VIP Title Loans is a direct lender that offers title loans to borrowers with a wide range of credit scores. The company was founded in 2013 and is headquartered in Arlington, Texas. VIP Title Loans has over 100 locations in Texas, Louisiana, and Oklahoma.

What is a Title Loan?

A title loan is a secured loan that uses the borrower’s vehicle title as collateral. The borrower keeps possession of the vehicle while the loan is outstanding. Title loans are typically used for short-term financial needs, such as unexpected bills or emergency expenses.

How to Apply for a Title Loan from VIP Title Loans

To apply for a title loan from VIP Title Loans, borrowers can visit one of the company’s locations or apply online. The application process is simple and takes just a few minutes to complete.

Borrowers will need to provide the following information on their loan application:

• Personal information, such as their name, address, and date of birth
• Employment information, such as their job title and salary
• Financial information, such as their income and debt
• Vehicle information, such as the make, model, year, and mileage of the vehicle

Once the loan application is submitted, a VIP Title Loans representative will review the application and make a decision within 24 hours. If the loan is approved, the borrower will receive the loan proceeds within 1-2 business days.

VIP Title Loan Requirements

To qualify for a title loan from VIP Title Loans, borrowers must meet the following requirements:

• Be at least 18 years old
• Have a valid Social Security number
• Be a U.S. citizen or permanent resident
• Have a verifiable source of income
• Have a valid vehicle title in their name

VIP Title Loans does not have a minimum credit score requirement, but borrowers with higher credit scores are more likely to qualify for a loan with a lower interest rate.

VIP Title Loan Terms

VIP title loans have terms of 12, 18, 24, 36, or 60 months. The interest rate on a VIP title loan will vary depending on the borrower’s credit score, loan amount, and loan term.

VIP Title Loan Fees

VIP Title Loans charges a number of fees, including:

• Origination fee: An origination fee is a percentage of the loan amount that is charged to the borrower when the loan is funded. VIP Title Loans charges an origination fee of 2% to 6%.
• Late payment fee: A late payment fee is charged to borrowers who make a late payment on their loan. VIP Title Loans charges a late payment fee of $10.
• Prepayment penalty: A prepayment penalty is charged to borrowers who pay off their loan early. VIP Title Loans charges a prepayment penalty of 3% of the remaining balance on the loan.

VIP Title Loan Reviews

VIP Title Loans has a mixed reputation among borrowers. The company has a rating of B+ with the Better Business Bureau and a rating of 3.5 out of 5 stars on Trustpilot.

Positive reviews of VIP Title Loans often mention the company’s fast and easy application process, its flexible loan terms, and its competitive interest rates. Negative reviews of VIP Title Loan often mention the company’s high fees and its lack of customer service.

Overall, VIP Title Loans is a reputable title loan lender that offers loans to borrowers with a wide range of credit scores. The company offers a variety of loan terms and competitive interest rates. However, borrowers should be aware of VIP Title Loans’ high fees and lack of customer service.

Additional Information

Here is some additional information about VIP Title Loans:

• The company is licensed in Texas, Louisiana, and Oklahoma.
• VIP Title Loans is a member of the American Financial Services Association.
• The company has been featured in a number of publications, including Forbes, Entrepreneur, and Inc.

Conclusion

VIP Title Loans is a title loan lender that offers loans to borrowers with a wide range of credit scores. The company offers a variety of loan terms and competitive interest rates. However, borrowers should be aware of VIP Title Loans’ high fees and lack of customer service.

Is a Title Loan Right for You?

Title loans can be a good option for borrowers who need a quick loan and who have been rejected for a loan from other lenders. However, borrowers should be aware of the high interest rates and fees associated with title loans. Title loans should only be used for short-term financial needs and should be repaid as quickly as possible.