Title Loans in Baldwin Park, California
A Baldwin Park title loan is an easy way to get the cash you need with your vehicle title instead of credit score in Baldwin Park. To understand how much you can borrow, you may use online vehicle appraisal sites such as Kelley Blue Book. The value of the loan you are given is determined solely on the vehicle you own. Our lenders are determined on getting you the cash you need, all the while keeping it affordable. To begin applying, just fill out the form we provide you online and submit it at your earliest convenience. You can even choose to apply over the phone, open for you 7 days a week!
How Does It Work?
Simply having a vehicle title will secure your chances of getting a loan amount for up to $25,000, despite your credit score! The value of your vehicle is the only factor considered when deciding how much to approve you for. Fill out an online application, get an immediate title loan qoute and find out more about the title loan transaction we can offer you!
Benefits of a Title Loan
Compared to other types of personal loans, title loans California come with their own benefits such as:
- Fast online approval
- Free phone consultation
- All vehicles are accepted
- Simple application
- Matched up with a highly-trained customer service representative
- You can still use your car
- Convenient and affordable payment plans
- Early payment
Documents to Bring
Along with your vehicle title, you will need to gather documents like:
- Photo ID
- Proof of income
- Proof of insurance (Full coverage insurance needed for loans greater than $2,500)
- Proof of residency
Aside from these documents, you will also need to have the car with you during the time you sign the contract. The car is significant in this transaction, not because the lender will keep it during the time, rather your loan amount can be affected. Depending on the condition of your car, you can get an increase or decrease in loan valuation. Your title loan lender will explain to you the decision behind the fluctuation after inspecting your vehicle.
Title Loan Contract
Your title loan contract will include the terms of your contract. The maturity date will be written in, as well as the payments you need to make, when you need to make them and how you can pay for them. Title loan lenders will accept payment in forms of cash, check or money order. The contract will also inform you of consequences of late or missed payments. Usually, if you speak to your lender before your next scheduled date, you can inform them of late payment and they will grant you an additional day or two to get the full amount in.
As stated above, failure to communicate with your lender can lead to a greater chance of vehicle repossession. Vehicle repossession will occur when you default a loan, which is by either missing payments, or not making any at all. When this happens, your lender has to notify you of their intent to repossess the car. They will inform you of a location, date and time to bring your vehicle to. After that, they typically sell the vehicle. With this sale, the profit they make will go towards your outstanding balance. If they make more than what you owe, you will receive the rest. On the contrary, if the profit does not cover the expenses, you are responsible in paying off the deficiency.
In California, you are allowed to refinance a Baldwin Park title loan you are already involved with. Speak with your customer service representative about this option.