Why Apply For California Title Loans In Fullerton, CA
It's easier than you think to get a title loan in Fullerton. California Title Loans has you covered whether you apply online or in person at any of our locations in Orange County. All you need to get approved is a lien free vehicle, and most customers can qualify for same day funding with a vehicle worth $5,000 or more.
We make it easy to get approved online, and the best part is that you don't need excellent credit to qualify. We'll ask you about the loan amount you're looking for, a few specific about your vehicle, and your income status. Once we underwrite your application, we'll then look to get you pre-approved for a title loan with funds sent to your bank account in one business day!
Requirements For Fullerton Title Loans
Other than a vehicle titled in your name, we'll need proof of income with pay stubs from your employer or bank statements showing you make enough money to afford the payments. A few lenders may ask for registration documents from the DMV and they will want to see that your vehicle is properly insured.
One thing you won't have to do is hand over your car as collateral for the loan. With any title loan in Fullerton, you can keep driving the vehicle, and no lender in California will ask for your keys as collateral. Instead, they'll want you to sign over the car's title to them and they will serve as the lienholder for your vehicle while you make the monthly payments. Repay your loan on time and don't default, and you'll get the car's title back.
Credit Checks For Title Loans In Fullerton
Since your vehicle's equity secures title loans there's typically little emphasis on your credit score when underwriting a loan. Instead of requiring a FICO score of 600 or better, your lender wants to know what your vehicle is worth and how much money they can sell it for if you ever default on the payments.
Apply with California Title Loans and we'll match you with a local lender in Fullerton. Yes, they may run a brief credit check, but they'll be more focused on your car's title loan value and not your credit score. We work with customers all the time who qualify for secured loans even with poor credit scores!
Repayment Period & Interest Rate For A Fullerton Title Loan
Any lender offering title loans in Fullerton will be subject to state laws that regulate short term lenders. That means they can't charge interest rates above 36% for title loans under $10,000 in CA, and you typically have a set term for when you can repay your loan. While each lending term differs, you can expect to repay this loan in 4 to 36 months. Some customers repay their loans quicker, meaning less interest and a quicker payoff time!
Are you wondering how much money you can borrow with a title pawn in Fullerton? The exact loan amount often comes down to the equity in your vehicle. Resale values here in Southern California are relatively high and you should be able to pull out 60% or more of your equity with a title loan. The minimum loan amount is $2,500 and some customers can borrow up to $20,000 if they have a newer vehicle with low mileage.
Contact California Title Loans to get a real time estimate of how much your vehicle is worth and what you can expect to get with a title loan online.
What Else To Know About Fullerton CA & Why You Should Consider A Title Loan
Fullerton is one of the largest cities in Orange County, and the current median income is $34,916. While that amount seems high compared to the rest of the county, it's quite low when stacked up to other cities in Orange County. A larger reason for this is because Cal State Fullerton is located within the city limits and many of its students are counted in the official city population. Most college students will not need a title loan, but these secured loans can be an option for those with equity in their vehicle and can't qualify for a traditional loan.
Another reason title loans are popular in Fullerton is that the cost of living and home prices are extremely high. These higher home values mean it costs more to rent and as of 2023, the average rent comes in nearly double what's typical across the county. Homes cost well over 1 million in areas of Fullerton like Sunny Hills and Coyote Hills, and we hear from customers in those areas all the time who are looking to borrow money.
Contact us at 855-339-1001 to get a title loan quote or apply online to see how much you can borrow!
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