California Title Loans

California title loans are a type of short-term loan where the borrower uses their vehicle title as collateral. They are typically used by individuals who need quick cash and have poor credit.

To get a California title loan, you need to own a vehicle outright. The lender determines the loan amount based on the value of the car. You will have to surrender your car title to the lender, who will hold it as collateral until the loan is repaid.

Yes, title loans are legal in the state of California. However, the state has specific regulations in place to protect borrowers, which lenders must comply with.

In California, title loan amounts can range from $2,500 to $25,000, but the exact amount depends on the value of your car and your ability to repay the loan.

The interest rate varies depending on the lender, but due to the high-risk nature of the loan, rates can be extremely high — often exceeding 100% annually.

Yes, since title loans are secured by your car, most lenders do not require a credit check.

If you fail to repay your loan, the lender has the right to repossess your vehicle and sell it to recover their loss.

Repayment terms vary, but typically range from 15 to 30 days.

Yes, you typically can keep your car while repaying a California title loan as long as you meet your repayment obligations.

Yes, you can usually pay off your title loan early without penalty, but this depends on the specific lender’s policy.

Yes, some lenders offer online title loans. You may need to provide pictures of your vehicle or have it inspected.

Requirements may vary by lender, but generally, you will need a clear vehicle title, a government-issued ID, proof of income, and proof of residency.

In many cases, you can get a title loan the same day that you apply.

Legitimate lenders should have secure websites and adhere to state and federal privacy laws.

Yes, if you cannot repay your title loan by the end, you can often roll it over into a new loan, but this will lead to more fees and interest.

Yes, alternatives can include personal loans, payday loans, credit card cash advances, and borrowing from friends or family.

Yes, some lenders in California will offer title loans on motorcycles.

Generally no, as most lenders require a clear title. However, some lenders might be willing to pay off your existing loan and add that amount to your new title loan.

Yes, but the Military Lending Act provides certain protections and limits the annual interest rate that can be charged.

Yes, some lenders will approve a title loan if you have another source of regular income, such as unemployment, disability, or retirement benefits.