do title loans affect your credit

You may be wondering if a title loan will affect your credit rating if you’re considering applying for one.

This question may concern you because you’ve decided to obtain a pink slip loan.

What effect does a title loan have on my credit?

Yes, title loans can impact your credit score. Your credit score will improve if you pay your monthly installments on time.

If you don’t make your monthly payments on the due date, a title loan can have a negative impact on your credit score.

How can title loans affect your credit?

Your credit score will be affected if you default. You have poor credit and cannot afford to make it worse.

It’s okay, we know exactly what you are going through. For almost 10 years, thousands of customers have faced a similar problem.

If you’re wondering if title loans affect your credit, then the answer is yes. However, it can have a positive or negative effect.

Title Loan and My Credit

No Credit Title loans are the only personal loan that those with less than perfect credit can still get. You can use credit cards to pay bills.

Close-title loan lenders are able to do this because their loan approval and amount are based entirely on your current street equity value as well as your ability to repay the loan each month.

Many people attempt to improve their credit scores, but all creditors reject them.

We want to help those individuals improve their credit scores so that they can provide a bright future for their families and themselves.

Did the title loan affect my credit score? It does. A title loan can help you improve your credit score.

How title loans can affect your credit?

This resource article will explain how auto title loans can impact your credit score, for the better and the worse. Loan progress.

We believe in transparency and customer support for lenders.

It is important to not take finances lightly, as even small decisions can have a huge impact on your financial future.

Are Title Loans Available for Credit?

Continue reading to find out how an auto title loan can affect your credit score.

If you are interested in applying for a car title loan, please fill out our online application. After submitting your application, you will receive a response from one of our customer representatives.

Are Title Loans Good for Your Credit Score?

Title loans do not always check your credit. It all depends on where you live and what state you are in. Some partners will approve a loan with no credit check. However, most partners will verify your credit.

How Title Loans Can Help Your Credit Score

Your payment history makes up 35% of your credit score.

Your credit utilization is thirty percent. 15% refers to the length of credit history, while credit mix and new credit accounts make up 10%.

The greatest impact on your credit score would be if you get a title loan and student loans.

Credit scores can be affected more by unsecured loans than those with secured loans. But, secured loans, which are based upon collateral like Car Title Loans, still have the potential of having a significant impact on your credit score.

Title loans can affect your credit

Title loans can improve your credit score, but they also have the potential to damage it. Your credit score will improve if you pay all your monthly bills on time.

Your credit score will be affected if you default on your payments or are late. Your credit score will be improved if you pay your monthly title loan payments on time.

Title loans can improve your score

Your payment history will improve if you refinance or pay off your title loan each month on the terms agreed to by the lender at the loan’s beginning.

Your credit score will improve automatically as you pay off the loan.

A collateral loan can help you build a better credit score if you manage your budget and payments well.

Title loans can damage your credit score

Like any loan or credit line you take out if you fail to make your payments on time or default on the loan, your credit score will drop, and your credit report will be less favorable to other lenders.

You don’t need to worry if you keep up with your payments and don’t default on your title loans.

Apply Now for Your Title Loan

You can call us at any time if you have any questions. Our customer service representatives are available to answer any questions or assist you with any problems.

To improve your credit, fill out the online application. We would love to work with your company.

You now know how title loans can affect your credit and how you can improve it with a title loan. Contact information is necessary for the approval of your loan.

We will lend you a title loan when other banks won’t. Also, avail of our credit card loan. Our title loans will improve your credit score if you pay your monthly repayments on time.

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Author D Laidler

I am David, economist, originally from Britain, and studied in Germany and Canada. I am now living in the United States. I have a house in Ontario, but I actually never go.  I wrote some books about sovereign debt, and mortgage loans. I am currently retired and dedicate most of my time to fishing. There were many topics in personal finances that have currently changed and other that I have never published before. So now in Business Finance, I found the opportunity to do so. Please let me know in the comments section which are your thoughts. Thank you and have a happy reading.

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A personal loan is a medium term loan with a fixed interest rate that is repaid in equal monthly payments and it's usually limited to 24 months. Loan offers and eligibility depend on your individual credit profile. Our lenders can help you obtain as much as $3,000 depending on the lender, your state and your financial situation.

The owner and operator of is not a lender and is not involved into making credit decisions associated with lending or making loan offers. Instead, the website is designed only for a matching service, which enables the users contact with the lenders and third parties. The website does not charge any fees for its service, nor does it oblige any user to initiate contact with any of the lenders or third parties or accept any loan product or service offered by the lenders. All the data concerning personal loan products and the industry is presented on the website for information purposes only. does not endorse any particular lender, nor does it represent or is responsible for the actions or inactions of the lenders. does not collect, store or has access to the information regarding the fees and charges associated with the contacting lenders and/or any loan products. Online personal loans are not available in all the states. Not all the lenders in the network can provide the loans up to $3,000. cannot guarantee that the user of the website will be approved by any lender or for any loan product, will be matched with a lender, or if matched, will receive a personal loan offer on the terms requested in the online form. The lenders may need to perform credit check via one or more credit bureaus, including but not limited to major credit bureaus in order to determine credit reliability and the scopes of credit products to offer. The lenders in the network may need to perform additional verifications, including but not limited to social security number, driver license number, national ID or other identification documents. The terms and scopes of loan products vary from lender to lender and can depend on numerous factors, including but not limited to the state of residence and credit standing of the applicant, as well as the terms determined by each lender individually. 


APR (Annual Percentage Rate) is the loan rate calculated for the annual term. Since is not a lender and has no information regarding the terms and other details of personal loan products offered by lenders individually, cannot provide the exact APR charged for any loan product offered by the lenders. The APRs greatly vary from lender to lender, state to state and depend on numerous factors, including but not limited to the credit standing of an applicant. Additional charges associated with the loan offer, including but not limited to origination fees, late payment, non-payment charges and penalties, as well as non-financial actions, such as late payment reporting and debt collection actions, may be applied by the lenders. These financial and non-financial actions have nothing to do with, and has no information regaining whatsoever actions may be taken by the lenders. All the financial and non-financial charges and actions are to be disclosed in any particular loan agreement in a clear and transparent manner. The APR is calculated as the annual charge and is not a financial charge for a personal loan product. 

Late Payment Implications

It is highly recommended to contact the lender if late payment is expected or considered possible. In this case, late payment fees and charges may be implied. Federal and state regulations are determined for the cases of late payment and may vary from case to case. All the details concerning the procedures and costs associated with late payment are disclosed in loan agreement and should be reviewed prior to signing any related document. 

Non-payment Implications

Financial and non-financial penalties may be implied in cases of non-payment or missed payment. Fees and other financial charges for late payment are to be disclosed in loan agreement. Additional actions related to non-payment, such as renewals, may be implied upon given consent. The terms of renewal are to be disclosed in each loan agreement individually. Additional charges and fees associated with renewal may be applied. 

Debt collection practices and other related procedures may be performed. All the actions related to these practices are adjusted to Fair Debt Collection Practices Act regulations and other applicable federal and state laws in order to protect consumers from unfair lending and negative borrowing experience. The majority of lenders do not refer to outside collection agencies and attempt to collect the debt via in-house means. 

Non-payment and late payment may have negative impact on the borrowers’ credit standing and downgrade their credit scores, as the lenders may report delinquency to credit bureaus, including but not limited to Equifax, Transunion, and Experian. In this case the results of non-payment and late payment may be recorded and remain in credit reports for the determined amount of time.