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Is it Hard to get a Title Loan?

Is it hard to get a title loan?

If you are considering a way to borrow money using your vehicle a title loan is one way to do so. Title loans are comparatively easy to get, assuming you meet certain requirements.

In fact, they are one of the easiest loans to both qualify for and get funded. This, however, does not mean they are a good idea for everyone, despite what some lenders may want you to believe.

If you are considering a title loan we highly recommend looking into at least two items before moving forward:

  1. Making sure you are a good candidate – this includes ensuring the loan will solve a short term financial problem.
  2. Preparing for the loan – this includes ensuring the loan is affordable.

Many lenders overlook these two highly important (in our opinion) items. Those of you who have read some of our posts know we emphasize both preparation and making sure a title loan is the right choice for your specific situation.

Are title loans hard to get
Is it Hard to get a Car Title Loan?

Easy Loans don’t Always mean Good Choices

Just because a car title loan may be easy to get does not mean it will make a good choice for a specific financial situation. Unfortunately many lenders will not take the time and effort to communicate what situations may not be best served by a title loan.

For example, title loans are meant to be short term loans and to serve as solutions to short term financial problems. However, many lenders are now making longer term title loans with repayment terms in years instead of months. This can make the total cost very high.

Additionally, just because you are approved for a certain amount doesn’t mean you should borrow that amount. While it may be tempting, make sure to plan out the repayment schedule.

Avoid ‘Borrowing the Max’

When you apply for a title loan, or even look to apply for a title loan, you will likely find sites with forms on every single page trying to get you to apply. This will include terms like ‘we will get you the max’.

Do your research and find a lender that focuses on more than convincing as many people as possible to borrow the max. A commitment to customer service, even when that means advising against a title loan, should be the goal.

Financial Solutions, not Problems

A title loan should be a solution to a short term financial need (see the FTC’s take on this). Too often they become longer term financial problems in themselves. This usually happens when borrowers rush into the loan without preparation.

Financial solutions, not problems

Don’t be one of those borrowers. Prepare for your loan, find the best lender, and borrow only what you need to solve your short term problem.

General Title Loan Requirements

All loans have requirements, title loans are no different. Assuming you can meet the requirements your likelihood of being able to get a title loan is very high.

General Title Loan Requirements are not difficult
General requirements for title loans are not difficult to meet.

These requirements include:

  1. Vehicle with equity
  2. Lien free title
  3. Drivers License
  4. Ability to repay the loan

While some lenders do have other requirements, these are the main ones. The real question you should be asking instead of “Is a title loan hard to get?” is “Will a title loan improve my situation?”. Title loans are not hard to get, however this does not mean they are the right choice for everyone that qualifies.

Credit Scores

What type of credit score is required for a title loan? The reality is the credit score is not important since the loan is secured by the vehicle. Lenders that check credit primarily do so to verify personal information and assess outstanding debt. This is to help ensure the loan is affordable.

This is another reason why title loans are not difficult to get. Again, this does not make them the right choice. Remember, as a secured loan, a default can result in vehicle repossession.


Is it difficult to get a title loan? No, it is fairly easy assuming you can met the title loan requirements. Just because a loan is easy to get does not mean it is the right choice for your situation. Perform the necessary preparation steps and make sure you are a good candidate for a title loan before moving forward with one.