What Are Title Loans in Imperial Beach, California?
A title loan is a loan made against the value of a borrower’s motor vehicle. A lien is placed on his or her title and the physical copy of the title is held by the lender until the loan is repaid. Then, the lien is removed and the title is returned.
Who Qualifies for a Imperial Beach Title Loan?
Anyone who owns a car, truck, SUV, or other motor vehicle may be eligible for a title loan. Depending on the value of your vehicle, you may be able to borrow up to 50% of the value of your vehicle within one or two days. Because a title loan is secured by the value of your vehicle, a credit check is not necessary.
How Do I Apply for a Imperial Beach Title Loan?
Platinum Lending offers an easy online process to begin an application for title loans in Imperial Beach. Simply access the website at www.platinumlendingltd.com and click ‘Apply’ at the top. Online title loans make the process much more convenient.
You will be asked for some personal information as well as the year, make, model, and style of your vehicle. This will allow us to assess the value of your car and give you an instant estimate.
Should you decide to proceed with the process, we can schedule a consultation with one of our representatives who will make an appointment for you to bring your vehicle in for inspection.
On the scheduled date and time, bring your vehicle to a Platinum Lending location where your car, truck, or SUV will be inspected. Once it has passed inspection, you will drop off your registration with us and be able to drive off with your cash.
Once the loan has been repaid, the registration or title of your vehicle will be returned to you.
What Regulations Are There on Title Loans Imperial Beach?
Title loans are regulated by the federal and state governments for the protection of both the borrower and the lender. They are therefore subject to certain restrictions.
- Title loans are legal in the state of California.
- Title loans are fully amortized.
- Processing fees must not exceed $75 for loans up to $5,000. Loans for more are exempt.
- All loans are amortized.
What Are the Benefits of a Title Loan?
Title loans in Imperial Beach are guaranteed by the value of your vehicle, so we are able to offer a number of advantages over more traditional avenues.
- Title loans in San Diego are faster. Our automated online system, combined with our excellent customer service means your loan can be processed in as little as one day.
- Title loans in Imperial Beach do not require a credit check. The security of holding onto the title of a vehicle means even borrowers with the most checkered credit histories may be eligible for a title loan.
- We do not ask personal questions when you apply for title loans in Imperial Beach. Your reasons for taking out a loan may be compromising and personal. It is your business, not ours.
- You may be eligible for title loans without a job. As long as you can demonstrate some ability to repay a title loan, you may be approved without a steady income.
- Title loans are cheaper than payday loans. Interest rates on a title loan can be up to 50% cheaper than those of payday loans.
- Title loans are more transparent. Repayment plans are available any time you choose to take out a title loan, meaning you will never need to make a surprise payment of an extra fee or hidden charge.