Los Angeles Title Loans
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Car Title Loans In Los Angeles - How They Work

A car title loan from California Title Loans can be an efficient way to borrow cash when you can't qualify for a traditional unsecured loan. In Los Angeles, you can get pre-approved online and expect a funding decision based on your vehicle's value and monthly income. Loan amounts in LA start at $2,500; some customers can qualify for amounts up to $20,000 with well-qualified cars and trucks that are fully paid off. The cash you receive is secured by your vehicle, and some customers can use up to 60% of their vehicle's equity as collateral.

One of the best-selling points of these loans is that you don't need excellent credit to get approved. Many of our customers have FICO scores under 650, which is why a title loan can be effective when you need cash. Instead of using your credit score to underwrite a loan, we focus on the equity in your vehicle!

Car Title loans are available from many lenders in Los Angeles, so it's best to shop around and get multiple quotes and payment options with local companies. Anytime you apply with a lender in person, you'll have the chance to get your funds in as little as one business day, and you may feel more comfortable working with a local company in Southern California, as opposed to one that operates entirely online.

What Are The Requirements

To process your application for a car title loan in Los Angeles, we'll need your car's title, income verification, and driver's license. Some companies will also request comprehensive insurance coverage, the most recent smog check results, and vehicle registration in CA.

California Title Loans can take your application online or over the phone at 855-339-1001. It takes 30 minutes to get a quote with an estimated loan amount, APR, and repayment terms. The last step is to inspect the car or truck at any licensed inspection office in LA County. Do you live in Hollywood or Santa Monica? If so, you should have no issues finding a local inspection location! Upon passing the vehicle inspection and signing the loan documents, funds can be sent directly to your checking account via direct deposit or picked up in person at any SoCal location.

Credit Requirements For A Los Angeles Title Loan

People sometimes think you need good credit to get a car title loan. That's typically the case with unsecured loans, but title loans offer the chance to borrow $2,500 or more with minimal credit check and a shorter processing time! When you apply with California Title Loans, we'll verify your identity, confirm your vehicle details, and review your recent borrowing history. Even if you've missed some recent credit card payments, you should pre-qualify for a title loan in Los Angeles if you own a vehicle that's in good shape.

What's more important than your credit score is the amount of equity you have in your vehicle. The car's value will far outweigh your FICO score, and anyone with a newer, fully paid off vehicle should be able to qualify for a bad-credit title loan!

Loan Amounts In Los Angeles

Funding for online car title loans depends on your car's comparable resale value and monthly income. To determine your car's or truck's worth, seek an appraisal from a licensed dealer or submit your odometer reading and VIN online to get a vehicle valuation and title loan quote.

Once you estimate your vehicle's value, you can apply for car title loans in Los Angeles. Licensed lenders will loan you up to 60% of your car's value, but there are circumstances where you can pull out even higher amounts of your vehicle's equity value! That means a car or SUV valued at $5,000 could lead to $2,500 or more funding. In some parts of California, funding amounts can approach $20,000.

Gather your vehicle information and contact the customer service agents at California Title Loans. We'll work to get you an initial estimate quickly!

What are the repayment terms and interest rates for car title loans in LA?

The rates and terms depend on your lender's lending limits and other underwriting requirements, but most title loans in Los Angeles range from 12 months to 48 months. Some companies offer repayment terms of longer than three years. But at that point, repaying the balance with the compounding interest charges becomes difficult.

In Los Angeles, interest rates range from go up to 36% for title loans between $2,500 and $10,000, and some companies offer rates above 36% for loans over $10,000. Remember that you can repay your loan early with no pre-payment penalties. Even if you have a high interest title loan, the finance charges won't be much of an issue if you pay off your loan within the first couple of months.

Your APR will be higher than what's typical with unsecured lenders. A title loan is high risk; most companies don't check credit and instead focus on the vehicle's collateral. Even though the rates are higher, secured loans can be a decent choice for people who can't qualify for personal loans and for those looking for higher loan amounts.

Consider A Refinance Or Buyout With California Title Loans

Do you have a car title loan with another Southern California title loan company? Or are you trying to get new terms and payment options for your existing loan? You may want to consider a refinance or buyout with California Title Loans.

Qualify for a title refinance with a lower monthly payment or a more manageable interest rate. A buyout occurs when a new lender pays off your outstanding loan balance, and you start making payments on a new loan. Whatever route you choose, it's best to see if you can improve your rates and get a quicker payoff.

Apply For A Title Loan In LA With California Title Loans

We offer access to cash for anyone with a paid off vehicle, whether you live in Culver City, Hollywood, or Crenshaw! Get qualified today for a loan of $2,500 or more with your vehicle's title and residency verification! Apply online or call 855-339-1001 for pre-approval with a title loan in Los Angeles, CA!

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