Title Loans in California

When you’re looking for title loans in California, you are most likely interested in looking online to find a company that can offer safe, fast and easy title loans.

This article is designed to give unbiased info so you can make an informed decision before making a financial decision that impacts mainly you - rather than anyone else! That’s why it’s important to take your time rather than rushing into any of these loans.

A car title loan has a number of features. To get the full low down in case you're at the stage where you're wanting to know how these loans work, please can read here about how title loans operate. Essentially this type of loan allows you to use the equity in your vehicle to get cash fast during emergency titles. California borrowers should always work with a fully licensed and bonded company that provides loans for the amount of money they need. When medical emergencies, home repairs, business expenses or other financial issues arise, title loans in California can really help to save the day and ease one’s stress. The good news is that there are plenty of lenders both online and physical stores based in California that are there to help customers looking for a title loan.

Applying in California

The title loan application is designed to be easy and stress free, although some of the best online lenders are known to be more stress free than others! Most good loan companies can do everything for you over the phone, saving you the need to come into their office. See with modern technology, such are your smartphone, often lenders will allow you to send photos or do a video walk around of your vehicle to get an idea of the condition of the vehicle - saving you time of having to go in to a store. If you're not sure if you lender provides this service, simply ask!

Applying for an in store title loan 

Some people like applying the traditional way, in person. That’s ok, so here we will run you through what you need before you go in store. A title loan is very similar to what is known as a registration loan. The lender is going to need a few things from you though such as proof of income, proof of current auto insurance and registration, a clear title and proof of residency with you too. Proof of monthly income will also be required. Its important that the lender can see that you have the income level to be able to afford such a loan - this is usually in the form of pay stubs however can also be in the form of bank statements showing money going in on a regular basis. A credit check may or may not be required. This is one reason why these types of loans have gained popularity as a way to get a cash when you are in a hurry. Online lenders will also want to know more about the vehicle - namely, what condition is your car in, how many miles has it travelled to get an idea of what your car is worth. That in turn is used to determine the appropriate loan amount that a lender is willing to extend for your title loan.

So How Do I Get One Of These loans?

While a large state, California has some of the highest number of title loan companies per capita than any other state in the US. You can find a number of providers offering online title loans with no inspection. There are two main types of lenders you will encounter, a direct lender and a broker. The difference to you may not even be noticeable but to clarify exactly what the difference is think about it like this. A direct lender lends you their own money, where a broker or indirect lender is lending money on behalf of a different lender or groups of lenders (other direct lenders!). The difference to you would not really matter all that much, what is most important is that you are dealing with a lender that you feel comfortable with and who you like what they have to offer.... I'm talking about interest rate here... wink wink!!.

Tips for the appraisal part of the title loan application

Even if you are applying for a car title loan completely online, there is a part of the application which has a big impact of if you're going to get approved or not, known as the vehicle appraisal. . After they go through the car appraisal process, they will determine what they believe your vehicle to be worth and offer you a loan amount. From there, you and the title loan company or lender located in California will discuss loan terms such as the length of the loan and the interest rate associated with the loan. After this loan is signed and the title is handed over, the funds are given directly to the borrower. The borrower can then keep the vehicle and drive it as they need throughout the loan repayment period.

Many people choose to obtain title loans in California because they do not qualify for traditional bank loans (especially those with less than desirable credit). These quick loans are also processed faster than a regular bank loan and generally have fewer requirements, such as no credit check. The requirements for California title loans depend on the company itself, but generally are:

1. Be at least 18 years old with a valid government-issued ID (minimum age may vary in other states);

2. A clear vehicle title;

3. Proof of monthly income

Advantages of Title Loans in CA

Title loans are convenient, fast and easy which is why they are so popular. They help borrowers to unlock the value they have in their car or motorcycle title and keep them on the road as they repay their loan. Most of these loans are funded quickly. California title loan companies make the process of getting approved easy. This is because these short-term loans are paid back in large amounts quickly. Simply hand over your vehicle’s title and receive your cash. Once your title loan is paid back in full, you receive your title back. When in need of cash fast, consider working directly with a California title loan company today.