Title Loans Loves Park
Frequently Asked Questions

What actually is an auto title loan?

Title loans are a secure loan that uses your car’s value as collateral. What separates Title Loans Loves Park from the other title loans companies is that we let you keep your vehicle while you have the loan. We just hold the car title, so it is quite similar to a home equity loan, just on your car.

Do you only accept cars?

We will accept all cars, SUVs, vans, and pickup trucks from as recently as 1999, and we do not allow motorcycles or commercial vehicles.

What will my title loan be worth?

Depending on what your vehicle is worth, you will be given a loan worth anywhere from $4,000 to $1,500. You do not have to take out the full loan amount if you choose not to, but you must borrow at least $1,500, no less.

I have to give up my car to get approved, right?

Definitely not! We realize how important your car is to you, and we do not want to burden our customers by having them give up their car just to sit in a parking garage. We will become the lien holder on your car and keep your car title while you have the loan out, but you absolutely get to use your car the whole time.

Will Title Loans Loves Park report my payments to a credit bureau?

Because making the payments helps your credit score, we definitely report payments to a credit bureau. We want to help our customers even after their title loans are paid for, so by reporting the payments we’ll help you in the future.

When do I have to repay the loan?

This depends on the loan amount, but our more costly loans will have 3 years to repay while the less costly ones have 2 years to repay. You will find out how long you have to repay the loan when you get a call from one of our loan agents. And as always, there is no extra fee if you choose to pay the loan earlier than the 2 to 3 years that we give you.

Will my private information be safe with Title Loans Loves Park?

First of all, our application process on our website is 100% secure, and secondly, since we are the direct lender, your information stays with us. We do not exchange or sell your information with any other third party, so you can be assured that your information will be safe.

In case you still have questions that are not answered in this section, feel free to use our free online chat or call 888-700-7505 and our loan agents will be able to answer all questions you may have about title loans.