Title Loans in Lake Forest, California
Are you in a financial predicament today and want to get out of it by tomorrow? Is your rental payments past due? Are you being threatened by your landlord? Is your utility bill behind as well and you are worried about disconnection? This is not something that happens to only you. There are a lot of California residents who are going through a similar situation. It might not be their utility bill or rental payments, but either way, they are trying to endure a financial situation that can be solved. Many of them, including you, may not know the benefits of title loans in Lake Forest and how it can be the solution to your immediate financial problems. Go and apply for one now and see the difference in your financial situation by tomorrow.
The City of Lake Forest
The city of Lake Forest is located in the state of California in Orange County. As of 2010, the United States census reported a population of 77,264. The city received its incorporate late 1991. Before its incorporation, the city was named El Toro. The community is known for its two man-made lakes, custom homes and condominiums along the shorelines. The lakes are managed by the neighborhood associations. The city is the community of Saddleback Church, owned by the popular Rick Warren. The church is the eighth largest one in the entire United States. Visit the official website for the city of Lake Forest, if you want more details and specifics about the city.
Department of Motor Vehicle
Address: 23535 Moulton Pkwy, Laguna Hills, CA 92653
Phone: 1 800-777-0133
Title Loan Laws
California Finance Lenders Laws is the institution that governs the title loan industry. Lenders are allowed to offer short-term loans to prospective borrowers. The vehicle is used as the security interest to minimize the lender’s risks. However, the vehicle has to have a clean certificate of title. The borrower gets to keep possession of the vehicle while repaying the loan. In the state of California, lenders cannot exceed thirty percent in interest rates for a loan below the sum of $2,500.
Department of Police
Address: 25550 Commercentre Dr # 100, Lake Forest, CA 92630
How much money can you borrower on your vehicle? The lender uses Kelley Blue Book to assess the vehicle’s value. After that, the lender calculates twenty-five to fifty percent of that value and comes up with a loan amount. Kelley Blue Book is accessible online where the lender inputs the information that you provide such as:
- VIN number
- Odometer reading
- Make of vehicle
- Year of vehicle
- Model of Vehicle
- Type of engine
The loan amount you receive will depend on whether it covers the cost of your loan, in case you default the loan and the lender has no other option, but to repossess the vehicle and sell it.
The Application Process
If you were to apply for a title loan on the Internet or over the phone, the same requirements are in place. You will need minimal documents to proceed such as:
- Driver’s license or valid identification card issued by the government
- Clear title to the vehicle
- Vehicle registration
- Recent pay stubs, tax return or any other form of steady income
Most lenders have a secure website so you can feel comfortable completing the loan application from the comfort of your home.
The Next Step
So, what are you waiting for to apply for title loans in Lake Forest? You have all the details you need to begin the process. You need money urgently, right? Well, the ball is now in your court. So do something about it. Take action right now by filling out the short loan application for your Lake Forest title loan.