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 charge up to 160% APR, but the maximum APR for qualifying members of the VIP Program is 35.99% 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.

To illustrate cost, a $10,000 loan with a 2-year term will have monthly payments of $475 and a total cost of $11,400.

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 160% 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
    $2510 - $50000
  • Payment Options
    Automatic Payments
  • APR
    35.83% - 160%
  • Max Loan Term (Months)
  • Clean Title Required
  • Credit Score Range
    300 - 700
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Minimum Age
  • Minimum Income
  • Vehicle Requirements
    • Clear title
    • Minimum equity
    • Vehicle paid off
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • Funding Time
    Same day
  • Credit Bureau Reporting
  • Late Fee Amount
  • No Prepayment Fee
  • Origination Fee
    Starting at 1.5%
  • Institution Type
    Direct Lender
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