CAR TITLE LOANS IN
OREGON WITH NO STORE VISIT

Oregon Car Title Loans – How They Work

Car title loans are an option for anyone in Oregon who needs emergency funding but can’t turn to a personal loan because of poor credit. Title loans use your car’s equity as security for the loan, and you can qualify with no significant credit requirements. You’ll make monthly payments over a period of 12 to 48 months, and your lender will keep the vehicle’s title as collateral. Keep driving your car or truck, and most paid off vehicles worth $4,000 or more can qualify in Oregon.

Premier Title Loans offers a fast and hassle free online application in Oregon, and you can expect an underwriting decision in less than one hour after applying. You can also apply with us by calling 800-250-6279. If you have the required documents ready to go, you can sign your contract and receive your funds the same day from a local company in Portland, Eugene, or Salem.

Requirements For An Oregon Title Loan

To get a title loan in Oregon, you must be at least 18 years old and have a clear and paid-off title to your vehicle. The car’s title must be in your name and must be fully paid off, and you stand the best chance of qualifying if the vehicle is a 2014 model year or newer with fewer than 150,000 miles. You will also need proof of insurance, registration, and income of at least $2,000 a month. Verify income with bank records, employment documents, or proof of a side job or any other income source showing you can afford the monthly payments. Most companies require an in-person vehicle inspection, and at that same time, they’ll have you sign the loan documents and record your VIN. A vehicle inspection shouldn’t take more than 30 minutes, and most direct lenders can do it at their office or send someone to meet with you at your home.

One requirement you’re not seeing here is that you need good credit, and that’s because a title loan relies on your car’s equity to secure the loan. There’s a reasonable chance your lender won’t ask for a credit check, and you can complete the entire underwriting process in just a few hours. Call Premier Title Loans at 800-250-6279 to see how much money you can borrow in Oregon!

Loan Amounts And Terms With Auto Title Loans in Oregon

Funding amounts in Oregon can range between $2,500 and $25,000, with much higher loan offers for those with high-value cars. Loan amounts are often higher in Portland and Eugene as more companies are competing for your business. Still, if you apply online with Premier Title Loans, we’ll work to get you the most cash for your vehicle’s equity.

We also offer title loans for semi trucks, classic vehicles, and anything else that can be titled and registered with the Oregon DMV. The bottom line is that if your vehicle has value, there’s a realistic chance you can use it as collateral for a title loan!

Expect interest rates that are lower than a typical cash advance but higher than traditional personal loans. The APR for a title loan in Oregon ranges from 30% to 100% mostly based on your borrower profile, and because of those high rates, you want to negotiate the best terms and monthly payment.

The repayment term varies based on your car’s resale value and the amount you wish to borrow. Most customers will try to repay their loan in 3 years or less, and you should be able to repay your loan at any time without a pre-payment fee.

What Else To Know Before Getting Online Title Loans In Oregon

-Shop around with companies in Salem and Bend to ensure you get the best terms for your vehicle equity. Finding a lender offering an interest rate that’s even 5% less can save you a substantial amount over the life of the loan. Pay off your loan as quickly as possible to avoid extra interest charges.

-Compare the top title pawn companies in Portland, OR, before settling on payment terms and a monthly payment. It’s even worth getting a few different quotes in cities like Eugene and Beaverton, as there should be more options to lower your interest rate!

-Refinancing is always an option after you take out a title loan. Even with an interest rate of 40% or lower, there’s no risk in asking your lender if they’ll reduce your APR or lower the amount owed with a new payoff term.

-One thing to understand before taking out a title loan is that your vehicle can be repossessed at any time if you default on the loan. Repossession isn’t as common as it used to be with auto loans and title loans in Oregon, as most lenders now will work with you to get back on track with payments. However, it’s always best to answer their calls if you fall behind on payments, and work with them to develop a new repayment plan.  Repossession is a last resort for title loan companies, but they’ll likely take your car if you have a substantial balance and don’t get in contact with them.

Car Title Loans With Bad Credit Or No Credit History In Oregon

Bad credit won’t be a problem when you apply for a title loan in Oregon! Even with no credit history or a FICO score under 600, there’s little concern with your credit report as long as there’s enough equity in your car or truck! Title loan lenders won’t always run a full credit check. Still, they may want to verify your personal information and look for serious credit delinquencies such as a recent bankruptcy.

Lenders want to know that you can repay the loan and that there’s equity in your vehicle if you default. Most customers who apply for a title loan have poor credit, and that’s why they’re willing to put up a paid off car as security. When applying with Premier Title Loans, we’ll focus on your car’s resale value when underwriting a loan, not your credit score!

Hassle Free Car Title Loans In Oregon With Premier Title Loans

Whether you want to get started on an application or are just looking for more info, we’re here to help. The experts at Premier Title Loans will be happy to review your vehicle’s value and let you know how much you can borrow with a title loan in Oregon. Apply online using the form on this page or call 800-250-6279 today!