We offer car title loans for people who need quick cash in the Florence area. Just bring your vehicle in to our office, along with a clear title and photo ID, and we’ll have you back on the road (in your own car) with cash in hand in under 20 minutes!
FREQUENTLY ASKED QUESTIONS
Select Title Loans FAQ’s
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?
Everyone. Our customers use title loans for a variety of reasons. Whether you need quick cash for unexpected household repairs, meeting employees’ payroll, or even college expenses, car title loans are a quick and easy way to obtain the money you need.
What are the requirements for a title loan?
At Select Title Loans, all you need is a drivable vehicle (in your name) with a title that is free and clear of liens. You must be at least 19 years of age, and have a valid Photo ID.
How soon can I get the loan?
We do same-day approvals at Select Title Loans. Since your vehicle title is used as collateral, there are no credit checks or waiting periods. If you meet all our eligibility requirements, we will approve your loan within twenty minutes of your arrival. Don’t have twenty minutes? You can speed things up by filling out our Online Title Loan Information Sheet before coming to our office.
What is a vehicle lien?
A vehicle lien refers to a claim that another lending institution (such as a bank or another lending company) has over your vehicle. If your title is clear, or lien-free, then this means that you own the car in full and are no longer making payments on the vehicle. If you’ve financed your vehicle and are still making payments on it, then this means another financial institution has a lien on your vehicle and therefore it does not qualify for a title loan.
Is my information kept confidential?
Absolutely! We take the privacy of our customers very seriously at Select Title Loans. We will never sell your personal information, or give it out to anyone over the phone or in person.
What happens to my vehicle?
Nothing! Once your loan is approved, you get to keep your keys and continue driving your car. We hold on to the title while you repay your 30-day renewable loan. Once your loan has been repaid in full, we promptly return the title to you, along with our thanks.
Does the car title have to be in my name?
Yes. The car title must be in the name of the person getting the title loan.
Is good credit required?
Definitely not! At Select Title Loans, we do not run a credit check. This makes getting the money you need a convenient, confidential, and easy transaction.
How old do I need to be?
You must be at least 19 years of age.
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 my car tags are expired?
Yes. In fact, many people use title loans to get the money they need for their car tags.
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!
