Our team of lending professionals provides in-depth posts covering a wide range of topics related to car title loans in California. Whether you're curious about how car title loans work, what alternatives are available, or how much you can borrow, we've got you covered. We discuss everything from the benefits and risks of using your vehicle as collateral to the importance of considering your financial options before applying. We also feature insights into the specific requirements for a car title loan in California, including equity requirements and state regulations. Use these blog articles to make an informed decision about car title loans. Have questions? Call us at 855-339-1001 for guidance from a California-licensed title loan broker.
31Mar2021
You don't need a good credit score to be approved for car title loan in California. Since you use the equity in your vehicle as collateral to get a car title loan online, the lender cares more about your car's condition than if you have bad credit. You'll still want to work to improve your FICO score by showing an ability to repay the loan balance. By improving your score, you may avoid high interest rates and have the chance to get better terms with a personal loan from a bank. [...]
16Jun2022
You can borrow much more with a title loan than you'd ever get with an unsecured lender. That's because your car's resale value is the collateral for a title loan, and lenders are more willing to offer high loan amounts with security backing up the loan. The title loan value of your vehicle starts at 40%, and some customers can borrow up to $20,000 in California. [...]
20Jun2022
Are you considering a title loan refinance to lower your existing loan's monthly payment and interest rates? Many companies in California will refinance your current repayment terms and bring down the interest rate to a more manageable level. Contact your lender to see if they can refinance your existing car title loan. [...]
24Aug2022
The documents and paperwork required for a title loan are far less than expected. Most lender requirements for title loans consist of your car's title and employer information. The application process can be done online or in person, and we often see approval in a few hours. Sometimes your lender will let you pick up funds in as soon as one business day. So, you can have cash in hand for your car title within a few hours if you know what the lender requires. [...]
25Oct2022
Cash out equity from an older vehicle and use it as security for a title loan. Classic car title loans can be an effective way to borrow money a high value older vehicle as collateral. Some title loans on classic cars from the 60s and 70s can lead to loan amounts that approach $20,000! [...]
08Dec2022
Anyone facing a scenario where they can't afford the monthly payment on their title loan may want to consider a buyout. With a title loan buyout, you can save a large amount of money by lowering the monthly payment and interest rate on your loan. Buyouts are also an option if you're behind on your payments and want a fresh start with a new lender. [...]
21Dec2023
Are you facing an imminent default on your title loan? Is your lender threatening to repossesses your vehicle? You have rights in California and there are certain regulations a title loan company must follow to legally repossess a car or truck. [...]
23Apr2024
Do you own a vehicle with a salvage title? Sometimes, you can borrow cash using a rebuilt title as collateral. Like a car title loan, you don't need good credit and loan amounts start at $2,500 in CA. Most salvaged vehicle's can qualify as security for a title loan in California. [...]
09May2024
Chapter 13 Bankruptcy can be a great way to get rid of your unsecured debt, but declaring bankruptcy also make it hard to qualify for any type of loan for years after the fact. Some of our customers apply for a title loan while in active bankruptcy proceedings and most will not be approved. Find out what you can do to get a title loan regardless of your past bankruptcy or credit issues! [...]