Title Loans in Irving, California
Car title loans are similar to auto title loans and auto equity loans. The basics of what it comes down to are using a loan on a car as collateral for credit. This means that you are good for the money if you put up your car title in return. An efficient and helpful way to get some credit fast and help you out in a situation or of any type of circumstance.
Ease of Use
Getting this cash from a title loan is easy in Irving. Our services can provide you with the money you need to pay any type of bills, rent or sort of emergencies. The cash will be sent to you in two days or less, and is not reliant on your credit score as other places are. Our repayment plans are tailored specifically to you and what you pull in as an annual income.
One of the smartest ways to utilize and put up as collateral is a car because it is a good tangible asset that has monetary value to it and can help secure a Irving title loan. A title loan uses how much the car is valued at in order to use it as security for the loan. Alternative lenders utilize these loans in order to help people who can’t go with the traditional route of using a bank. A title loan is a great quick fix for a loan and the interest rates are related to the risk that it poses. The person placing up their car will get to keep that as well.
Title Loans in Irving: Consumer Financial Protection Bureau
Chief of Police in Irving: Larry Boyd P: (972) 721-2598
Contact Information for Disputes and Transparency Issues
Irving PD & Website: (972) 721-2598 Contact
The legal protection provided out there is to both protect both the title loan borrower and the institutions lending out to the consumer. If any of these regulations and laws are broken then the issue will be taken up in the legal courts. What follows is the possible repossession of the vehicle or if the institution broke the rules, their license revoked.
- The document that is used to write up the title loan will set up the process for how much interest can be charged as well as punishment for not paying.
- Title loan agreements are subject to change depending on timeframe and if the borrower pays it on time. This means restructuring of the payments or extensions to the payment.
- If there is any misrepresentation of the deal during the lending process will result in an investigation on the part of the consumer.
- There won’t be any concealment of rights in terms that should have been stated right at the time of the borrower going to receive or fill out the loan application.
The idea behind some of these regulations is to make sure there is trust between the institution and rights for the government to enact punishment on both ends if there is a problem with the deal.
An Expert’s View on Irving Title Loans
Financial analyst Henry Demboar has reviewed the process throughout his years working in the industry and owning his own title loaning institution. During his youth he worked his way up through college and got a degree in finance. On his way through his path he learned a lot about the banking industry.
Setting out to do what he could he managed to look into alternative forms of borrowing and started up his own title loan business. He takes pride in the way the services are going and the regulations that are being put in this space to protect both sides of auto loans.
For example on both ends of the borrowing there has been a lot of checks and balances to put in place in order to make sure everything runs smoothly through a transaction.