Alabama Title Loans, Inc. – 2233 E South Blvd
4.9
(360 reviews)
Alabama Title Loans, Inc. is a consumer finance company operating in Alabama, offering short-term financing products tied to vehicle titles. The organization presents itself as a network of title loan storefronts across the state, with regional offices and a centralized parent entity, focusing on rapid cash solutions secured by vehicle titles. Its history traces back to the 1990s as part of the broader title loan industry in the southern United States, evolving through multiple corporate affiliations designed to streamline underwriting and funding channels.
Primary activities center on title pawns and related payday-style loans, with underwriting tied to vehicle valuation and borrower credit considerations. The company emphasizes quick intake and funding processes, often marketed around swift approvals and on-the-spot cash dispensation, while maintaining compliance with state lending regulations. Operationally, it appears to function through a multi-location footprint within Alabama, enabling access to customers across urban and suburban markets. This structure supports its core mission of providing alternative liquidity options for individuals facing urgent financing needs.
Sources & References
Alabama Title Loans, Inc. | BBB Business Profile | Better Business Bureau
https://www.bbb.org/us/al/mobile/profile/consumer-finance-companies/alabama-title-loans-inc-0463-14731/addressId/3098
Not BBB Accredited. Consumer Finance Companies in Mobile, AL. See BBB rating, reviews, complaints, and more
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https://alabamatitleloansinc.com/consumer-disclosures
Alabama Title Loans, Inc. | BBB Business Profile
https://www.bbb.org/us/al/saraland/profile/title-agent/alabama-title-loans-inc-0463-14731
Not BBB Accredited. Consumer Finance Companies in Saraland, AL. See BBB rating, reviews, complaints, and more
Map Location
Services this business provides
Loan agency
Car finance and loan company
Contact Information
Address
2233 E South Blvd, Montgomery, AL 36116
Phone
(334) 28-87-181Website
alabamatitleloansinc.comFrequently Asked Questions about Alabama Title Loans, Inc.
Alabama Title Loans, Inc. operates a storefront at 2233 East South Boulevard, Montgomery, AL 36116, offering title pawns and payday loans to residents in Alabama. The business was incorporated in 1994, with its local BBB file opened in 1997, indicating a longstanding presence in the state’s consumer-finance sector. For detailed licensing status, corporate history, and consumer concerns, see the BBB profiles and MapQuest listing for the Montgomery location .
Title loan companies in Alabama operate by using a vehicle title as collateral for a short-term loan, typically with high fees and interest. They are regulated under state law, licensing requirements, and a pawn-style framework that governs loan terms and protections for borrowers.
Key points
- Loan structure:Borrowers pledge their vehicle title; loan amounts are tied to vehicle value; repayment includes principal, interest, and fees; terms are short and may include renewal options.
- Regulation:Lenders must be licensed and follow Alabama Pawnshop Act guidelines; the Alabama State Banking Department oversees compliance and consumer protections.
- Costs and risks:Expect origination and processing fees, potential late penalties, and risk of vehicle repossession if terms aren’t met; borrowers should compare terms and seek full disclosures before signing.
For more details on specific lenders, consumer disclosures, and FAQs, visit Alabama Title Loans Inc. pages and state-regulation resources.
Key points
- Loan structure:Borrowers pledge their vehicle title; loan amounts are tied to vehicle value; repayment includes principal, interest, and fees; terms are short and may include renewal options.
- Regulation:Lenders must be licensed and follow Alabama Pawnshop Act guidelines; the Alabama State Banking Department oversees compliance and consumer protections.
- Costs and risks:Expect origination and processing fees, potential late penalties, and risk of vehicle repossession if terms aren’t met; borrowers should compare terms and seek full disclosures before signing.
For more details on specific lenders, consumer disclosures, and FAQs, visit Alabama Title Loans Inc. pages and state-regulation resources.
Community Loans of America affiliates have faced regulatory scrutiny and enforcement actions, including a civil investigative demand filed by the Consumer Financial Protection Bureau (CFPB) related to Community Loans of America, Inc.. In Alabama, state regulators oversee consumer credit and title loan activities, with statutory/regulatory actions published by the Alabama Department of Banking and Consumer Affairs and related Bureau of Loans guidelines. For current, specific actions involving any Community Loans of America affiliates, consult the CFPB enforcement page and the Alabama Banking Department’s regulatory actions database.
Title pawn lenders in Montgomery offer fast cash using your vehicle title as collateral. Typical services include: title pawns up to a specified amount, quick in-store or online applications, flexible repayment options, and potential extensions or renewals if needed. Some lenders also provide payday loans and online account access for payments and status checks. For specifics about Alabama Title Loans, Inc. at 2233 E South Blvd, Montgomery, contact the location or visit their site. Always confirm terms before agreeing.
Common licensing requirements for payday lenders in Alabama include obtaining a license from the Alabama State Banking Department – Bureau of Loans before engaging in consumer loans or small loan activities. Applicants must submit a formal license application, demonstrate unencumbered cash assets (often at least $10,000 for operation), and pay required investigation and license fees. Each location may require its own license, and ongoing compliance duties apply, including disclosures and advertising restrictions. For specifics, visit the Alabama State Banking Department’s Small Loan Act resources.