Best Title Loan Companies in Ohio

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Author : Chris Morgan
Updated on : January 30th, 2023

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The Midwestern state of Ohio is known as the Buckeye State due to the abundant Buckeye trees that were once found throughout the state. Ohio has several major cities, but the top three are known as the “Big C” which include Columbus, Cincinnati, and Cleveland. It is also home to a number of unique firsts such as being the birthplace of the NFL, home to the Rock ‘n’ Roll Hall of Fame, and the location of the first Wendy’s fast food restaurant Wendy’s. It seems as if Ohio has it all which is why Ohio once adopted the slogan “Ohio, the Heart Of It All” to promote tourism as well as to acknowledge its unique heart-like shape. 

Well, according to many people Ohio is at the heart of it all because recently Ohio.org noted that Ohio was named one of the top 10 affordable states in America. Even within Ohio’s most popular cities such as Columbus and Cincinnati, the cost of living is still between 40 to 72% lower when compared to major cities throughout the United States. In addition to the thriving economy and housing affordability, Ohio is a great place to get the most bang for your buck.

While Ohio is quite a coveted state due to its low cost of living, emergencies can happen that put people in a financial pinch. For this reason, title loans are a convenient source of short-term, hassle-free financing.


Are Title Loans Legal in Ohio?

Title loans are available in Ohio with stipulations and restrictions. According to the Consumer Federation of America, Ohio is listed as a restricted title loan state due to state legal enactments, which seek to limit predatory lending practices. This means that those entities that choose to provide title loan services in Ohio must meet strict standards, which include adhering to interest rate caps and meeting specific licensing requirements.


Best Online Title Loans In Ohio

If you are looking for a title loan in Ohio from a reputable company, we are pleased to offer a list of the best online title loan companies for your convenience. Online title companies allow you to access title loan applications easily and receive an approval just as fast.

Max Cash Title Loans


Max Cash Title Loans Logo

Our most preferred online title company is Max Cash Title Loans. This company has been providing online loan services throughout the United States since 2008. They are proud to have serviced over one million customers and counting which makes them a reputable provider of online loans.

What makes Max Cash unique is that they are an online broker. They offer a platform where numerous lenders get together to provide loan services to the general public. This is done at no cost to you, the consumer. Once you submit your application for a title loan, it is processed to help you locate the best title loan within your area at the most competitive rates.

Here are some reasons why Max Cash Title Loans is our preferred choice.

  • Exceptional customer service
  • An expansive network of loan lenders
  • An easy online application
  • Transparency of rates and services

Our Max Cash review provides more information on their loan products and services.

LoanMart


LoanMart Logo

Our runner up for online title loan services is LoanMart. This company is different from Max Cash in that they are a direct lender. They’ve funded over 250,000 loans since 2002. Those interested in expediting the title loan process may prefer to use LoanMart to cut out the middleman. Not only that, LoanMart offers a three day peace of mind guarantee which allows you to opt out of a title loan contract for up to three days from receipt without incurring fees or penalties.

We prefer LoanMart because of the :

  • Three-day peace of mind guarantee
  • Convenient direct lender process
  • Fast receipt of loan funds
  • Competitive loan rates
  • Valuable financial education resources

Check out our LoanMart Review for more information on the loan products and services they offer.


The Top 8 Local Ohio Title Loan Companies

While online title loan services such as Max Cash and LoanMart are convenient, there are times when you may want to visit a title loan company in person. So, we have provided a listing of eight local Ohio title loan companies for your convenience.

It is important to note that Ohio implemented the Short-Term Loan Act which helps to establish firm rules and regulations around short-term lending which includes title loans. Doing so has greatly reduced the number of available brick-and-mortar title loan lenders throughout the state.

We’ve done our due diligence to make sure that the following eight local title loan companies in Ohio are reputable and legitimate. Consumers that are concerned about possible scams and/or the legitimacy of a title loan company in Ohio are encouraged to visit one of our preferred online title loan providers such as Max Cash.

Here are the eight local title loan companies in Ohio which have been thoroughly vetted to help you get fast cash with peace of mind and security.

Montana Capital Car Title Loans


Montana Capital Car Title Loans Logo

Montana Capital Car Title Loans prides itself on offering customers throughout Ohio title loans with quick receipt of loan funds. Their goal is to help you get the maximum cash value for your title loan while also offering convenient repayment plans. You can complete an online title loan application or apply via phone. Since title loans do not require a credit check, all types of credit are accepted. Plus, this company allows you to begin title loan repayment 30 days from the start of your contract with monthly installments, and there are no prepayment penalties.

Contact Information:

  • Address: 2197 S James Rd, Columbus, OH 43232
  • Phone: (614) 618-4848

Advance Car Title Loans


Advance Car Title Loans Logo

Advance Car Title Loans offers online title loans for the convenience of its customers. If you’re interested in a title loan with Advance Car Title Loans, you will need to provide a government issued identification, proof of income, and a lien-free car title in your name. Once you complete the online inquiry form, an agent will contact you to expedite the title loan process. For the best results, you should have all of your title loan qualifying information readily available as this helps to expedite the title loan process and allows you to receive your loan funds faster.

Contact Information:

  • Address: 842 N High St, Columbus, OH 43215
  • Phone: (614) 881-5609

Simple Cash Title Loans


Simple Cash Title Loans Logo

Simple Cash Title Loans is proud to offer quick title loan funds to customers throughout Ohio. They have a three-step request, approval, and receive money loan process. You submit a request for an online application for a title loan, and one of their loan agents will reach out to you to expedite the loan process. Upon submission of the required information, you’ll receive an approval for your title loan.

If you agree to the title loan terms and conditions, you’ll handover your car title as collateral for the title loan, and Simple Cash Title Loans will hand you funds for the cash value of your vehicle.

Contact Information:

  • Address: 1897 Northwest Blvd, Columbus, OH 43212
  • Phone: (614) 953-6423

5 Star Car Title Loans


5 Star Car Title Loans logo

5 Star Car Title Loans offers a variety of loan products and services to include car and RV title loans. They have exceptional customer service, and you don’t have to worry about being turned away due to poor credit. They also make the title loan application process easy by accepting title loan applications online and via phone.

To receive a title loan from 5 Star Car Title Loans, you must provide a government-issued state identification, proof of consistent income, a lien-free title, and you must be willing to have a GPS installed on the vehicle being used as collateral for the title loan. 

Contact Information:

  • Address: 4834 W Broad St, Columbus, OH 43228
  • Phone: (614) 665-6529

Depot Car Title Loans


Depot Car Title Loans Logo

Depot Car Title Loans provides prompt title loan services online. Their title application can be completed within minutes, and upon approval you‘ll receive your funds via direct deposit or cash in hand at one of the local brick-and-mortar locations. Their knowledgeable loan staff will review your title loan application as well as the required documentation to determine your eligibility for a title loan.

An appraisal of the vehicle is necessary to determine the cash value of the vehicle and amount available to lend for the title loan. Upon being approved for the title loan, you’ll still be able to drive your car while making convenient monthly payments.

Contact Information:

  • Address: 3127 E 17th Ave E, Columbus, OH 43219
  • Phone: (614) 414-3565

Advance America


Advance America Cash Advance Logo

For more than 25 years, Advance America has offered a variety of financial products and services throughout the United States. In fact, they have issued over $148 million in loans since their inception. In Ohio, Advance America offers title loans up to $25,000 with the final title loan amount determined through a vehicle appraisal.

To qualify for a title loan with Advance America, you must be in possession of a vehicle with a paid off title in your name. You can submit an online application or complete the title loan application in person. An Advance America employee will inspect your vehicle to determine the title loan amount, and once your application is approved, you’ll receive title loan funds quickly.

Contact Information:

  • Address: 3296 S High St, Columbus, OH 43207
  • Phone: (614) 492-8160

GoTitleLend


GoTitleLend Logo

GoTitleLend provides 24-hour turnaround for title loans in Ohio. GoTitleLend sets itself apart from the competition by offering three different title loan options which include the traditional online title loan, rebuilt title loans, and pink slip title loans. The traditional online title loan can be completed entirely online and allows you to borrow between 40 to 60% of the value of your vehicle.

Rebuilt title loans are specifically for those who have vehicles that have been rebuilt or damaged. Pink slip title loans use the vehicle title as collateral to provide same day cash loans. Title loans are available from 500 to up to $15,000 depending on the vehicle’s condition.

Contact Information:

  • Address: 1231 Forsythe Ave, Columbus, OH 43201
  • Phone: (380) 888-5035

Golden Cash Advance


Golden Cash Advance is an online loan broker that offers title loans in Ohio. They help you locate local companies that are willing to work with you to get a title in person. You complete an online application which is reviewed by a loan agent. From there, the loan agent will review your required documentation and submit it to local lenders who would then provide an approval for a title loan within minutes. Plus, Golden Cash Advance offers a 24-7 online support system to ensure that your title loan is processed expeditiously.

Contact Information:

  • Address: 176 E Town St, Columbus, OH 43215
  • Phone: (380) 214-1986

How Do Title Loans Work In Ohio?

Obtaining a title loan in Ohio is possible, but there are specific rules and regulations that must be followed to ensure consumers are protected from predatory lending practices.

Ohio’s Credit Service Organization Act stipulates the specific terms and conditions under which companies that are interested in providing title loan services must adhere. This includes capping interest rates to 28% and offering affordable repayment terms based on the borrower’s monthly income.


Can I Negotiate a Title Loan?

When it comes to negotiating a title loan, it is important for you to understand that prior to obtaining title loan funds, you must review, agree to, and sign a title loan contract. Within this contract are the terms and conditions to include the amount of title loan funds to be received, repayment terms and conditions, and other legal issues such as what happens when you fail to repay, interest and fees, etc.

There are some title companies that are willing to offer title loan refinancing in an effort to help consumers repay their title loans and avoid a possible repossession of the vehicle to recoup title loan funds.

Under the worst case scenario, if you really can’t repay your title loan under the original terms and conditions and you are not interested in title loan refinancing, you can allow the title loan company to repossess your vehicle which will pay off the remaining title loan debt.


Can Title Loans Hurt Your Credit?

Since credit is not required to obtain a title loan, your credit is not impacted positively or negatively. A lien-free title loan is used as collateral to secure the title loan. The vehicle title is held by the title loan company until you pay off the title loan.


Even if you don’t pay off the title loan, your credit is not impacted negatively. However, failure to repay the title loan could result in the repossession of your vehicle.  If you want to boost your credit score, check out our post on How to Fix My Credit Score Myself to get started.


What Are The Advantages & Disadvantages of a Title Loan?

As with all financial products, there are there advantages and disadvantages to title loans. It is important to weigh the pros and cons of obtaining a title loan as an emergency cash option. 

Some of the advantages of a title loan include:

  • No need for credit due to using your vehicle title as collateral.
  • Instant availability of title loan funds upon approval.
  • The availability of multiple installment repayment plans.
  • Cash in hand while still having access to your vehicle while paying the title loan.

Some of the disadvantages of obtaining a title loan include:

  • Possible vehicle repossession if the title loan is not repaid in full.
  • Although convenient, title loans often come with a higher interest rate in comparison to other loan products and services.
  • Some title loan companies may require you to install a GPS if you don’t already have one so that they can track the vehicle until the title loan is paid off.

If you are considering a title loan as an emergency cash option but are still on the fence, check out our post on the Best Online Title Loans of 2023.


Conclusion and Next Steps

Now that you’ve had the opportunity to consider both the online and local title loan companies available to you in Ohio, it’s time to take the first step to getting your title loan funds.

Visit our preferred online title loan provider Max Cash to begin the title loan process. All you have to do is fill out the online application, and you’ll have access to multiple lenders ready to help you obtain the title loan funds you want with ease and convenience.

If you need cash fast, get in touch with

Max Cash.

Max Cash Title Loans Logo

When doing research, Credit Help Info relies on credible and authoritative sites. These research sources are provided so that you can see exactly where we get our information.


About the Author

Chris Morgan

Chris Morgan is a credit expert and founder of Credit Help Info. He has been featured in Addition Financial, GOBankingRates, MSN Money, Yahoo Finance, and many other publications. He has read hundreds of books and resources on finance and the credit industry. Because he did this, you don’t have to. As a school teacher for over 20 years, Chris enjoys taking complicated material and breaking it down into manageable information that’s easy to understand.


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