Car title loan laws in the USA and Canada are dynamic. This page became obsolete the moment we uploaded it to AutomobilePawn.com!

Starting a title loan business? Improving a title loan business? Do you want to learn how to lend money to the masses profitably? Car title loans, payday loans, installment loans, line-of-credit loans… We thoroughly cover all of these and more.

Review this page and consider the laws, license fees, net worth requirements, and the need for a bond in your state.

Strategies:

The fact that YOU reside in a State that is not appealing to car title loan lending does not negate your ability to offer car title loans via the Internet. With the aid of car title loan software management platforms (refer to our Title Loan  Manual software chapter for discussion and details) and your ability to form an entity (LLC, S-Corp, C-Corp, holding company…) or simply partnering with an operator in a more favorable State, it’s not a huge leap in today’s environment to put your capital to work in the title loan industry. Certainly, the financial returns can be much greater than being satisfied with the sub-one percent interest returns available from bank CDs!

A licensing requirement for having a physical location can often be met simply by having a small “office” located on the 3rd floor of a nondescript building open from 1-3 P.M. one day per month by appointment only. 🙂

Be aware that $25,000 bonds are purchased for fees that typically range from $200 to $500 per year from insurance or “bonding” companies that specialize in the car title loan and payday loan niche. (For a list of these companies, refer to our Title Loan Manual.)

Net worth requirements can be met in a multitude of ways. And, be aware that, depending on your State, the funds required to meet minimum net worth requirements can often be used to run your business and be used to pay the various line items/expenses incurred by your car title loan business startup. (Again, for details, refer to our Title Loan Manual.)

Car title loan laws change often! Use the “Car Title Loan Laws Table” below to BEGIN your research.

When you invest in our “Car Title Loan Manual,” you’ll receive more definitive, specific information regarding your latest state laws, sample contracts, and additional reports, documents, licensing applications, etc.

Here’s our contact info for Trihouse Consulting. In addition to owning and operating our own lending centers offering car title loans, installment, line of credit, and payday loans, we offer consulting and instruction for lenders and operators. 702-208-6736 TrihouseConsulting@gmail.com 

Ready to begin? Do you want to start or improve a car title loan business? 60-day “no questions asked” return policy. We do not get returns! We know what we’re talking about. No one else does what we do nor offers “how-to” and regular updates for the car title loan industry. $150.00 delivered to your inbox immediately. Visa, Mastercard, American Express, Paypal, or Bitcoin.

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