How Do Car Title Loans in California Work?
A majority of loans take into account credit score, financial statements, and other considerations. The lender looks at these factors to determine eligibility and how much money to lend. Certain types of loans allows the borrower to use equity in their property such as their house as collateral to secure their loan. By using their property to secure the loan, the borrower can benefit by becoming eligible for loan terms they couldn’t get with an unsecured loan. Title loans utilized the equity in your car, motorcycle, or RV as collateral.
Title loans are cash loans which use the value in your vehicle to secure a loan. California title loans are limited to a minimum loan amount of $2,510. Many loans are meant to be used to make a specific purchase, such as buying a house or for operating expenses for a business. The money from a car title loan can be spent by the borrower for any purpose. If you own a car you qualify for an auto title loan in California. Give us a call at (866) 553-3840 or visit one of the locations near you to begin your application now.
California Title Loan Requirements
Because title loans are a secured loan, the usual qualifications like credit score do not have as much of an impact on eligibility and terms. While these factors are still evaluated, they don’t hold as much as weight.
To qualify for a loan at LoanCenter you will need:
• The loan amount must be the state’s minimum loan amount of $2,510 or greater
• The value of the vehicle must be greater than the amount of the loan
• Must demonstrate how the loan will be repaid.
Once you receive a title loan, you have access to your car the entire time you repay your loan. Spend the loan amount for any purpose you need, drive your car the entire time you repay your loan.
As a responsible lender, we do look for proof of our customers’ ability to repay the loan. Looking at factors like current income and employment, allows us to verify that our customers have the ability to make the monthly payments. But being unemployed will not automatically disqualify you, give us a call now at (866) 553-3840, to get your application started today.
Or simply fill out some basic information on our online form, and one of our loan officers can give you a free estimate on how much money you qualify for. Once you submit the form, a LoanCenter loan officer will contact you shortly.
LoanCenter offers title loans all over California in cities such as Los Angeles, Inglewood, La Verne, and more.
Why Choose LoanCenter
LoanCenter has over a decade and a half of experience with car title loans. We adhere to the following 3 ideals:
We work hard to accomplish our purpose everyday: help people having financial situations get assistance with money. We are one of the leaders in the industry, and we always provide our customers with transparency, and we explain all the details of the agreement.
If you need assistance with a reliable title lender, LoanCenter is here for you.
We understand that life is difficult and sometimes there can be financial issues. Everyone can have problems here and there. That’s why we are committed to making sure our customers can get the money they need, as fast as possible.
California Car Title Loans
Receive your cash fast! Apply today!
To get started just fill out the form on this page. We are amongst the leaders in the industry with rates starting as low as 35.99%* APR for qualified California residents.
Do I Need a Car to Apply?
LoanCenter offers title loans for a variety of vehicle types. Of course we offer title loans in multiple locations in California.
Additionally we offer title loans using motorcycles and RVs as well. By using the equity in your RV or Motorcycle as collateral, you can qualify for a loan as soon as today.
If you already have a car title loan, you could potentially benefit by refinancing with LoanCenter. We can potentially help lower your monthly payments, lower your APR, or get you more money. Additionally refinancing with LoanCenter could potentially help your credit score. Find out more by speaking to a loan officer now.
I Have More Questions
LoanCenter is committed to providing answers to any questions regarding our title loans. There are a few options you can choose to find more answers.
Try stopping by our Frequently Asked Questions page to find more answers online right now. Or just fill out our form above, or give us a call at (and a loan officer will reach out to you shortly to answer any questions you may have.
*Subject to specific underwriting criteria and ability to repay. In order to qualify, customers must have a 680 FICO score or greater. Principal amounts are $2,510 or based on state minimum. Other restrictions apply. Not all applications will be approved.