Title Loans

What is a title loan and how does it work?

A title loan is a loan where a vehicle title is used as collateral in exchange for the loan amount.

Is a title loan the same as a title pawn?

Essentially, yes. The main difference between a title loan and a title pawn is terminology and location. Depending on your state, it will either be called a title loan or a title pawn; however, the term itself refers to the same process and type of loan.

Are title loans available in my state? How much can I borrow?

Title loans are available in-store in the states below. Minimum and maximum loan amounts vary by state. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.¹

Arizona: $100 - $2,500

Louisiana: $500 - $1,000

Oregon: $100 - $300

Tennessee: $100 -$2,500

Texas: $100 - $5,000 (not available in Austin, Fort Worth, or Dallas)

What do I need to apply for a title loan?

• You are required to be on the title for the vehicle you are presenting as collateral, and the vehicle must be clear of any liens.
• You do not have to be employed, but you must have a steady source of recurring income payments.
• You must reside in the state you choose for your loan application.
• You must be at least 18 years old.
• You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
• You must not be a member of the Army, Navy, Marine Corps, Air Force, or Coast Guard currently serving on active duty under a call or order that does not specify a period of 30 days or fewer, a member of the reserves (including National Guard) on active duty, or a dependent of the foregoing members.
• You must bring a valid government issued photo ID.
• Titles with two names are accepted. Both people must be present in the store to complete the process. The store associate will instruct you on how to sign the documents if you are approved.

How do I apply for a title loan?

Just use the ACE Cash Express store locator to find a store near you and apply in person. To apply, simply bring in a clear title with your name on it and government issued photo ID. We accept many types of titles, including: original titles, certified copies, salvage titles, and titles that have released liens signed off by another lender on the front.

When will I receive my funds?

If you are approved, you will immediately receive your approved loan amount in cash.¹

Do I have full use of my vehicle during the term of the loan?

Absolutely! If approved, you get the money, and you get to keep driving your vehicle.¹

When will the loan be due?

Your title loan due date(s) and term (length) of the loan will vary by state. You will be informed of the due date(s) if your loan is approved.

How and when can I pay back?

You should pay your title loan or title pawn in the store where the loan was originated with cash on or before the due date(s). You will not be penalized for making an early payment.

What if I change my mind?

Every loan comes with a 72-hour satisfaction guarantee. So if you change your mind about your loan, just return the principal within 72 hours and pay nothing more. 

In Ohio and Virginia, you have until 5:00 PM Central Time on the third business day after receiving your funds to cancel your loan. For example, if you take out a loan on Monday, you have until 5:00 PM Central Time on Thursday to cancel your loan.