Title Loans May Help in These Situations

At Utah Money Center, we’re happy to provide title loans for a variety of vehicles. Whether you’re looking at car title loans, ATV title loans, motorcycle title loans or even title loans for snowmobiles, we’re here to get you the quick cash you need with no hassle.

A title loan works through you using your vehicle as collateral for the funds we’re giving you. We’ll appraise your vehicle and make you an offer based on the value, then retain the title to your car as the loan is active. Know that we don’t keep your vehicle during this period – only your title, which we retain in case of a default on your loan.

Who are the types of people who often can benefit from our title loans? Here are a few situations that might work perfectly for a title loan.

Bad Credit

When applying for standard loan types, credit is one of the most important considerations. Many banks won’t even think about lending you money if your score isn’t over 700, and if you’re below 600, there’s almost no major financial institution that will deal with you.

This is where title loans come in. They require no credit check for you to obtain funds – your car’s title is the collateral on the loan, so there’s no need to look at your credit history as a result. Even if you have a past bankruptcy on your record, you can still get a title loan from Utah Money Center easily. We understand that even those with some credit issues may need some quick cash from time to time, and we’re here to help.

Quick Cash

Life can come at you fast, as they say, and this often hits you harder in your wallet than anywhere else. There are a number of emergencies or individual situations that might cause you to be in quick need of cash with no hassle, and a title loan is a great option here. You can generally get approved in about 10 minutes from start to finish, walking out the door with cash in hand.

Short Term

There are a number of situations where you might be stuck on cash temporarily, but expecting a windfall shortly. Maybe you’re a contractor expecting lump sum payments from a client in a couple months, for instance, but you’re a little thin on funds until then. A title loan is a perfect way to help you get through that brief patch without issue, then land right back on your feet quickly when your funds come in.

Payday Alternative

In the past, payday loans were the standard option for people in these situations outlined above. Today, though, many borrowers are moving to the title loan because it’s more affordable and generally comes with lower interest rates.

For more on the kinds of situations where title loans might be great for you, or to learn about any of our money lending options, speak to the pros at Utah Money Center today.

Why Your Title Loan Might Be Rejected

For those looking to get some assistance from a non-traditional lender, car title loans are often a great outlet. These basic loan options, which allow you to get a bit of quick cash based on using your vehicle as collateral, help people get out of a little financial bind in many situations. For those who are able to quickly recoup this money and pay the sums back in relatively short order, car title loans are some of the best short-term financial assists out there.

At Utah Money Center, we have a variety of car title loans and signature loans to help you out. We don’t mind if you have bad credit, and our loans are flexible and transparent. Now, this doesn’t mean we simply say yes to everyone – there are a few rare situations where you might not be able to get a title loan, or might have to work out a separate detail first. Let’s look at these situations.

Not Enough Car Value

To serve as proper collateral for the money we’re lending you, your vehicle needs to have enough value to match this number. If you want to take out a loan for more than the actual value of your car, you could find that you can’t get approved in these cases. In these situations, we can work with you to provide you with a smaller sum based on the value of your car.

Car Title Status

While it’s okay if you have a lost title at Utah Money Center, you might run into issues if your car title has a lien on it. In some other cases, you may not qualify if you have no equity. If you have only a few payments left, though, we can usually help you out. This kind of flexibility is what separates us from other similar lenders.

Inability to Repay

Finally, even if your car does have value and a proper title, you need to have enough reasonable income to be able to repay the loan. Being unemployed or self-employed does not necessarily disqualify you here, but you do need to be able to make us confident in your ability to make your monthly payments by showing gross monthly income.

For more on why a title loan might get rejected, or to learn about any of our title or signature loans, speak to the pros at Utah Money Center today.

Factors That Determine Borrowing Limits

At Utah Money Center, we’re proud to offer title loans to numerous clients to help them with any kind of brief financial bind. Our goal is to provide loans with simple terms that most people can take advantage of.

One of the most common questions we get: How much money am I eligible for with a title loan? There’s no single way to answer this question, as the true answer will depend on a few important factors. Let’s take a look at these factors when it comes to how much you can get on a car title loan.

Important Factors

While you have to have a source of income for a title loan, this is just to ensure that we know you can pay it back – it has nothing to do with the amount you can get for your loan. In reality, there are two important factors here:

  • Vehicle value: This is the primary factor in determining the loan amount you can receive. We will evaluate the condition of your vehicle, potentially utilizing a vehicle history report like Kelly Blue Book for assistance.
  • State of residence: Certain states have rules that limit the maximum available title loan amount – Utah, however, is not one of these states. In our next section, we’ll go over a few specific considerations for Utah.

Utah Title Loan Requirements

As we noted, there is no maximum title loan amount in Utah. While many other states set a cap at $2,500, $5,000, $25,000 or another limit, there is no such concern in Utah.

Down similar lines, it’s important to note that Utah also does not place any cap on title loan interest rates. There is no set term limit for title loans, which means title loan companies and borrowers can work together to determine terms. However, most basic terms are generally set at 30 days.

For more on the factors that go into your title loan amount, or to learn about any of our loan options, speak to the pros at Utah Money Center today.

Navigating Title Loans Responsibly

For a number of different potential reasons, you may find yourself and your family in a tough financial situation that requires a short-term cash infusion. One of your best options in this situation? Affordable title loans from a reputable company like Utah Money Center.

Our car title loans are a great, easy-to-obtain form of financing that are perfect for filling a short-term gap for a variety of reasons. As title loans come with higher interest rates and faster repayment periods, however, it takes a little care to ensure you don’t use them irresponsibly. With that in mind, here are three tips to help you manage a title loan properly.

Know Your Lender, Know Your Terms

When searching for a title loan in Utah, it’s important to only consider reputable providers of these loans like us. Unfortunately, this is a marketplace that does contain some unsavory characters who may try to take advantage of folks in a rough financial situation.

In addition, it’s vital to carefully understand the terms and specifics involved in your loan. Know exactly when payments are due, the penalties for missing payments or going overdue, and other important details. The last thing you want is to be surprised down the line by some fine print you didn’t take the time to read.

Lower Interest Rate Circumstances

As we noted above, title loans do generally come with higher interest rates than standard loans. However, there are a couple situations where you can get a lower interest rate on a title loan: Two good examples are directly following a divorce, or directly following a recent unemployment. In these situations, creditors may offer more leeway.

It’s important, however, to be careful here. Just because you have been extended a lower rate than you had expected doesn’t mean you should go crazy and borrow a huge amount you don’t really need – know your limitations and stick only to an amount you truly need.

On-Time Payments

Maybe the single most important factor in staying financially responsible with a title loan is paying on time. Set out a plan in advance for how you’ll meet all your due dates without being late on any of them, as delays in payment can cause penalties or even the repossession of your vehicle.

For more on navigating a title loan responsibly, or to learn about any of our car title loans available, speak to the pros at Utah Money Center today.

Protections for Military Veterans

At Utah Money Center, we’re proud of the financial assistance we can provide to veterans and active service members in the US military. These heroes of our country are afforded special protections under federal law and the Department of Defense when it comes to car title loans, and we’re proud to abide by these and even often go a step further to help veterans get the funds they need if they’re in a pinch.

What are the special protections you’re afforded for title loans if you’re a veteran? Here are some of the basics to know.

Military APR

One of the most significant rules when it comes to the military and title loans refers to APR, or annual percentage interest rate. This amount refers to all interest costs narrowed down to a single yearly rate figure.

For military members or veterans, APR thresholds are limited. All car title loans offered since October 1, 2007 must have an APR at 36 percent or lower if the term is 181 days or less. In addition, nearly all fees and charges will be included in this number.

Creditor Requirements

There are also restrictions on creditors when it comes to military veterans, to stop them from being taken advantage of in any circumstance. Creditors cannot require use of a check or access to a bank account, for instance, and also cannot require mandatory arbitration or serve unreasonable legal notices. If not followed, these restrictions come with major penalties to creditors.

Disclosures and Protections

As a military veteran or service member, you must be offered disclosures about your rights as a borrower and your loan costs. Any arrangement where you were not made aware of these precise details in advance can be ruled void. For this reason, you may be asked to sign a statement about your military affiliation during the process.

For more on title loans and military veterans, or to learn about any of our signature loans, personal loans or other financing options, speak to the pros at Utah Money Center today.

Why Title Loan Interest Rates Are High

At Utah Money Center, we’re happy to offer title loans as a perfect alternative if you’re in need of some quick cash. Our programs can get you in and out with a little more flexibility than you had before.

One of the most common questions we hear from our customers who come for a car title loan is this: Why is my interest rate so high? Well, there are a few general reasons why. Let’s look at these basic explanations.


A title loan can be very helpful to many people, but it’s considered a high-risk loan for a lender to take. This is due to several factors, including the checks that are required – or not required – on potential borrowers before a loan can be given. The higher the risk in any loan situation, the higher the interest rate has to be so the lender can be adequately compensated.


There is virtually no documentation required for title loans, which is part of what makes them so convenient – but there’s a trade-off here. Once again, little documentation means that the loan company in question is taking a high amount of risk in giving you a loan, and they have to ensure they’re covered.

Credit Check

The biggest documentation area that differs from most other loans is the credit check, which isn’t generally required for a title loan. Without the ability to see your credit, a lender can’t be as certain of your ability to repay the loan, and must charge higher interest.

There is a high rate of default in the title loan industry, and this is just another risk for a lender. Therefore, it’s another reason why interest might go up.

How to Get Better Rates?

In some cases, title loan lenders are able to give lower rates to clients that come back for additional loans. There can also be interest-free loans for clients in good standing with a given lender.

To find out more about a title loan, speak to the experts at Utah Money Center today.

Avoiding Major Financial Errors

Managing finances is one of the largest struggles many people undergo in their lives, and it’s totally natural that we all make mistakes or find ourselves in tough situations from time to time. At Utah Money Center, our title and signature loans are perfect for situations where you’re a bit down on your luck and need a brief bit of financial flexibility.

Certain financial mistakes are more serious than others, and there are some that might take you past the point where a title or signature loan can dig you out of this hole by itself. Here are a few of these mistakes, and how to avoid them well in advance.

Underestimating Retirement

Retirement is what many people work toward for their entire careers, but in many cases, people simply underestimate the true costs of properly building for retirement. Many in the Baby Boomer generation are beginning to feel this pinch already. Cost of living tends to continuously increase, a factor many people don’t plan for, and inflation and other financial elements contribute also. Meeting with a financial planner is advisable for avoiding these kinds of issues years down the road.


Perhaps the simplest mistake many people make with their finances is spending too much. Even some people with high-paying occupations wildly exceed reasonable spending limits, and before they know it, they find themselves in dire financial straits. Making a simple list of expenses and income can go a long way to solving these kinds of issues.

No Emergency Funds

We can’t always predict what kind of major financial or life events might take place, and it pays to be prepared for these. If you simply live paycheck to paycheck and never attempt to save for emergencies, you could find yourself in huge trouble if something big comes up. It’s advisable to keep three to six months of living expenses in a savings account for unexpected events.

Insurance Skimping

You may think these are small considerations if you own a car or home, but not having the proper insurance can be a huge mistake. What if someone gets injured on your property, and you don’t have proper liability insurance? What if, God forbid, you die prematurely and leave your family without the proper funds because you didn’t have life insurance? It’s never anyone’s favorite thing to get, but insurance is absolutely necessary from a financial standpoint.

To learn more about major financial mistakes to avoid, or to find out about our title and signature loans, speak to the pros at Utah Money Center today.

Tactics to Lower Title Loan Payments

Our finances aren’t always predictable, and there will be times where someone looking to pay off a car title loan will run into issues. At Utah Money Center, we understand that these kinds of things can be hard to predict, and we’re here to help however we can.

What are some tactics you can take to get lower payments for a title loan? Let’s take a look at a few simple strategies.

Partial Payments

Particularly if you’ve already made a couple payments on time and are building a good reputation with your lender, partial payments will generally be an option. It’s easily workable to set a new due date for the rest of a partial payment – this is perfect for folks who will still have the repayment amount, but may not have the entire thing until later than they had planned. It’s also great for people whose payment schedules at work may have recently changed.


Many lenders also have no prepayment penalties, which means that if you’re in a flush period but expect that a drier stretch may be upcoming, you can put down that chunk of money on your account with no penalties. This saves you interest and gets you out ahead for the leaner months.

Due Date Changes

If you’re willing and to pay the interest balance, changing your due date is typically easy enough. This will allow many people to make on-time payments that will eliminate additional interest building up on the account, and many lenders don’t even require a full minimum payment to change the due date.


If your payments are too high for your given situation, most lenders will allow a simple refinance to a smaller payment amount. This will involve extending the term of the loan out further, but particularly for customers who have built up a bit of trust with their lender, it’s generally a workable arrangement that can benefit both parties.

Interested in learning more about some of the ways you can lower title loan payments, or looking at your options when it comes to title loans? Speak to the brokers at Utah Money Center today.

What to Look For in a Lender

Lending and borrowing money are hand-in-hand actions that require bits of trust and faith from both parties, and for borrowers, finding reputable lenders who won’t betray this trust is important. At Utah Money Center, we have a fantastic reputation as a fair, honest lender for simple, fast title loans and other personal loans.

When you’re looking around for such a loan, what are the factors you should be considering in a lender? Let’s take a look.

Licensing and Insurance

Laws here will differ from state to state, but lenders must be fully licensed and insured in the field for you to even consider them. There are guidelines in place to keep your rights protected, and to govern loan processing times. Look for a company that has these current licenses within your state and municipality.

Company Stability

Unfortunately, there are some shady dealers in this field you need to keep an eye out for. Many companies are working on limited capital, and may fluctuate in and out of business depending on how a few deals go. You want a company with a long, clean history of lending, with the financial backing to secure your loan strongly.

Loan Thresholds

Different lenders will go about things differently with regard to how much they’re willing to loan out, both for your individual situation and overall. If you find a reputable lender with a high enough threshold, you’ll never have to worry about taking alternative routes, such as using multiple lenders to source enough cash.

Qualification Guidelines

Lenders will also have varying qualification guidelines – some ask for specific forms of income, expenses or credit, but most don’t for these kinds of loans. Depending on your specific needs, look for t right kind of lender here as well.

Interested in learning more about the right kind of lender, or want more information on any of our car title loans? Speak to the brokers at Utah Money Center today.

Signature Loans Vs. Lines of Credit

For those new to certain financial areas, certain terms can be a bit confusing. One such example is the difference between a personal or signature loan and a line of credit – both options can add funds to your financial profile, but they’re very different things in some of their finer details.

At Utah Money Center, we’re here to help with personal and signature loans anytime you’re in need. Here are some basics on the differences between signature loans and a line of credit.


The first difference here is in the amounts that are allowed under these different formats. The minimum for most personal loans is $3,000, but for most lines of credit, it’s higher, usually $5,000. Maximums for lines of credit will generally stretch longer, but this is for a practical reason – lines of credit can stretch much further into the future than a signature loan, which is relatively short-term. The max you can borrow in a personal loan will depend on factors like your personal finances and your credit score.

Interest Rates

With a personal loan, you’ll often have the ability to choose between a fixed or variable interest rate, which can matter for many people. With a line of credit, you do not have this option and only variable rates are allowed.


A personal loan is paid to you directly and immediately, in a single lump sum as soon as the loan is approved. By contrast, a line of credit is reusable – once you’ve been approved, you can continue using it and paying it down into the future.

Repayment Options

You pay a combination of principal and interest with a personal loan, and you’ll be allowed to choose between weekly, bi-weekly and monthly payment approaches. With a line of credit, you only pay interest on the amounts you use, rather than the entire line. In both cases, there can be penalties for not paying the full amounts back by the end of a term.

Secured Vs. Unsecured

Secured loans are backed by collateral, with higher borrowing amounts and lower interest rates. Unsecured loans can be approved more quickly, but amounts will be lower and rates will go up. Both personal loans and lines of credit can typically swing either way here.

Want to learn more about the differences between a signature loan and a line of credit, or interested in our cash and car title loans? Speak to the brokers at Utah Money Center today.