TITLE LOANS 1. What are the requirements to obtain a “title loan”?
• Must present vehicle along with vehicle title, free of liens, at the branch. • Must present valid, state issued identification • Must be able to prove income 2. What are the terms of the loan? Checkmate Cash Advance Center writes 30 day agreements. You can extend agreement another 30 days with payment of accrued interest or greater (see fee schedule). The agreement can be extended as many times as needed, provided monthly interest payments are made on or before the due date. 3. How does a title loan work? Checkmate applies for a lien with the issuing State of the vehicle title, thereby securing the loan with your vehicle. Once your loan has been paid in full, Checkmate issues a lien release for your vehicle title. You may then go to your local DMV, and have a new title issued to you, free of liens. 4. Can I pay my loan off before the due date on the contract? Absolutely. Interest accrues daily and is prorated prior to the due date on the contract. You are welcome and encouraged to re
