How Car Title Loans Work

BHM Financial Inc. is one of the most trusted and reputable car title loan lenders in the industry. We provide loans to people with all kind of credit ratings including bad credit, no credit as well as bankruptcies. Sign up takes only a few minutes, and most applications are answered within a few hours.

What is a Car Title Loan?

Before you consider applying for a car-title loan, you should carefully consider whether this is the best solution for your financial needs.

A car-title loan is a loan on which your car title is used as collateral. Applicants who apply for car-title loans are usually those who, due to poor credit, no credit or financial instability, are not able to obtain an unsecured loan through their financial institution. Since these loans involve a greater level of risk for the lender, their interest rates are usually higher than loans offered by regular financial institutions. During the loan repayment period, the vehicle remains in the owner’s possession and in the owner’s name at all times, unless the loan cannot be repaid as agreed upon in the contract. In this case, the ownership of the car or truck would be assigned to the lender in repayment of the debt.

Car-title loans are a solution for circumstances when you are in need of money, but cannot secure it by alternate means. With car-title loans, as with any other loan agreement, you should carefully review the terms and conditions of the loan and be sure you understand them completely. If something is unclear to you, be sure to ask your loan officer, and be sure to keep your loan agreement in a safe place so that you can review the terms if ever you should need to do so.

Applying is fast and easy with our online application. You can borrow up to 50% of the wholesale value of your car! We approve an amazing 99% of qualified applicants!

To estimate the wholesale value of your vehicle, Click Here

Most Applications are Approved the Day of Submission! We well know that no one want to wait days for their approval so we'll approve most all qualified applications the day of submission.

Accept Delivery of your Cash! We offer fast direct deposit of your cash into your checking account by wire transfer. You get your cash- FAST!

You are then free to use your cash for any reason. Pay bills, take a vacation, whatever you like! Questions before you apply? Contact Us, our team of Car Title Loan Specialists is here to help!

Prefer to apply for your bad credit loan in person?