FREQUENTLY ASKED QUESTIONS
Select Title Loans FAQ’s
What does Select Title Loans do?
How does a title loan work?
In order to qualify for a loan from Select Title Loans, all you have to do is:
- Bring your vehicle with your title (free and clear of liens), and your photo ID to our Florence, AL location.
- Fill out a simple application while we do a quick assessment of your vehicle.
- We will make a Title Loan based on the value of the vehicle and your ability to repay.
- The transaction is for 30 days, but you have the option of renewing your account for an additional 30 days by paying the interest due, or you can pay your account in full.
- You will receive your title back once you have paid your account in full.
Since your car title acts as collateral for the loan, there are no credit checks or waiting periods. In under 20 minutes, Select Title Loans will give you the cash you need while you get to keep driving your car. It really is as simple as that!
Who can use title loans?
What are the requirements for a title loan?
How soon can I get the loan?
What is a vehicle lien?
Is my information kept confidential?
What happens to my vehicle?
Does the car title have to be in my name?
Is good credit required?
How old do I need to be?
How much money can I borrow?
We generally loan from $150 up to $5,000 with a title loan. The evaluation of your vehicle, your cash needs, as well as your ability to repay, will be determined on an individual basis.
Can I get a loan if I don't have car insurance?
Yes. We do not require car insurance to get a title loan.
Can I get a loan if my car is wrecked?
Yes. If a car is in a working condition—meaning, if you can drive it to the Select Title Loans office—then it is eligible for a car title loan.
Can I get a loan if I have a title from another state?
Yes. If you have a car title from either Alabama or Tennessee, and live within 80 miles of our Florence office, then Select Title Loans can help you.
What happens when I pay off the title loan?
When you take out a loan with Select Title Loans, you are using your car title as collateral against your loan. Once you’ve been approved, you give us the title, we give you the money, and you continue driving your car while repaying the loan. Once the loan has been repaid in full, we promptly give you back the title along with our appreciation for your business!