Title Loans in Colton, California
Stop! Don’t stay in a bad financial situation when you don’t have to. Is your financial situation crippling you? Is it making you retreat rather than progress, enough to find the help you need for a viable solution? Well, you are only hurting yourself. You need to do what other Colton, California residents are doing. You need to contact a title loan lender for help. The assistance that you will receive is going to prevent you from sinking deeper into your financial dilemma. Unlike a conventional lender, the title loan lender is aware that anyone can have financial problems and you are not the only one. In fact, many Americans are experiencing financial issues. However, your solution lies with a title loan lender. Contact one of the best title loan Colton lenders today.
The City of Colton
The city of Colton is located in San Bernardino County within the state of California. You can find this city in the Inland Empire area, which is about fifty seven miles to the east of the city of Los Angeles. The U.S. census data indicates that the population was 52,154 in the year 2010. This was an increase of 47,662 since the year 2000. The city of Colton was established in 1875 and received its incorporation in 1887. However, prior to its being established, the inhabitants were the San Gorgonio Indians and the Serrano Indians. In 1810, a Spanish settlement was established to the northeasterly direction. By the year 1840, there were to private ranches part of the city; namely San Bernardino Rancho and Jurupa Rancho. You can get more details about the city by going to its official website.
Colton Title Loan Laws
California Finance Lenders Laws protects both borrowers and lenders in the title loan industry. Lenders are allowed to approve short term loans using the borrower’s vehicle as collateral. However, the vehicle has to be fully paid off and the title has to be in borrower’s name. The interest rate cannot go over thirty percent for loans lower than $2,500.
The Loan Process
The process of applying for a California title loan is easy and does not take much of your time. In fact, it will only take but a few minutes to complete the short application form. Once you do, then you should hit the submit button and the lender will receive your application immediately, after which documents will be requested by the lender. When you provide the documents, the lender will review them and give you an answer about your approval or denial. In most cases, you will get an approval and the initial title loan quote.
The only thing that will cause a denial is if you don’t fully own the collateral that you are using. The vehicle has to be in your name and there cannot be any liens. If you fulfill this requirement, have steady income and are 18 years of age or older, then you should receive an approval.
No Credit Necessary
The lender uses the collateral as a security interest to avoid the risks associated with the loan process. Therefore, no credit is necessary. If your credit is not that great, you don’t have to be concerned about it because the lender isn’t.
With or without bad credit, go ahead and put in your application now for a Colton title loan. You could have the money you need within a few hours or minutes. If you are looking for a financial solution, then do the right thing now.