Frequently Asked Questions About Car Title Loans in California
What is a car title loan?
A car title loan is a loan where you borrow against the equity in your vehicle. Your vehicle serves as security for the lender.
If I get a car title loan, do I get to keep my car?
Yes, you keep your vehicle to drive during the term of the loan. Among other requirements, you must make scheduled monthly payments, keep the vehicle insured, and notify the lender of a change of address. You should never agree to a contract you do not believe you will be able to keep.
How much money can I borrow?
You can borrow from $2,600 to $20,000 depending upon the value of your vehicle.
What if I already have a car title loan?
Then the news is good. With a good payment history, you could lower your monthly payments.
Do you charge any fees to apply for a loan?
No. If you do not want the loan for any reason, there is no charge. If you agree to the terms of the loan and accept the funds, we charge an administrative fee of $75 and a $15 lien transfer fee paid to the state.
What is the “Loan Application Process?”
The loan process includes filling out an application, taking photos of your vehicle, making copies of pay stubs, and copying other documents. Each lender's requirements are different. We are experts at processing loans quickly.
How long does it take to get my money?
It depends (mostly) on you. Most loans can be completed within 24 hours from first contact to funding. Some loans may be completed and funded within a few hours.
May I payoff my car title loan early?
Yes. There is no penalty for early payoff.
My credit is terrible. Will my credit be checked?
Not without your permission. When an associate contacts you, make it clear that YOU DO NOT WANT YOUR CREDIT CHECKED if this is a deal breaker for you. Credit score is only one factor of many that we consider. If this is a problem for you, just let us know.
I do not live in California. May I apply for a loan?
No. At present we are only licensed in California to lend to California residents.