FAQ

FAQ-01

What is a title loan?
A title loan  is a loan that you get that is not based on your credit but the value of your vehicle, with no lien on it. Its quick, easy and very convenient.
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How does Title Loan work?
Its as simple as 1,2,3. Simply do the following to get your cash.

  1. Bring your ID; Proof of Income; Vehicle Title and the Vehicle for appraisal
  2. Fill out a short application
  3. Our friendly staff will review the loan terms and condition with you for signing.
  4. Get your check and leave our office with your vehicle smiling. That’s it!!!

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How do I apply now?
Simply call us at 614-866-0060 to start the application process or Click here to begin

How much cash can I get with My-Title Loans?
You can get up to $5,000.00. The loan amount is based upon your need and the value of your vehicle appraisal. Besides its easy to apply

How long does it take to get approved for a title loan?
20 to 30 minutes is the average time it takes. That’s it. Come experience the speed of  My-Title Loans.
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Is there a pre-payment penalty?
The is no pre-payment penalty. The sweetness of the pudding is in the eating. Apply today and see what we can do for you.

How can I qualify with bad credit?
Bad credit is not a problem. With My-Title Loans, having an income , ID and a free and clear vehicle title along with the vehicle is all that you need to apply.

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Can self-employed people get title loans?
Yes! as long as you can provide some credible documentation for the source of your self-employment income.

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Is My Title Loans Company licensed?
My Title Loans is licensed through the Ohio Division of Financial Institutions. We are only able to help customers who live in the state of Ohio. Our license number is CS.900229.000.

What interest and A.P.R. can I expect to get?
The maximum interest rate to expect is 24.99%. However, do keep in mind that the A.P.R. will be higher than the interest since it will include other loans fees, such as origination fees.

How long can I have to pay a loan?
You can borrow for either 30 days or 90 days. If you borrow for 90 days, your payment will be broken into three monthly installments whereas if you borrow for 30 days, you will have one payment at the end of 30 days. Both 30 days and 90 days loans can be refinanced at the end of the term if needed by the consumer.

What origination fees do you charge?
We are allowed to charge a $15.00 origination fee for loan principal amounts up-to $500.00 and $30 or 1% for loan principal amount exceeding $500.

Example Loan Figures (90 Days Loan)

If you borrowed $400.00 for 90 days.

Your interest rate will be 24.99%.
Your first two installments will be $211.86 and your last installment will be $211.65.
Your origination fee will be $15.00 (This amount is already included in your payment above)
Your Lien fee (paid to BMV) will be $15 (This amount is already included in your payment above)
Your Annual Percentage rate will be 296.96%
Your CSO fee will be $366.75 (This amount is already included in your payment above)

Example Loan Figures (30 Days Loan)

If you borrowed $400.00 for 30 days.

Your interest rate will be 24.99%.
Your one-time payment in 30 days will be $523.54
Your origination fee will be $15.00 (This amount is already included in your payment above)
Your Lien fee (paid to BMV) will be $15 (This amount is already included in your payment above)
Your Annual Percentage rate will be 318.21%
Your CSO fee will be $83.00 (This amount is already included in your payment above)

My Title Loan

My Title Loans is a Credit Services Organization (CSO) with Certificate number CS.900229.000. CSO is not a lender. All loans will be made by a third party lender