we speak with customers all the time who have poor credit, and even with a FICO score of 550, you can still get a title loan if you have a vehicle that’s paid off and in good condition. Call us at 800-250-6279 to see your approximate loan amount, and we won’t even run your credit to get you an initial estimate.

Interest Rates On A Vehicle Title Loan In Alabama

A consumer who takes out an Alabama title loan can expect a high interest rate of 50% and up. That’s because these loans are considered a last resort, and there are minimal underwriting requirements besides your vehicle equity and proof of income. These companies will charge a high APR because they take on more risk by offering a loan to someone with a questionable credit score.

You can sometimes reduce your interest rate by refinancing with another title loan company in Alabama. Refinances are an option for anyone who’s made consecutive payments on their loan, and prospective lenders are willing to lower your interest rate and get you a quicker payoff term if they see you’ve paid your loan on time.

For those with good credit, it may be better to go with an installment loan company or bank lender that offers lower rates and doesn’t rely on your vehicle as collateral. Check with the local companies in Montgomery and Mobile as many of these urban areas have lenders that offer unsecured loans over $2,000. There are dozens of title loan companies in throughout the state, and you can easily compare the APR and payoff time for each firm when you apply with Premier Title Loans. Even smaller cities like Tuscaloosa and Gulf Shores have a handful of companies that offer title loans with manageable interest rates.

Apply Today With Premier Title Loans

Are you ready to get started on your application for a title loan with no store visit? If so, fill out our online application or contact Premier Title Loans at 800-250-6279 for more information about our title lending offers. We now offer no inspection title loans and loans on commercial trucks in Alabama, and there’s a good chance we’ll be able to help you with some type of short term secured loan!