Best Title Loan Companies in
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Utah is a very unique state with a variety of interesting nicknames. Among them include the Mormon State and the Salt Lake State, which highlight Utah’s members of The Church of Jesus Christ of Latter-day Saints, as well as the beautiful Salt Lake City.
However, Utah’s official nickname is the Beehive State, which represents hard work and perseverance. This is reflected in the various accolades that Utah has received, such as “#1 Best State for GDP Growth”, “#3 Top State for Business”, and “#1 Best State for Entrepreneurs” as listed by the Governor’s Office of Economic Opportunity.
Utah residents also enjoy a cost of living that’s slightly below the national average. According to the Missouri Economic Research and Information Center, Utah has a cost of living index of 98.6, a hair below the national average of 100.
The Utah Department of Workforce Services provides further insight into the cost of living indices for major Utah cities:
- Salt Lake City pretty much resembles the average cost of living in the country, with an index of 100.5.
- Provo and Orem have a combined index of around 97.9.
- Ogden has one of the lower indices among major Utah cities, at 96.5.
Regardless of where you live in Utah, hopefully you have your daily expenses well-covered. However, it’s the emergency expenses, such as a sudden car repair or medical bill, that can cause undue financial stress.
In these cases, many Utah residents have found title loans helpful. Provided you have the financial means to repay it, a title loan is still one of the better options for those who have trouble securing a loan from a bank or credit union.
With so many title loan companies in Utah, how do you know which ones are trustworthy? In this post, we’ll give our top 10 recommendations for the best title loan companies in Utah.
Are Title Loans Legal in Utah?
Yes, title loans are legal in Utah. The Title Lending Registration Act is the major piece of legislation that Utah title loan companies must abide by.
Unfortunately, compared to other state title loan laws, the Title Lending Registration Act is pretty lacking when it comes to placing limits on what lenders in Utah are allowed to do. In fact, there is no official limit on the loan amount or interest rate. This is also confirmed by the Consumer Federation of America.
The lack of legal limits means that some title loan lenders may charge extremely high interest rates. Keep this in mind when reviewing loan terms, and don’t just sign the first offer you get! Our top 10 recommendations will focus on companies that have a history of offering lower rates to their customers.
How Do Title Loans Work in Utah?
In Utah, getting a title loan involves this general five-step process:
- Prepare your documents. For your office visit (or online application), you’ll need a copy of your ID as well as your car title. Some companies also require proof of income (paystub) and proof of residency (state-issued ID or recent utility bill).
- Fill out an application, in person or online. To indicate your interest in a company’s title loan services, start by filling out their application. Most companies offer this online. The application usually only takes a few minutes and asks for basic information about yourself and your car.
- Receive and review your loan terms. Most likely, your application will be accepted. You may have to bring your car to a physical location or designated meet spot for inspection, but you should receive your loan contract immediately after. Take the time to review it and ask questions.
- Accept or decline the offer. If you agree with the terms, go ahead and sign the contract. You can also decline if you’re willing to start over this process with another company.
- Get your funds. The last step is to simply receive your funds! Be sure you know how to make payments on your loan, and prioritize paying it off on time.
Best Instant Title Loans in Utah
Now that you’re familiar with how title loans in Utah work, we’ll introduce the best title loan companies. Topping our list is Max Cash Title Loans, with LoanMart coming in at a very close second.
Max Cash Title Loans
Max Cash Title Loans has established themselves as one of the country’s most reputable title loan companies, offering competitive title loans and loan refinance services. Their unique approach has helped them scale and expand their business to every state where title loans are legal.
What is this unique approach? Unlike most other title loan companies, Max Cash is not a direct lender. Instead, they provide a platform that aims to match you with one of their hundreds of partner lenders. This model has successfully helped over 1 million clients to date.
Max Cash helps you maximize your chances of getting a competitive title loan because of their huge partner network. In addition, they do all the dirty work of finding a suitable match for you, entirely free of charge.
These are all the reasons we like Max Cash:
- It’s Free
- Quick and Easy Online Application
- Biggest Network of Title Loan Lenders
- Transparent About Rates and Services
- Fair Evaluation of Car Value
- Ability To Compare Interest Rates and Loan Amounts
- Protects Your Personal Information
- Top-Tier Customer Service
- Bank Account Not Required
If you want to learn more, read our Ultimate Max Cash Title Loans review.
LoanMart is another excellent choice if you’re looking for a title loan in Utah. Since 1999, the California based company has gone from humble beginnings to now offering their services in 29 states.
Whereas Max Cash is a title loan platform, LoanMart is a direct lender. When you apply through LoanMart, they are directly responsible for preparing your contract and financing your loan. Utah residents can enjoy all of LoanMart’s advantages when applying, including competitive rates, and no penalties for early loan repayment.
In addition, LoanMart makes it one of their core company missions to educate their clients about all things related to finance. This is shown in their blog, which launched in 2018 and aims to help customers make well-informed financial decisions. They also offer a mobile app with additional resources.
These are all the reasons we like LoanMart:
- Three Day Peace of Mind Guarantee
- Excellent Customer Service Support
- Dedicated to Financial Education
- Protects Your Personal Information
- Competitive Rates
- Secure Funds Quickly
- Multiple Loan Options
Top 8 Local Utah Title Loan Companies
The majority of Max Cash and LoanMart clients prefer completing the title loan process online. If you’d rather visit a local Utah title loan company in-store, here are 8 more top suggestions for you.
1st Choice Money Center
1st Choice Money Center is often the first choice for many seeking a title loan in Utah! They have a cluster of about 20 locations near Provo and Salt Lake City, with their University Avenue location in Provo scoring a high 4.9 out of 5 average rating among 457 Google reviews.
For their title loans, 1st Choice promises a manageable repayment plan so that you don’t feel too burdened with debt. They offer reasonable interest rates and monthly payments, and offer loan terms for up to 24 months. If you visit in-store, you could qualify for up to $10,000 in as little as 5 minutes.
- Address: 984 S University Ave, Provo, UT 84601
- Phone: (801) 373-2049
- Email: email@example.com
American Title Loans
American Title Loans offers title loan services to six states. Their South Salt Lake location has a very high 4.8 out of 5 average rating among 339 Google reviews.
American Title Loans has a very quick approval process, because they promise two things: no credit check, and no car insurance required. They are also known to be flexible when it comes to late payments--give them a call if you feel like you’re going to miss a monthly payment, and they may be able to make accommodations.
- Address: 3355 S State St, South Salt Lake, UT 84115
- Phone: (801) 466-9886
Check City is a local Utah company that offers a variety of loan and cash services. Among loans, popular services include installment loans, tax refund advance loans, payday loans, and of course, title loans.
Compared to other companies, Check City has a longer list of requirements for their title loans, including a check or bank statement, as well as your vehicle registration. This is all listed on their website. Whereas this may feel more troublesome, it also shows how thorough Check City is when considering applicants. This can help them come up with a better rate for your financial situation.
- Address: 3491 S Redwood Rd, West Valley City, UT 84119
- Phone: (801) 924-0680
- Email: firstname.lastname@example.org
Loanmax is one of the most popular title loan companies in the country, and this is no exception in Utah. They have a handful of locations in the state, with their Ogden location posting an average 4.9 out of 5 rating among 79 Google reviews.
Loanmax offers all the benefits you might expect from a large, established company: quick application processes, high approval rates, and excellent customer service. From start to finish, the process takes only 20 minutes--that’s about as close to an instant title loan as it gets.
- Address: 1918 Washington Blvd, Ogden, UT 84401
- Phone: (801) 622-8190
Loans For Less
Loans For Less is a local title loan company that primarily serves Utah residents. They have two locations: one in Salt Lake City, and one in Ogden. Their Ogden has an average 4.4 out of 5 rating among 50 Google reviews.
According to their website, Loans For Less claims to offer 50% more in loans and charge 70% less. They strive to live up to their name by offering some of the best rates in Utah. This has been their mission for 19 years, so apply now and see if you can lock in a great rate.
- Address: 3901 Riverdale Rd, Ogden, UT, 84405
- Phone: (801) 399-9477
- Email: email@example.com
TitleMax is a go-to option for just about anyone looking for a title loan anywhere in the country. They have many locations in Utah as well, with one of their offices in West Valley City averaging a perfect 5 out of 5 rating among 536 Google reviews.
Unlike many other title loan companies, TitleMax does run your credit. Many view this as a negative, but TitleMax claims that this credit check does not hurt your chances of approval. They simply use that as an additional factor in determining your monthly payment to make it more manageable for you.
- Address: 3100 W 3500 S, West Valley City, UT 84119
- Phone: (801) 955-1779
Utah Money Center
Utah Money Center is a Salt Lake City based company that offers extremely competitive rates on instant title loans. They have three locations in Sandy, Taylorsville, and Utah county.
Utah Money Center accepts just about any vehicle title as collateral for the title loan. On their site, they list cars, trucks, motorcycles, trailers, ATVs, and even snowmobiles as accepted vehicles. They try to say “yes” to as many applicants as possible, so don’t hesitate to apply.
- Address: 9115 S 700 E, Sandy, UT 84070
- Phone: (801) 373-2274
Utah Title Loans, Inc.
Utah Title Loans offers highly-rated title loans, payday loans, and installment loan services to Utah residents. Their St. George location has an average 4.8 out of 5 rating among 153 Google reviews.
For title loans, you have the option of completing the process entirely online. Utah Title Loans makes this easy by offering to come to you for the vehicle inspection and final contract signing. Of course, you can still visit in-store and get your cash in as little as 30 minutes.
- Address: 844 E St George Blvd, St. George, UT 84770
- Phone: (435) 628-6445
What Do You Need For a Title Loan in Utah?
To get a title loan in Utah, you’ll need the following:
- Government-issued ID
- Car title
Note that you only need the car for inspection purposes. You won’t actually have to give up your car in order to get a title loan--you can continue driving it as normal. You’ll only have to give up your car title, which you’ll get back after paying off your loan.
In addition to these documents, many companies will also ask for proof of income and proof of residency. You can satisfy these requirements by bringing a recent paystub and utility bill. Some companies may also request your car insurance information.
Do I Need Good Credit to Get a Title Loan?
Notably, having a good credit score is not a requirement to getting a title loan. With the exception of TitleMax, all the recommended companies in this article will not even run your credit.
Title loans and payday loans are two very popular forms of loans that usually involve no credit checks. While this makes them very quick and convenient, the tradeoff is that they can often become very expensive.
Because of this, it’s usually preferable to eventually phase off of title loans and move to more affordable personal installment loans in the future. In order to do this, you have to prioritize improving your credit score.
How can you do this? One very practical way to start is to look into credit repair with a company such as Credit Saint. In our Ultimate Review Guide for Credit Saint, we show you how their services can permanently increase your score by 30, 60, or even more. Most importantly, they’ll teach you how to continue to improve that score moving forward.
Can I Get a Title Loan Without Proof of Income?
Usually, you won’t be able to get a title loan without proof of income. Because most title loan companies don’t run your credit, they need some alternate way to assess your creditworthiness. Your proof of income is how they do that.
That being said, some companies are willing to be flexible if you’re going through a period of unemployment. If you can show that you’re consistently receiving financial support from unemployment benefits or a family member, you could still qualify for a title loan.
What Is The Downside to a Title Loan?
There’s really no getting around it: title loans are expensive, as warned by multiple reputable sources like Consumer.gov. With the lack of title loan regulations in Utah, APR interest rates can easily reach triple-digits on a typical title loan.
However, if you’re able to repay the loan, it’s hard to find a faster, more convenient option for those who can’t secure a traditional installment loan. Just be sure to prioritize paying off your loan, and you’ll be fine.
Conclusion and Next Steps
In this article, we took a look at title loans in Utah, and which companies offer the best services and rates. We narrowed it down to the top 10 best title loan companies in Utah for you to choose from.
Among those top 10, we definitely recommend starting your search with Max Cash Title Loans. Their large network of partner lenders gives them an obvious competitive advantage that few other title loan companies can match.
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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 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.