This is a crucial point of discussion. Unlike banks and other private agencies, auto car title loans dont depend on ones credit history. It is only possible for authorized loans. This loan gives fast approval and a bad credit history doesnt affect the company. This is because the company will use car as the collateral or security for the principal

Borrowers obtain car title loans when they give the title of their vehicle, such as their car, truck, or motorcycle, to the lender as collateral. The borrower generally agrees to pay a fee. Lenders usually give borrowers 30 days to repay the loan.

There are many legal and illegal auto title loan companies across the country. The legal ones are authorized, and you can apply offline there. If the company is illegal, it is unauthorized and customer have to apply online for a loan. Some of the best companies are TitleMax, Speedy Cash, and CashNetUSA.