Title Loans in Cerritos, California
Title loans in Cerritos are the easiest way to get cash when you’re in a pinch, and it doesn’t’ take much to get one. All you need is a clear car title with no liens against it and you could have your loan ready in just a few minutes. What’s even better is that you could have your loan money in your account in a few hours.
Title loans in Cerritos are a type of short term loan that allows for fast and easy lending by using your vehicle paperwork as collateral for the amount you borrow. When you get a car title loan, your lender hangs onto the title as security for your loan money. Then, when you have repaid everything plus interest, your title goes straight back to you.
The loan will generally last one to a few months, and is generally for a few thousand dollars. A Cerritos title loan isn’t a long term loan, but is instead designed to be a manageable short term loan that is easy to get, easy to repay, and allows you a little time to figure out your next move while you work on longer term financial planning.
Your Local DMV
When you get a Cerritos title loan you keep the car itself, but since your vehicle is what secures the loan it is a good idea to make sure everything is current and ready to go with your car’s paperwork. This keeps the borrowing process as quick and painless as possible.
The California Department of Motor Vehicles can help you out there. If you go online, you can renew your registration, get a copy of or replacement for your title, renew your license, pay off any fees that may be outstanding against your car, or make an appointment to visit in office. Should you need a service that can’t be completed online, you can always go into the local branch at:
Understanding Your Title Loan
When you get a title loan, it is important to understand exactly what you are getting and what your responsibilities are as a borrower for your specific loan. First, make sure you are actually working with a title loan as defined by the State of California. According to state regulations, title loans must be for at least $2,500. Any loan smaller than this is considered a small loan and is subject to an entirely different set of regulations.
When you actually start shopping for your title loans Cerritos, check the details before you commit. You should receive a written loan agreement that details the specifics of a potential loan, and includes information on:
- How much the loan is for
- What interest or financing fee will be charged
- What other fees will be assessed
- How long you have to repay
Every lender should disclose all of this information to you before you commit to a loan. Any lender that is not willing to be upfront about this information,.
Should you want more information regarding what to look for in a title loans Cerritos or what your rights are as a borrower in California, you can always contact our office. We specialize in California title loans, and we can answer any questions you have regarding the borrowing process. We can even help you find a lender that is trustworthy and state regulation compliant. All you have to do is give us a call, or fill out an online application form to get a free title loan estimate.