TFC Title Loans is an auto title loan lender with headquarters in Los Angeles, California. The company was founded in 1994 and specializes in providing secured personal loans that use the value of a car as collateral for the loan. Trading Financial Credit, as it is also known, has an A+ rating with the BBB and is licensed to operate in California, New Mexico, Arizona, and Missouri.
How Do TFC Title Loans Work?
TFC Title Loans requires borrowers to hand over the title of a vehicle as security. If the loan is paid in full, the title is returned to the borrower. If the loan is not paid, the vehicle may be sold to cover the balance of the loan. Borrowers can apply for TFC Title Loans online, over the phone, or at one of their branches. However, borrowers must pick up their cash from one of TFC Title Loans’ locations.
What States does TFC Title Loans Operate in?
TFC Title Loans operates in California, New Mexico, Arizona, and Missouri.
What Are TFC Title Loans' Rates and Fees?
TFC Title Loans range from 20% to 90% APR. Interest is only charged for the time you have the loan, and there are no prepayment penalties. TFC does pull your credit and consider your history when assessing your application, but, once approved, your credit score will not affect your rates.
Loans terms range from 12 to 44 months. There is no prepayment penalty, so borrowers can save money by paying the loan sooner.
TFC Title Loans charges a $15 fee to cover DMV fees and a $75 application processing fee.
How Much Can You Borrow From TFC Title Loans?
TFC Title Loans offers loans ranging from $2,510 to $50,000. The size of the loan will depend on the value of the vehicle used as collateral.
What is TFC Title Loans' Application Process Like?
Borrowers can initiate an application online, over the phone, and by chat. Filling the form only takes a few minutes. TFC Title Loans requires the vehicle’s title (pink slip), proof of car insurance, driver’s license, proof of monthly income, evidence of residency (such as a utility bill), and a list of six references. Only one of the references can be a family member. Borrowers must have a monthly income of at least $1,200 to qualify for a loan.
How is TFC Title Loans' Better Than Other Lenders?
TFC Title Loans is one of the oldest auto title loans lender in California.
It has an extensive network of branches in California, New Mexico and Arizona and
Competitive rates. TFC Title Loans have up to 90% APR.
Fast loans. Once your application is processed and accepted, you can pick up your cash from your nearest TFC Title Loans location. The whole process can be completed within 1 hour.
Loan Amount
$2500 - $50000
Payment Options
Automatic Payments
Check by mail
APR
20% - 90%
Max Loan Term (Months)
44
Checking Account Required?
Clean Title Required
Credit Score Range
300 - 700
Immigration Status Considered
U.S. Citizen
U.S. Permanent Resident
Military Status
Non-Military
Minimum Age
18
Minimum Income
$14400
Supported Income Types
1099 Misc. Income
Cash / Other
Direct Deposit (W2, SSA, SSDI)
Payroll Check or Prepaid Card
Vehicle Requirements
Clear title
Vehicle paid off
Verification Documents Required?
Recent pay stubs
Driver license (or other photo ID)
Proof of citizenship/residence
Late Fee Amount
$15
No Prepayment Fee
Origination Fee
Starting at 1.5%
Institution Type
Direct Lender
Funding Time
Same day
Credit Bureau Reporting
Trading Financial Credit, LLC dba TFC Title Loans, DineroMax, A Car Title Loan Company, AAA Car Title Loan Company, Car Title Loan USA, Car Title Loans California, TFCI Loan, and GetILoan. Trading Financial Credit, LLC may act as the broker for the loan, and may not be the direct lender. Trading Financial Credit, LLC is licensed or registered as a finance lender as required by applicable state law and does not offer or service student loans. Loan proceeds are intended primarily for personal, family and household purposes. *Subject to minimum loan amount and meeting our credit criteria, which includes providing acceptable property as collateral. Customers need to demonstrate ability to repay the loan. Minimum loan amount in CA is $2,510.00.
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TFC Loans are incredible, never seen a title loan company more dedicated to helping you. Needed some cash before I got paid to help my dad with his house payment and it was incredible how fast they were. I was approved the same day in the morning and walked out that afternoon with my cash. Everything was spelled out, these guys did not hide a thing from me. In addition, the rates were very fair as well. I've heard a lot of bad things about car title loans, but TFC ...blew my expectations out of the water with their incredible service, thansk! MoreLess
