Title Loans in La Verne California
Is your money short, making it difficult to stay abreast of your bills and debt? Is the money shortage causing you sleepless nights? Are you worried that you will lose your home or get evicted from your apartment? You have every reason to be concerned, but you don’t have to stay in this situation when there is financial help available to you. Many Americans and residents of La Verne are also going through something similar. So, it is OK to feel bad, but don’t be too hard on yourself. The light is at the end of the tunnel and this can happen if you just make contact with a title loan lender today. You are closer to obtaining the money you need – even more than you though. Take the next step to contact title loans in La Verne.
The City of La Verne
The city of La Verne is located in Los Angeles County within the state of California. Though it is a small city, it has been said to have a population of 31,063 in the year 2010 as established by the U.S. census department. The city was home to many Native Americans for centuries. In fact, archaeologists have discovered many Indian artifacts. The area was established in 1887 by a businessman from Los Angeles, Isaac Wilson Lord. He convinced the Santa Fe Railroad to operate through the area where he had considerable property ownership. The businessman hosted one of the largest real estate land sale in the history of Southern California. Visit the official website for the city to get more details.
Title Loan Laws
The title loan laws in the state of California were set forth to protect both consumer and lender. Loans that are more than $2,500 are exempt of interest rate caps. Lenders must use discretionary lending as it relates to interest rate charges. Title loans in La Verne must be fully amortized. The use of simple interest is mandatory when calculating finance rates.
A title loan is usually for thirty days unless you do a rollover or refinance. Within thirty days, you will be able to pay off your title loan and receive your certificate of title back. Until then, you will apply for a title loan estimate, get funded and believe it or not, get to drive your vehicle while you pay down your loan.
The title loan process is so simple and smooth. The requirements are not stringent as is the case with the traditional lender. A La Verne title loan lender will ask you to prove your age and your income along with the fact that you are the owner of the vehicle and that there are no liens attached.
No credit – poor credit – bad credit. These are the labels used to describe individuals with credit problems. Are you one of these people? Well, even if you are, there is hope for you to restore your credit or build it. When you receive your La Verne title loan and you pay on time, then the title loan lender will report this to the credit reporting agencies and they, in turn, will make changes to your credit rating so that other lenders can view it.
So, you have been informed of the process. Therefore, it is in your best interest to now apply for your title loan. Within 24 hours, you could have the funds deposited in your bank account. Then, you can begin to fix your financial problems.