Title Loans in Compton, California
Do you have a credit history that is less than desirable? In addition, are you undergoing a tough financial situation? If your credit report has given traditional lenders reason to conclude that you have bad credit or no credit, then you won’t be approved for a loan. You won’t be able to get the cash that you need in your urgent financial situation. In the same token and with the same situation, a title loan lender will give you a better chance to obtaining a loan. Why? Well, title loan California lenders do not check credit and don’t care about the purpose of the loan. What title loans Compton is most interested in is the fact that you have collateral to use. The collateral is usually your vehicle. However, it must have a clean title before it can be considered for a Compton title loan. A title loan lender will help you to get back on your feet financially. So, don’t stay stuck with your financial problem. It can be solved. You could receive funding within hours, but you have to take the first step to gain freedom from financial burdens.
The City of Compton
The city of Compton is located in Los Angeles County within the state of California. You will find it in the southerly direction of the city of Los Angeles, in the downtown area. Considered one of the older cities in Los Angeles County, the city of Compton was incorporated in 1888 and was well-known for being called the “Hub City.” This was because the city was geographically central to the county. Some of the neighborhoods in the city include Richland Farms, Sunny Cover, downtown Compton and Leland. There are mostly working class residents living in a middle class community. Many young adults also live in Compton with an average age of 25. Since the year 2010, the population was reported as being 96,455. Learn more about the city of Compton by visiting the official website.
Department of Motor Vehicle
Address: 2111 S Santa Fe Ave, Compton, CA 90221
Phone: 1 800-777-0133
California Title Loan Law
In the state of California, there are laws that govern the title loan industry. Lenders have to follow specific rules as it relates to the fees being charged. For loans below the amount of $2,500, the fees cannot exceed five percent or $50, whichever amount is lower. For loans over $2,500 and below $5,000, the fees cannot go over $75. Loan amounts in excess of $5,000 do not have any caps.
Address: 301 S Willowbrook Ave, Compton, CA 90220
Fill out the application for a title loans in Compton online so you can be pre-qualified. In the application, most title loan lenders will ask for:
- Year of vehicle
- Model of vehicle
- Make of vehicle
- Mileage of vehicle
- VIN number
You will also have to input simple details about yourself including your name and phone number so that the lender will be able to contact you. There are no fees to apply for a title loans in Compton. The lender will let you know the loan amount once an assessment of the fair market value of the vehicle is done through Kelley Blue Book.
Get Your Money
If you want to get money fast to solve your financial problems, then it is to your advantage and your responsibility to complete the loan application. Once you have been approved for the loan, you will receive the money directly into a bank account that you own. While you are repaying the loan, you get to still drive your vehicle. You will be given thirty days to pay off the loan. You can pay it off early without any penalties. So, don’t wait. Get your application in today to get a free and instant title loan estimate!