Benefits to a Car Title Loan American Title Loans provides short-term loans based on the value of your vehicle and your ability to repay the loan. The amount you are offered will depend on your application information, your income, and your payment history with us. To qualify for a loan you must have a regular source of income. At American Title Loans, our easy online application process helps you get the fast cash you need to cover life's unexpected events. This is a new option for people who want a short term loan without the hassle of going to a bank or the costs of a payday loan. Over a Traditional Bank Loan American title Loans does not do credit checks or report to a credit agency. Bad credit, no credit, bankruptcy you can get approved. At American Title Loans your loan is based solely on the value of your car and your ability to repay the loan. Over a Payday Loan American Title Loan's rates are typically 200%, 500% lower APR than payday loans. Many payday lenders charge $20 to $30 per hundred dollars borrowed for every 2 weeks you keep the loan. That's a 521% to 782% APR! And even if you pay off the loan early, you may still owe the entire loan fee, with our No Hidden Fee payment options. At American Title Loans, you can pay off your loan in part or completely at any time - with no penalties. It's your choice.