Apply For Vehicle Title Loans In Los Angeles & What's Required
A same day loan from California Title Loans can be an efficient way to borrow cash when you can't qualify for a traditional loan. Here in Los Angeles, you can apply online with our site and get an instant funding decision based on your vehicle's value and ability to repay the loan. Loan amounts in LA start at $2,500; some customers can qualify for loan amounts of nearly $10,000 with well qualified cars and trucks. The cash you receive is secured by your vehicle, often much lower than with unsecured loans and payday advances.
Auto title loans are available from many lenders in Los Angeles, so you can shop around and be confident that you'll 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 that same day, and you should feel more comfortable working with a community member in Southern California. Of course, some applicants would instead do everything online, and others would prefer to meet with a lender directly in CA.
We'll need your car's title, income verification, and driver's license to process your application. You'll also need proof of current employment, valid insurance, and vehicle registration in CA.
California Title Loans can take your application online or over the phone at 855-339-1001, and it should take 30 minutes or less to get a quote with repayment terms. The last step is to inspect the car or truck, which can take place at any title loan store near you in Southern California. Upon passing the vehicle inspection and signing the loan docs, you can have the cash sent straight to your checking account or pick it up in person.
What Type Of Credit Score Is Required For A Los Angeles Title Loan
People often think you need good credit to borrow money. That's typically the case with unsecured loans, but title loans offer a chance to borrow $3,000 or more, and, it's likely, we won't even check your credit score! When you apply with California Title Loans, we'll verify your identity and review your recent borrowing history. But even if you've missed some loan payments, you should have no issues qualifying for a title loan in Los Angeles.
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 clean and clear car that's entirely paid off should be able to qualify for a bad credit title loan!
Lending Amounts With Online Title Loan In Los Angeles
Funding for online car title loans depends on your car's comparable resale value and monthly income. Seek an appraisal from a licensed dealer or submit your odometer reading and VIN online to determine how much the car or truck is worth.
Once you estimate your vehicle's value, you can shop for title loans in Los Angeles. Licensed lenders will loan you up to 50% of your car's value, but there are circumstances where you can see 70% or higher! That means a car or SUV valued at $5,000 could lead to $3,000 or more funding. Funding amounts can approach $10,000 in some parts of California.
Funding amounts may be higher or lower than your first quote. Gather your vehicle info and reach out to the customer service agents at California Title Loans, and we'll work to get you an initial estimate within 15 minutes!
Interest Rates For Auto Title Loans In LA?
The rates and terms come down to the individual lending limits for your lender and other underwriting requirements, but most title loans in Los Angeles will range from 6 months to 3 years. Some companies will offer repayment terms of longer than three years. But at that point, repaying the balance with the compounding interest charges becomes difficult.
Interest rates range from 15 to 40% in Los Angeles, and some companies will offer rates above 40% for loans over $10,000.
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. But even though the rates are higher, secured loans can be a decent choice for someone who can't be approved for personal loans and those looking for higher loan amounts.
Pay Off A Car Title Loan - Consider A Refinance Or Buyout
Do you have an online title loan with another LA or Orange County title lender? Or are you trying to get new terms from a lending place in Los Angeles? 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 is when a new lender pays off the existing loan, and you start making payments. Whatever route you choose, it's best to see if you can improve your rates and get a quicker payoff.
Loan Amount With A Los Angeles Vehicle Title Loan!
We offer loans at any funding amount as long as there's sufficient equity in your vehicle. Customers with a vehicle valued at more than $6,000 can qualify for a loan amount of at least $2,500 and some customers can get funded for up to $20,000!
An online title loan is ideal if you need extra cash and own a vehicle that's paid off. Getting started is easy - complete the California Title Loans online application or call 855-339-1001.
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