TMG Auto Title Loans

The Good

• Funding in as little as 1-2 days
• Easy online application, 7 days a week
• Free quote with no obligation
• No prepayment fees

Apart from your car you can use any type of vehicle such as motorcycle to get the loan. The only condition is that you need to have the title of the vehicle in your name.   One of the important considerations in working with TMG Loan Processing is the the company is not a direct lender. They provide a service that puts you in touch with lenders within their partner network (i.e. LoanMart). The company uses your loan application to match with the lenders providing the auto title loan. Typically, this would mean that it could take longer to receive your funds than going directly to a lender, but that does not seem to be the case.  TMG operates a tight ship, and consumers have praised them for the speed in which they received their funds as well as the overall customer service levels.

Also, it’s worth noting that you do not need to have your car completely paid off.  If you are making payments on a vehicle but have some significant ownership, you may still qualify.

TMG Loan Processing is licensed in 38 states.  It is NOT licensed in the following states:

• CONNECTICUT
• HAWAII
• KANSAS
• MONTANA
• NEBRASKA
• NEW JERSEY
• NEW YORK
• OREGON
• RHODE ISLAND
• SOUTH DAKOTA
• WASHINGTON
• WYOMING

The Bad

• High APR rates
• Not the direct lender

There’s no getting around it – car title loans are expensive.  While TMG Loan Processing will lend to any person who owns a vehicle, if you have a FICO score above 640, there are probably cheaper alternatives (if you have good credit, this is true even if you do NOT own a vehicle).

Also, TMG Loan Processing is not the direct lender.  This means that they are not the one actually giving you the money, and no matter how well they do their job, it’s important for borrowers to remember that if there is ever a problem, TMG will not be the one who can help. You will need to work with the direct lender who actually funds your loan.

The Summary

If your personal situation makes a car title loan a good fit, TMG Loan Processing is one of the best in the space.

Here’s the Process:  The different types of loans that are provided by the company includes car title loans, car title loan refinancing, small business loans, registration loan and small business lines of credit. When you apply online you will need to provide your personal, income and vehicle details. Full name, address, zip code, monthly income, car model name and make, year and even mileage in some cases. When you provide all information as required in the application form, it is verified by agents processing the loan. If you qualify for the loan, the money is transferred to your checking account the following day. Same day funding may also be provided by some lenders.

Just remember that this is a loan that is a cheaper alternative to payday and installment loans. If your credit score demands that you look at these products with APR rates above 100%,