Premier Title Loans Review 2024 [Online Title Loans]

Premier Title Loans Review 2024 [Online Title Loans]

Premier Title Loans Review 2024 [Online Title Loans]

Premier Title Loans offers same-day car title loans using your vehicle's equity. Established in 2016, they focus on your vehicle's value, not your credit. They operate in over 30 states with positive reviews on Trustpilot and Sitejabber.

Premier Title Loans Review 2024 [Online Title Loans]

    Premier Title Loans offers the opportunity to use the equity in your vehicle to get a loan, even if you have poor credit. But is this actually a smart option for quick cash? In our full review of this loan option, we鈥檒l cover everything you need to know about Premier Title Loans.


    What is Premier Title Loans?

    Premier Title Loans has been in business since 2016, and offers car title loans based on the equity of your vehicle. This way, you can borrow money with your car as the collateral and access funds quickly, often within the same day.

    Premier Title Loans has received positive reviews from borrowers, with a 4.0 star review on Trustpilot, and a 5-star rating on Sitejabber.


    How Premier Title Loans Works

    Premier Title Loans offers secured loans using your vehicle鈥檚 equity. Rather than looking at your credit history, they look at the current resale value of your car and your ability to make future payments. Getting a loan is quick and can be completed online, with approval and cash in your pocket possibly on the same day you submit an application. Premier Title Loans aims to provide transparent lending options in California and surrounding states, and works with multiple lenders to offer competitive rates and terms.

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    How to Apply For a Loan Through Premier Title Loans

    If you鈥檙e interested in applying for a loan with Premier Title Loans,

    1. Fill Out an Application: Fill out their online application and provide your vehicle and personal information.
    2. Wait for Approval: After you have submitted your application, wait to hear back from them. According to their website, you should hear back on your approval status within 30-minutes. If you want quick approval, call them at 1-800-250-6279.
    3. Receive Your Cash: After approval, your cash should be available within one business day. Sometimes, you can receive cash within the hour if you鈥檙e located by one of their lending locations.

    Things to Consider Before Applying for an Online Title Loan

    Title Loan Requirements

    1. Clear Vehicle Title: Your vehicle must have a clean title in order to qualify for a loan. This means there can鈥檛 be any liens or other loans against your vehicle.
    2. Proof of Ownership: You will need to provide proof that you鈥檙e in fact the owner of your vehicle. This can be a car title that shows ownership.
    3. Source of Income: Most loan providers will require you to prove that you have a consistent income and can make payments.
    4. Proof of Identity: Similar to other short term loans, proof of your identity and personal information are required.
    5. Residency Verification: Title loans are not offered in all states and you must verify your residency to get approved.
    6. Insurance Information: Some lenders will ask to confirm the insurance on your vehicle, and require payment to them if your car is damaged or wrecked.

    High Interest Rates

    We want to note that car title loans are not the best option for everyone. With high interest rates and the risk of losing your vehicle if you fall behind on payments, you should consider whether this is the loan option for you. The APR with a title loan is often lower than those for payday loans, but the interest rates can still be in excess of 50% in some states. Consider all other loan options, your budget, and your current finances before moving forward with a secured loan. If you can find a lending option where you don鈥檛 have to use your vehicle as collateral for the loan, consider that type of unsecured loan instead.


    Frequently Asked Questions (FAQs)

    Is Premier Title Loans Legit?

    Yes, Premier Title Loans is a legitimate business. The company has a 4.8-star rating based on 18 reviews and an A+ rating with the Better Business Bureau (BBB), with no recorded customer complaints.

    How Much Money Can I Get?

    You can typically get between $1,000 and $15,000, depending on your vehicle鈥檚 value, your state, and your ability to repay the loan. The average funding amount is around $2,500.

    Does Premier Title Loans Work In All States?

    While there are different lending regulations in each state, it seems that as of 2024, Premier Title Loans can offer title loans in over 30 states. There are few states such as New York, Pennsylvania, and West Virginia where all short term loans are outlawed.

    What Types Of Vehicles Qualify With Premier Title Loans?

    Premier Title Loans offers secured loans on any vehicle that can be registered with your local DMV. That includes cars, trucks, and SUV鈥檚 and as of 2024 they can title loans on motorcycles and semi trucks.