Title Loans in Beverly Hills, California
There is nothing quite as stressful as needing cash quickly and not knowing where you are going to get it, but when you get a California car title loan, you can quickly and easily get the cash you need to make it through. Title loans are a simple, easy way of borrowing using nothing more than your car’s pink slip, and they can put cash in your account in just a few hours.
When you get a Beverly Hills title loan, you are actually using your vehicle as collateral for the amount you borrow. You keep the car, itself, but the title goes to the lender as security so that they know you are invested in the loan, as well. Once your loan is paid off, your title is sent right back to you.
In the meantime, though, you can get up to half the value of your vehicle quickly and easily. There’s no lengthy application process, and you don’t have to worry about your credit excluding you from your loan. All you have to do is apply, accept the title loan quote, and get your cash quick.
Car Title Loans In California
Car title loans in California are a safe, legal way to borrow, but just like with any industry, there are some guidelines regarding how title loans should work in California. These industry regulations are put in place by the state and eagerly adopted by lenders to help protect borrowers and make the title loan process as easy as possible.
First off, it is important to note that in California, a car title loan should be for a minimum of $2,500. Any loan for a smaller amount would be considered a small loan, and is not subject to the same set of regulations as title loans.
When you start looking for California title loans, Los Angeles and Beverly Hills borrowers should begin by making sure that their lender is properly registered with the state. Unregistered lenders are not monitored by the state to make sure they are compliant with local regulation, and are not true title lenders but rather predatory loan sharks. Working with a properly licensed and registered lender will help ensure that your loan is designed to help you as a borrower.
Once you have a lender lined up, you should check on your specific loan. Every loan should come with a written loan agreement that you can examine before you commit to borrowing. If a lender does not let you see the terms of your loan in advance, you should do business elsewhere. When you are looking through the loan agreement, it is important to make sure a few numbers are noted in clear and specific terms:
- How much you will be borrowing
- How much interest will be charged
- What other fees will be charged
- When repayment will be due
Any lender that does not provide this information in advance, or who has abused your rights as a borrower in any way, should be reported directly to the Consumer Financial Protection Bureau.
For help understanding your rights as a borrower or to quickly and easily find title loans, Beverly Hills borrowers can always call our office. We specialize in bringing Southern California borrowers and lenders together to get them the best loan possible. We have already done all of the hard work, so all you need to do is call and we can hand match you with a trustworthy loan customized to meet your specific needs as a borrow. It doesn’t take long, all you have to do is call and you could have a loan in minutes.