The quick answer is no. You cannot have two title loans, on the same car, at the same time.
You can, however, have two title loans out on two different cars.
If you own two vehicles and they have clear titles, it’s possible that you could take out title loans on each vehicle.
In a Nutshell: Title Loans
Loans for people with so-called bad credit may carry unfavorable terms, including high fees and interest rates. Before you borrow money, takea hard look at your loan terms and options, which could include payday loans, car title loans, peer-to-peer lending and personal loans. And keep this in mind: Just because these options are out there doesn’t mean they’re the right choice for you.
Examples of 36 Month Loans*
When you choose to apply online with 5 Star Car Title Loans, you are taking a big step toward getting the title loan you need without any hassles. You avoid the need to drive to the loan store and finish the entire process from the comfort of your home on your own schedule.
When you choose to apply online with 5 Star Car Title Loans, you are taking a big step toward getting the title loan you need without any hassles. You avoid the need to drive to the loan store and finish the entire process from the comfort of your home on your own schedule.
When you choose to apply online with 5 Star Car Title Loans, you are taking a big step toward getting the title loan you need without any hassles. You avoid the need to drive to the loan store and finish the entire process from the comfort of your home on your own schedule.
When you choose to apply online with 5 Star Car Title Loans, you are taking a big step toward getting the title loan you need without any hassles. You avoid the need to drive to the loan store and finish the entire process from the comfort of your home on your own schedule.
The Advantages of an Online Car Title Loan
Here’s an example of how a car title loan works: Let’s say you need to borrow $2,000 for a short-term expense. If you take out a car title loan, you may have 30 days to repay.
The finance fee is 25%. This means that you have to pay an additional $500 to borrow $2,000. You give your car title to the lender, and the lender gives you $2,000 as a cash loan. At the end of the 30 days, you have to pay $2,500 plus any additional fees.