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Find the Best Car Title Loan Company in Los Angeles
Are you looking for the best car title loan company in Los Angeles?Do you have a financial emergency? Do you have medical bills, car repair, home repair, mortgage payments, pay rent or is your car impounded? All of these are good reasons why you would have a financial emergency.
At Car Title Loans California we are here to help you get your emergency money loan, we have been helping the residents of Los Angeles with their auto title loans for over 24 years now.
This article will help you get the best title loan company in Los Angeles.
How Do Car Title Loans Work?First of all, we would like to explain how car title loans work, so you can understand the whole process. We provide our clients with as much information as possible about car title loans. We have other articles on our blog, so please visit it and it may answer some other questions that you might have. Car title loans go by a few different names, auto title loans, pink slip loans, title loans, car collateral loans, auto title pawn and vehicle equity loans. All of these are the same product. All of them use the equity that you have in your car to get a loan. Car title loans will use the equity that you have in your vehicle paid for or not. When we do a car title loan, we will book the car with Kelly Blue Book to find out how much we can lend to you. We will see what the wholesale value is on your car and then we can let you know over the phone, how much we will be able to lend to you. We are able to lend up to 85% of the wholesale Blue Book. We have a very aggressive advance rate, so we will always try to get you the most money for your car, truck, van, SUV, RV, motor home, commercial truck, taxi or any other kind of vehicle. When we give a pink slip title loan, we need to make sure that there is enough equity in the car, before we can lend you any money. Our car title loan calculator will work out the dollar amount that we can lend and get you the most money in your pocket. When we are looking out a car we need to look at the loan to value ratio. We need to make sure that if we have to sell the vehicle, that there will be enough equity left in the car to cover what is owed to us.As your auto title loan is secured by the equity in your car. There are other things that go into giving you a car title loan in Los Angeles.
Here is the list of the deciding factors on how much you can qualify for.
- Your monthly income. For you to qualify for our minimum loan, you have to be able to show at least $1,200. If you are unable to provide us with the income requirement, then we will need a co-signer for you to qualify to provide us with more income.
- We will need to see proof of your residence. A lease agreement, mortgage bill or any utility bill going to your address.
- Your insurance information is needed, we will contact your insurance company and we will add our names to the policy as the loss payee. This will protect you and us if anything should happen to the vehicle, the insurance will pay us off and you will not be liable for your balance on your car title loan in Los Angeles.
- Running your credit with Experian will give us the full picture of your credit. We are not basing our approval on your credit score but, it will let us know if there are any current bankruptcies and your payment history.
- Your score is not important to us. What we do look at is that you are paying your creditors. If you have medical bills and tax liens, that has really hurt your credit score, we will not count that against you.
- Personal references are needed for the approval too.
- Your vehicle will also decide on how much you will qualify for. So the year, make, model and mileage are needed. Remember all of our car title loans start at $2,500.