Frequently Asked Questions

Q: What are the requirements to get approved for a loan?

A: Along with a verifiable application, you must own your vehicle and have a clean title and current registration. We do not make loans on salvage vehicles.

Q: What is the maximum amount I can borrow?

A: The amount you can borrow is based on the value of your car as well as payments that you can afford.

Q: What can I do with the money I borrow?

A: You can use the money however you choose but do use it responsibly. Remember this is a HIGH INTEREST Loan and should be obtained only when other avenues are not available to you.

Q: How long do I have to repay my loan?

A: Our average loan is for 24 months. We do offer longer and shorter loans depending upon our clients situation. We encourage our clients to pay off their loan as soon as it is convenient to do so.

Q: How long does the application process take?

A: If all the documentation is filled out and your car is evaluated, you could get an answer within minutes.

Q: How fast will I get my money?

A: With the loan approval and all the required documents , you will normally have a check within one hour.

Q: When will my first payment be due?

A: Your first payment will be due 30 days after you receive your money.

Q: How and where do I make my payments?

A: You can make payments by visiting our office or sending your payment in the mail. For your convenience, we accept cash, money orders, cashiers checks, personal checks, credit cards, ACH electronic funds transfer and MoneyGram.

Q: Can I pay more than one payment at a time?

A: Absolutely. Pay as much as you can afford. This will reduce the balance on your loan faster.

Q: Can I pay my loan off early without a penalty?

A: Absolutely. In fact, we encourage you to do so. There is no prepayment penalty.

Q: Do you have a referral program?

A: Most of our business is from word of mouth. Refer someone to us who receives a loan and you will receive $50.00.

If you have any additional questions, please email, call, or visit one of our Loaning America locations nearest you.