- They are also truly nationwide. There are only a handful of states where they are forbidden to operate, and that’s because those states do not permit auto title loans at all.
Max Cash Title Loans makes it easy to apply for an auto title loan. Simply go to their website and navigate to the application page. There you’ll find a straightforward form to get the process started.
You’ll need to provide your name, address, phone number, and email, as well as pertinent information regarding your vehicle, including year, make, model, and mileage. If you have a bank account and want a direct deposit then you’ll need to provide your bank account details. Once you agree to the terms and conditions, you’ll receive an estimate regarding the size of the loan you are likely to qualify for. You’ll also have the option to continue or discontinue the process.
Eligibility and Required Information They Will Need
Keep in mind that, although not all Max Cash reviews are clear about this, the company itself does not lend money. Instead, they put you in touch with lenders who will. Because of this, they can afford to have very lax eligibility requirements for using their service. Each of the potential lending institutions, however, will likely have their own set of requirements.
- Be at least 18 years of age
- Have a valid driver’s license in your state
- Have some form of government-issued ID
- Be a citizen or permanent resident of the United States
- Can provide proof of income
- Can prove the car in question is registered in your name, and that there are no liens against the title at the time of application
Different lenders and brokers may have slightly different qualifications, but rest assured, they do not work with any that makes it prohibitively difficult to get a loan.
Fees For Using Their Service
We mentioned this earlier, but it’s worth repeating. Max Cash does not require you to pay them anything for their service. If a lender they refer you to provides you with a vehicle title loan, they will earn a referral fee from the lender. So, while it may seem a bit odd in this day and age when everyone has their hand in your pocket, working with them won’t cost you anything.
States and Locations Where They Operate
Max Cash works with lenders and maintains corporate locations in most states. Essentially, every state where title loans are allowed. As you can imagine, that adds up to a pretty significant number of lenders, which means your odds of securing the fast cash you need are pretty good.
Each state where title loans are allowed regulates the business in a slightly different way. Sometimes in a very different way to be honest. Some states take an almost entirely hands-off approach to automotive title lenders. It’s a pretty safe bet that lenders in these states will charge the highest interest rate they think the market (that would be you) can support.
Other states, however, take a more active role in oversight and limit how much interest can be charged, based on various formulas. If by chance, you happen to live in one of these states, you’re likely to enjoy a more reasonable interest rate.
Rather than list all the states where they can secure title loans, it’s faster just to list those states that do not permit this type of personal loan. Those states are:
- Hawaii
- Montana
Unfortunately, residents of the above states will not be able to secure a loan. Be aware though that a few of those states such as California, Kansas, Louisiana, New Mexico and South Carolina provide backdoor ways to get car title loans. loan payday lender Oregon Although, because this type of loan is technically illegal in those states, they are not able to arrange for money there.