How To Get A Title Loan In California
Apply For A Title Loan Online
There are a few different options available to you when you apply for a car title loan in California. You can fill out your info online through this website or call the number provided. The online application will take about 15 minutes to complete. Once you submit the application you will receive a follow-up call to confirm if you have been approved and the loan amount. If you decide to call in you can expect the call to last a similar amount of time.
Easy Documentation Process
You may have to submit a few documents after you complete the online application. These documents can include a copy of your California driver's license and pink slip. Some companies that provide loans online may want to verify your employment status and credit history. This underwriting process is quick but issues can arise if the vehicle is not completely paid off or if you have past bankruptcies or current title loans outstanding.
Get Your Money Today!
The process of getting cash for your vehicle in California couldn't be simpler. Once the title loan docs are verified and the car is inspected you can expect a final approval within a short amount of time. Upon the lender signing off you can generally ask for your cash within one business day. The lender will need to take possession of your pink slip and verify the vehicle's condition. This process can sometimes be done in person when you pick up the cash.
Here at California Title Loans, we know what it takes to get approved for online financing here in California. We've all been in a situation where we needed cash in a short amount of time. We understand the need for online title loans and it shouldn't be difficult to be approved. Our site is geared towards consumers in California and we can get you qualified for the amount and terms you deserve. Feel free to explore our site and use the many resources that are available to you. Don't hesitate to ask a question about secured loans, or leave feedback on how we can better help you.
Get Help With Fast & Simple Car Title Loans
It shouldn't be difficult to be approved for an auto title loan in California. It helps to know how the process works and what you can do to increase the odds of approval. That's where we come in. We can help local residents better understand what it takes to get approved. Underwriting for car title loans is much different from if you were looking for a payday loan or cash advance. The approval process is much easier once you know what lenders are looking for and what they need. Use our lending resources to increase your knowledge about everything related to online lending in California. We can get you approved for a title loan near you!
California Car Title Loans
Title Loans In California - Common Questions
Where in California can I find car title loans near me?
You have options when it comes to getting a car title loan near you in California. You can apply online for a loan amount that's based on your vehicle's equity. Or call in and speak to customer service. You can also submit an application for a secured loan with a lender that's near you. Then decide on the minimum loan amount and the ability to repay each month.
What documents do I need when applying online?
It's most important to grab your vehicle's pink slip. You'll also need your driver's license information and relevant vehicle information. Some companies will require information that relates to any past loans and current employment. Be sure to contact customer service about the loan application process to get an exact list of required documents.
Do I need a vehicle to be approved for a title loan?
Yes you will need to show proof of vehicle ownership to get a title loan. It's a problem if you can't find any record that details the current status of your vehicle's ownership situation. Sometimes you can find this information online. Most DMV's in California will let you look up lost details but it could take a while for them to send a car title. Good luck getting an appointment in Los Angeles or the Bay Area! There's always the option to take out an online payday loan if you can't find your vehicle title.
Can I keep my vehicle if I take out a car title loan?
Most of the large title loan lenders will let you keep driving the vehicle. Some title pawn companies will need assurances and may require a GPS tracking device, but typically the pink slip will be enough security for them. They understand you wouldn't be able to get to work and pay back the loan without proper transportation. Check with your lender to make sure this is the case. It's important that you make your monthly payments on time to avoid any chance of losing your vehicle to a repossession.
Can I get a title loan with bad credit?
The good news is that you don't need good credit to qualify for a title loan in California. Online title loans carry high interest rates and fees because you're handing over your auto title as collateral. That's why lenders don't put much emphasis on your credit score history or past lending decisions. You still need to disclose your credit history on your loan application and some firms may still have issues with bad credit. Most lenders will be fine knowing you are actively employed with a clear pink slip.
What's the time frame for an online title loan approval?
Most online title loan companies in California can approve you for a car title loan within 24 hours. This means they will process your application and visually inspect the vehicle. Once they've given final approval you can expect to get money within one business day. Applicants that live in metro areas like Los Angeles and San Francisco can also reach out to various local lenders. By doing this you can meet face to face and possibly get a better understand of how car title loans in California work.
How does a car title pawn work?
A car title pawn functions much the same as a typical title loan where you can get quick money with just your car title. A title pawn lets you get a cash advance and all that's required is you hand over the auto title as collateral for the loan. With most auto pawns we will be noted or authorized as the lien holder and hold on to the title for the life of the loan. Once the title pawn loan has been paid off we will release the pink slip back to you.
What are the income requirements for a title loan?
The minimum monthly income required for a title loan will vary by state. In California it's going to be around $1,500 and can be more for larger loan amounts. You will need to prove that source of income and show employment records or another proof of how you get paid. There are always exceptions to the income requirements and you can substitute with other income sources like retirement or disability.
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