TITLE LOANS IN OREGON
WITH QUICK PRE-APPROVAL

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. These loans have a clear repayment schedule, and paid-off vehicles worth $4,000 or more have the best odds of qualifying for a title loan in Oregon. Note: Under Oregon State Law, title loans can only be structured as a short term loan, and have a minimum loan term of 31 to 60 days.

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, you can sign your contract and receive your funds as soon as one business day, with 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 2015 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 other income sources that show 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 range from $2,500 to $25,000, with higher loan amounts for those with high-value cars. Loan amounts can be higher in Portland and Eugene, as more companies may be 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 pre-approval on 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 car has value, there’s a realistic chance you can use it as collateral for a title loan!

Expect interest rates lower than those for a typical cash advance but higher than those for traditional bank personal loans. Title loans in Oregon are regulated under the Consumer Finance Act, which caps interest rates at 36%. In addition to interest charges, a licensed lender may charge a one-time loan origination fee of $10 per $100 borrowed (not to exceed $30).

In accordance with ORS 725A, title loans in Oregon must be offered for at least 31 days and not more than 60 days. Any title loan exceeding 60 days must be restructured as a traditional installment loan. Oregon state law allows no more than 2 renewals. After the 2nd renewal, the loan must be paid in full.

What Else To Know Before Getting Online Title Loans In Oregon

-Shop around with companies in Salem and Bend or elsewhere in Oregon 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 can be an option after you take out a title loan. 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 for missed payments. After the repossession, you typically have a short amount of time to cure the default, “pay the amount owed,” before the vehicle is auctioned. 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 always be a problem when you apply for a title loan in Oregon! Even with a limited credit history or a FICO score under 600, there’s less concern with your credit report as long as there’s enough equity in your car or truck! Title loan lenders in Oregon will always verify your ability to repay the loan, but they may not always run a full credit check.

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 pre-approving 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 just need 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!