It is good to know what is required to get your title loan. We will explain your title loan requirements here and help you get the fastest title loan. By now, you already know that life is full of uncertainties. And most times, these uncertainties are characterized by unexpected expenses. Rather than fall into the trap of worrying because of your financial predicaments, you should opt for a car title loan as a way to get that financial support you need.
Car Title Loans California is here to assist you with funds in times of urgent and critical financial needs. With our fast, easy, title loan requirements, you are sure to get the funds you need without a fuss. Even if you are perplexed right now about what exactly a car title loan is or what is needed to get one, you have come to the right place. Here, we will be focusing on providing you with all the vital information you need to know about car title loans, the application process, and all the requirements. Just sit back, relax and read through. You will find this post very helpful.
Car Title Loans California can give you a car title loan even if it is still being financed or you have a few payments left…
The answer is yes, but you have to make sure the car title loan is paid off before you will be able to transfer the title to the new owner.
Table of Content
Have you come to a decision on getting a title loan? Are you considering applying for a cash advance using your automobile title but not too certain about what the title loan requirements could be? Well, that is why we are here. In this article, we will be explaining every necessary detail you need to have available to apply for a title loan and get a fast car title loan approval.
Let’s briefly look at what a car title loan is and how it works. A title loan or an auto title cash advance or pink slip loan is a funding option that gives you the opportunity to receive a loan amount by simply tendering the title of your car, vehicle or motorcycle in exchange. You can also get this cash advance with the equity value in your car.
Title loans are legal in some states of America and completely disallowed in other states. According to Investopedia, some states in the US allow title loans directly, while some others only permit this form of loan system due to loopholes in the state laws. However, different title lenders function with different policies.
Of course, there are several other options of getting a cash advance, but a title loan is the only option that gives you the money fast, without any stress or complex documentation. It only takes a couple of minutes, 24 hours tops, to walk back home with the cash you need in your pocket. The requirements for getting a title loan are also easy and simple as the process itself. A car title loan is a form of a secured loan. Meaning that your title is what stands as the collateral. However, unlike loans from banks or any form of a credit bureau, the requirements are simple and straightforward. Mainly the basics. You don’t even need to have a good credit score to get a title loan against the value of your car or vehicle. Read more at https://www.consumer.ftc.gov/articles/0514-car-title-loans
We’ve been in the business for over 20 years now, and we can confidently tell you that as long as you are of legal age according to California laws, own a car with a clear title in our name and are not currently bankrupt, you are eligible for an auto title loan with us. However, beyond just your car and a pink slip, it takes a couple other simple but necessary requirements which you must have available to get approved. Before we give you the full title loan requirements, let’s have a look at how you can get this car title loan.
Before we talk about title loan requirements, you need to know how you can get a car title loan. Have you decided to get a title loan, the first thing you need to do is approach us to kick-start your application process? It only takes, three simple steps to get a car title loan with us; apply, provide the necessary documents, and finally, collect your cash.
At this stage, what you will be doing is to provide all the necessary documents and paperwork. After filling out the application form, you will receive a call from one of our car title loan representatives who will guide you through the rest of the process, and unto the final step.
This is the final stage that leaves a smile on your face. Before this stage, you may also need to provide some documents that will confirm your eligibility and facilitate the title loan approval. To receive your cash, you must have provided us with all the requirements and also gotten approval. And now, to the title loan requirements, you will need to get a title loan from us.
Getting a car title loan with us has never been easier. Compared to the rigorous process associated with banks and other traditional lenders, the application process with Car Title Loans California is simple and concise.
You can get an auto title loan with us even if your credit history and current credit score is not that impressive. Our interest rates are quite competitive, no hidden charges whatsoever, and you get to keep your car while taking out the loan. Now, moving on to what you need to get an auto title cash advance from us, below are the title loan requirements.
Whether you come to us in our office, over the phone, or via our online application form, we will need to have your basic bio-data. We will need you to give us your full name, e-mail, phone number. This data will enable us to include your details to our customer database for effective service delivery and communication.
These two requirements are more like your ticket to qualify for a pink slip loan. This is why we want to ensure that the car or vehicle you are presenting is sound and in perfect road condition. Also, the collateral – your car title must be in your name. if you only have a certain amount of equity in the car, we can still consider you for the loan, provided your equity in the car is enough. After a brief inspection of your car, we will hold on to your car title and hand over the loan sum to you. As long as you diligently make your payments, you keep possession of your car.
As you already know, car title loans are not permitted in every state in America. However, California is one of the states where title loans are permitted. Since we are licensed to operate within California, we will want proof that you reside in the state before we can give you the cash advance. We could even use this document to verify your identity. There are several documents you can provide to confirm your residency. Documents like; a phone, internet or cable bill, a bank statement indicating your name and address, any legal lease agreement showing your name and address or even a receipt from your landlord will get the job done.
This is a vital stipulation if you must receive a title loan from us. We wouldn’t want to give you a loan knowing that you won’t be able to repay the loan. Neither would we want to put you in the worst situation than you were when you approached us. This is the reason why we want to be sure that you have a viable means of paying off the loan, be it a regular salary, benefits, or a functioning business. This document of proof could be in the form of a paycheck showing your monthly income, your monthly bank statement, a paycheck stub. This does not mean you can’t get the loan if you are unemployed. Since we don’t consider your current credit score, we just want to be sure that you have the financial backing to support the loan so you don’t wind up in a debt cycle.
Although we do an inspection of your car, we will also require you provide us with photos of your car to help us evaluate your car’s condition before the actual inspection. The photographs you will provide should show the interior and exterior of your car, including the mileage reading of your odometer. We check the mileage to determine the actual current value of your car so that we can evaluate and reach the maximum loan amount that you are qualified to access.
We would also need to see any form of identification, not just to verify your identity, but to see that the details you are providing are consistent with what we find on your other documents. A valid government issued ID will also help us verify your age as well. The means of identification could be either a driver’s license, an international passport, a military ID or any other state-issued ID.
We will need you to provide about five references to support your application. We will need the names and contact details of these references (3 personal and 2 Professional references). These references will also be like guarantors in case you begin to face difficulty in repaying the loan. And we only ask your references to confirm if they know you.
So there you go. All you need to know about car title loan requirements. Once you are of legal age – 18 years, and have a valid government-issued ID, you can get a title loan from the best car title loan lender in California. With your car or vehicle, a clear car title in your name, and a proof of income, you are qualified for an auto title loan. You mustn’t be employed, under a regular salary. You also don’t need to have perfect credit. As long as you meet all the above car title loan requirements, you can get the car title cash advance. We have professionals and experienced title loan officers that will ensure you enjoy the benefits of applying for a pink slip loan.
If you meet all these requirements, then do not hesitate to apply today. Access our online application form, or approach our officers in any Car Title Loans California near you to get started. Learn more at https://www.thebalance.com/car-title-loans-315534