What is flex financing?

Flex financing is a type of flexible borrowing solution that helps ensure that you have sufficient funds available in the event of an unexpected costly situation. Our flexible line of credit loan is an example of this type of financing.

How does a flexible line of credit work?

A flexible line of credit loan works very similarly to a credit card in that you can access and use funds when you need them. The amount that you withdraw can be as little or large as necessary, provided that it does not go over the total loan amount.

What is a line of credit used for?

A line of credit is often used for emergency situations, home repairs, and other unexpected expenses where one is unsure what the total cost will be.

What is the interest rate on a personal line of credit?

TitleMax offers competitive interest rates on these flexible financing products.

What are a title pledge and a line of credit?

A title pledge is a secured loan for a specific amount of money that the borrower receives all at once and must pay back with interest. A line of credit is a secured loan treated like credit, in that you can borrow money from it as needed.

What is the difference between a loan and a line of credit?

With a line of credit, you are approved for a certain credit amount that you can withdraw from immediately or at a later date. You can withdraw funds from a line of credit all at once, or you can take them out a bit at a time as you need them. With a loan, however, you are approved for and given a specific amount of money all at one time.

Do you need collateral for a line of credit?

Here at TitleMax, collateral in the form of a vehicle with its clear title is required to get a line of credit loan.

Are secured loans easier to get?

In most cases, a secured loan such as a TitleMax line of credit is easier to get than an unsecured loan, as it presents less risk to the lender; however, if a person does not have the appropriate collateral, this type of loan is not an option.

Is having a line of credit bad?

No: A line of credit is not bad when it is used properly to cover unexpected emergencies and payments are made on time.

How do you get a TitleMax flexible line of credit loan?

You can begin the application process online, and we can help you complete it at any of our Tennessee TitleMax stores.

  • * Maximum loan amount in Illinois is $4,000. Maximum loan amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies and accepts both the Pledge and Line of Credit. Minimum loan amount in California is $2,600.
  • ** Car title loans may require a credit check in California. Motorcycle title loan and pawn approval requires satisfaction of all loan eligibility requirements including a vehicle evaluation and a credit check.
  • *** To be approved for a title loan or pawn, you must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a possible credit inquiry, and a motor vehicle appraisal. Certain other terms and conditions apply.
  • † Proof of income is required in Illinois, Nevada, some Texas locations, and California. In California you are also required to provide proof of residency, and a valid vehicle registration to obtain a loan.
  • ‡ Signature and personal loans are offered by an affiliate of TitleMax® and are currently only available in Florida. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.
  • § Refinancing of a competitor’s title loan is not available in Mississippi or Virginia. In Illinois, you are required to have reduced your original principal balance by 20% before refinancing. TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.
  • - TitleMax of Virginia, Inc. d/b/a TitleMax® is licensed by the Virginia State Corporation Commission, license number VTL-11.
  • - In Texas, TitleMax® acts as a Credit Services Organization to assist customers in obtaining a loan through an unaffiliated third party lender. Please see store associate for details. Please see Texas Schedule of All Fees.
  • - In GA, TitleMax® offers Title Pawns.
  • - In CA, Loans are made by TitleMax of California, Inc., California Finance Lenders Law License No. 603K014.
  • - New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.