FAQ’s Frequently Asked Questions
HOW FAST CANT I GET A LOAN FOR MY VEHICLE?
We can issue your loan in one hour or less! This depends on the time of day you start the process and the completeness of your application and additional documentation.
DO I GET TO DRIVE MY CAR WITH AN AUTO TITLE LOAN?
With and Auto Title Loan, customers drive their vehicles while making payments to CLC during the term of the loan. Auto Pawn Loan customers have their vehicle stored in our secure facility during the term of the loan.
HOW MUCH CAN I BORROW?
With an Auto Title Loan, your can borrow from $2,500 up to $100,000 depending on your vehicles value. The minimum loan is $2,500. Some additional factors that we consider are; Year, Make, Model, Mileage and Mechanical history of your vehicle.
DO I NEED TO BE EMPLOYED?
We look at every situation as unique. If you are self employed, receive social security, disability income, unemployment benefits or have a past bankruptcy, you may still qualify for a loan. Speak with your loan agent about your unique situation.
DO I NEED GOOD CREDIT FOR A LOAN FROM COLLATERAL LOAN CENTERS?
With an Auto Title Loan, your past & present credit is not important.
Your loan is based solely on the value of your vehicle. We consider your ability to re-pay the loan and the value of your vehicle among other things.
IS THERE A PRE-PAYMENT PENALTY?
No, not at all! You can pay off your auto pawn loan or your auto title loan at anytime with no pre-payment penalties.
DOES MY CAR NEED TO BE PAID OFF?
That depends. Ask CLC about your specific situation.
HOW LONG DOES IT TAKE TO PROCESS THE LOAN?
It will depend on how quickly you submit the application and supporting
information; Plan on about 1 hour.
WHAT IF MY TITLE IS IN MY NAME AND ANOTHER PERSONS NAME?
In most cases, this is not a problem.
WHAT DO I NEED FOR AN AUTO TITLE LOAN?
See the Loan Application page for requirements!
WHAT IS THE BEST WAY TO APPLY FOR A LOAN?
We encourage your to apply online, or call CLC directly at 877.406.2646 with any of your questions regarding a Vehicle Title Loan or Auto Pawn.
DOES COLLATERAL LOAN CENTERS OFFER OTHER TYPES OF COLLATERAL LOANS?
Yes, ask your loan agent!