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Title Loans in Johnstown, Pennsylvania from Loan Cheetah

We Have Title Loans Johnstown Residents Can Borrow Today

There are two main types of loans the average consumer can take out:

  • Unsecured Loans
  • Secured Loans

Unsecured loans are issued based on one's credit report and verification of one's past employment history as well as current sources of income. There is nothing tangible that is typically held as collateral for these types of loans. Therefore, loans of this nature are typically only issued to people with good credit, a good employment history, and a reliable source of sufficient income. They must be able to demonstrate to the banks that they are at low risk of defaulting on the loan.

Secured loans are issued using a tangible entity as collateral for the loan. In other words, if the borrower were to default on their loan, the lending institution would reserve the right to repossess or take ownership of the item being held as collateral for the loan. This type of loan is more secure, and therefore lenders are more willing to issue loans of this nature to people who have poor credit or who do not have a strong financial track record in terms of income or employment.

Both types of loans are fraught with risks for the lender, but the latter may prove to be a viable alternative for people who might otherwise be unable to obtain an unsecured loan, for whatever reason.

Types of Title Loans Johnstown Lenders Can Issue

Car title loans fall under a special category of secured loans. Using the equity in your car as collateral, a lender will issue you a loan up to the amount of the vehicle's retail value.

For example, if your car is worth $3,000, then the lender can loan you up to $3,000. Because this is a secured loan, as part of the loan agreements and terms, the lender will hold the title of ownership to your vehicle, as collateral for the loan. This basically means that if you were to default on your loan then the bank has to right to keep your car in lieu of payment, and resell it, in order to recoup the money it would have otherwise lost by lending it to you.

How much your car is worth depends on various factors, such as its year, make, model, style, options, mileage, as well as on the condition of the are, its repair and its accident history. As long as the car is in fair enough condition to hold a retail value commensurate to the amount of money you wish to borrow against it. Even if the car was repaired or rebuilt title loans online are still an option.

Your Title Loan Options

Whether you have filed for bankruptcy in the past, you have been late on your credit card payments, or you have defaulted on your mortgage, companies that issue loans against vehicle titles are able to overlook these blemishes on your credit report, and issue you a loan. Loan Cheetah has the best title loans in Johnstown, and the best title loans in Pittsburgh in particular.

So What's The Catch?

The only condition for obtaining auto equity loans online is that your car must be paid off in full. There must be nothing owed on it. Unlike a house, where you can get a second mortgage on it even while the first one hasn't been paid in full yet, with a vehicle title loan, you cannot have an outstanding loan or lien against your vehicle.

So what are you waiting for? We have the best title loans in Johnstown!

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Ready to get started?

Begin with our simple application form, or call us.



This is a solicitation for a loan. This is not guaranteed offer and requires a complete and approved application. Title-secured loan amount subject to vehicle evaluation. Results and actual amounts may vary. Certain limitations apply.

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