Questions Category: LEGAL

Title loans can be a great source of financial assistance for consumers to rely on in a time of need. Even though there are many benefits to a car title loan, a potential drawback in these types of loans is the actions that can be taken if a consumer defaults on the monthly payments. A … Read more

5 Star Car Title Loans puts the protection of consumer information at the top of our priorities. It is the law that private consumer information will be protected and this is governed by several agencies. We make sure to put our clients’ safety as a top priority and take all measures necessary to ensure the … Read more

Yes, it is possible to refinance your car title loan*! Refinancing can allow you to: 1. Extend loan time period 2. Lower interest rates Refinancing your car title loan can be done in two ways: • Renegotiating the current terms of your loan with your present lender • Negotiating new terms for your loan with … Read more

If there is a lien on your title that implies that you are not currently the legal owner of the vehicle but rather the lienholder is. A rule of thumb is that in order to get a title loan, your title must be free and clear of any liens. So to get a title loan … Read more

This is a very common question. Simply put, your title is free and clear if no lien holder has placed a lien against the title. When a vehicle is financed through any kind of financial institution, the lien holder will keep the title and place a lien against it. Therefore, in most cases, if you … Read more

This is a great question. Sometimes customers need large sums of cash so they ask whether they can have two title loans at once. Since your vehicle is a collateral on any loan you take, you cannot take out two car title loans on the same vehicle simultaneously. While we don’t recommend it, some lenders … Read more