TitleMax is one of the largest and most popular vehicle title loan companies. The company was created about 20 years ago in Columbus, Georgia and now operates in more than 1,100 locations in 16 states. TitleMax allows vehicle owners to take out title loans using their vehicles as collateral.

Unlike most title lending companies, TitleMax offers both pawns and loans for motorcycles and cars. People who do not own bank accounts can also take loans from the company as they work with only your title and not your credit score. The company offers up to $10,000 for your vehicle title and is considered one of the top ten title loan companies online.


The size of your title loan is determined by the amount of cash you need, your vehicle’s value and your ability to repay. The company prides itself on its ability to make loan payments manageable while letting you have as much cash as possible. TitleMax requires borrowers to be at least 18 years old (19 years in Alabama) and that you possess the following:

  • The lien-free auto title to your vehicle that lists you as the owner,
  • Government-issued identification,
  • Proof of income.

 If you already have a title loan with a different title lending company and you feel TitleMax is a better bet for you, they may refinance your title loan and get you a competitive interest rate in the process! That means in most cases they can pay off your other car title loan and save you money on your new, smarter loan!

 After repayment of loans – which can be up to 180 days depending on your repayment plan – your car title is returned to you ONLY IF you are able to repay your loan.


 TitleMax has streamlined the car loan process to make it easier and faster for customers to access loans. You can begin the loan application process online and finish it at any of their locations or you can start and finish the process at one of their stores. The entire process irrespective of the one you pick – takes about 30 minutes from start to finish!

At the store, highly qualified staff would then do a quick vehicle appraisal and before you can say TitleMax, you’re good to go with your cash at hand and your motorcycle or car. The company gives clients the chance to pick between single-instalment and multiple-instalment repayment plans.


TitleMax has no prepayment penalties and as such, you can repay your loans before the specified time. In fact, they advise you do so and if you need a few extra days, their superb customer service will assist. They accept cash, certified checks, money orders and Western Union Quick Collect depending on the state. Personal or business account checks are a big NO for this loan company.

  In conclusion,

TitleMax presents all the facts and terms of their proposition upfront and as such is a very transparent company. Keep in mind that if you do not repay your loan on time, TitleMax will repossess your vehicle.

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