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 and Arizona.

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, and Arizona.

What Are TFC Title Loans' Interest Rates and Fees?

TFC Title Loans charges an 8% to 10% monthly interest rate, which amounts to a 96% to 120% APR (as of October 2016). However, 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 interest rates. All borrowers receive a rate ranging from 96% to 120% APR.

Loans terms range from 24 to 36 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 $2,600 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 interest rates. TFC Title Loans has a 96% to 120% APR (as of October 2016).
  • - 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.
  • Credit bureau reporting
  • Interest APR
    96% - 120%
  • Joint loans available
  • Loan Amount
    $2600 - $50000
  • No late fees
  • Max Loan Term (Months)
  • Lend to military?
  • Origination Fee
    2% - %
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
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