Montgomery Consumer Loans by 1-800-New-Rate
Hours of Operation:
Mon – Fri: 9:00am – 6:00pm
1800 New Rate is a financial service of Motors Acceptance Corporation
1800NewRate offers consumer loans, title loan and title pawn rescue to the residents of Alabama. We have several convenient locations in Birmingham and Montgomery. We are eager to assist with your financial needs, so please visit us today.
Can 1800NewRate save me money on my current title loan?
Yes, by paying off your current title loan and giving you a new loan, 1800NewRate can lower your monthly payments and save you money in interest. According to one of our 1800NewRate store managers, many customers receive a reduction in monthly payments and interest. This allows them to save a substantial amount of money over the course of the loan.
Do I need my vehicle title to secure a loan?
Yes, all of our loans are secured by collateral and we use your vehicle as collateral. To secure a consumer loan with 1800NewRate, individuals must own their vehicle free and clear. Meaning that no loan company is listed on the title.
The one exception to this is our Title Loan and Title Pawn Rescue. Individuals with an existing title pawn can apply for a loan with 1800NewRate even though their car title has the current title loan company’s name on it.
Can I keep my car?
YES, you keep your car! Whether you apply for a consumer loan or Title Loan and Title Pawn Rescue, you keep your car. For Title Pawn Rescue customers, once your loan is approved, 1800NewRate will pay off your current title loan company. This will remove their name as lien holder on the title of your vehicle. 1800NewRate will then be listed as lien holder since the car title is collateral for the loan. But throughout this entire process, you keep your car!
Can 1800NewRate help repair my credit?
Yes! 1800NewRate realizes that title loans are designed to serve consumers with poor credit. In order to help our customers improve their credit, 1800NewRate reports to the credit bureau. This means that every timely payment our customers make is an opportunity for them to build credit.
Get out of that high title pawn today! Apply Now