Whenever you extend a title loan, you should always pay down as much your loan as possible, in order to keep your service charges to a minimum.
Title loans are not intended for long-term financing, and we urge all of our customers to use the service prudently and responsibly. Accordingly, Vegas Cash & Title Loans may limit or not advance funds to customers who have payday or similar personal loans outstanding elsewhere.
There is no grace period on title loans. Nevada law states that you must make a scheduled payment on a loan or pay the loan balance in full on or before the due date of the loan or extension. If you do not make the appropriate payment when due, your loan will be declared in default the next morning (NRS 604A.045).
If your loan continues in default. We will offer you a repayment plan. If you do not accept the repayment plan, or if you accept the repayment plan and default again, your vehicle will be repossessed.
Please be advised that defaulting on a loan or having your vehicle repossessed may adversely affect your credit and impede your ability to obtain future loans or other financing. If you are not certain that you can make every scheduled payment on time, you should not apply for a title loan.
In-Store: Simply bring in a clear title with your name on it and a form of identification. We accept many types of identification: Driver's License, Identification Card, Out of State ID, Mexican Matricula Card, Passport, or Government photo ID. We also accept the ID if it is expired. Please see requirements for futher details.
In-Store: You will receive your approved loan amount in cash at time of approval in store.
In-Store: You may apply at your local store and both people must be present in the store to complete the process. When it comes time to signing the documents, the store will instruct you how to complete them.
- Financial Implications – Currently, no past due interest is assessed on any loans you may obtain from us or that we may arrange for you. However, you may be assessed a late fee if you fail to make your payment by a specified period following its due date and you may be assessed with a returned item charge if any check or electronic payment we submit on your behalf is returned unpaid (late fee and returned item fees vary by state – see your transaction agreements for additional details).
- Collection Activity – We may attempt to collect any delinquent amount through our standard collection practices, which include contacting you by phone, mail, SMS or email. We may also exercise any of our rights under our loan or credit services agreements with you. If we are unable to collect any delinquent amount you may have with us through such actions, we may also sell our debt to a third party debt buyer or engage a collection agency, who may also institute collection activity with you.
- Impact on Your Credit Score – We do not currently report loan activity to any of the three major credit bureaus (Equifax, Experian or TransUnion). However, we do use alternative credit reporting agencies such as FactorTrust. Failure to make timely payment on your loan may reduce your score with such agencies, and prevent you from receiving credit or other services from a provider that uses such agencies.
- Renewal of your Loan – We do not automatically renew any of our loans or credit services transactions. Where refinances or renewals are available (varies by state), you may obtain a refinance or renewal of your loan or credit services transaction by logging in to your account prior to your due date and applying for a renewal or refinance. In connection with any renewal or refinance, you will be required to e-sign new transaction agreements for such renewed or refinanced transaction and our standard rates for loans or credit services transactions will be assessed on such renewal or refinance (varies by state – see posted fee schedules).