Title Loans in Lemoore, California
A title loan is a loan that relies on the value of a vehicle as collateral to secure it. This allows for lenders to be laxer when it comes to approving would-be borrowers and not require credit checks. It also expedites the entire process and shortens the application process to under a day under optimal conditions.
Anyone who is the sole or partial owner of a vehicle like a car, truck, or SUV may be eligible for a Lemoore title loan. Because we do not require a credit check, many people with bad credit or no credit have been successful in applying for a title loan. The equity built into a car that has not been fully paid off can also be borrowed against.
We are also not interested in asking prying into our customers’ personal lives. The value of your car is how to get a title loan without a job. Regardless of your current financial situation, we can offer 30-50% of the value of your vehicle in cash–quick.
Do I Have to Jump through Hoops to Get a Title Loan?
Title loans in Lemoore are available online through our website. To begin the process, we only ask for basic personal information as well as the year, make, model, and estimated mileage of your vehicle. Once this information has been submitted, we can give you a free, instant estimate on the amount you may be eligible for.
If this amount is satisfactory, you can move forward by making an appointment with one of our professional representatives who will guide you through the next few steps.
You will be asked to drive your vehicle to a Platinum Lending location for a car inspection, where we will verify the value of your car. Once this is done, you will be able to get the total amount of your loan in cash and drive off.
You will retain the use of your vehicle throughout the repayment process. The only thing you leave with us is your car title, which is returned once you have made your last payment.
What Are the Restrictions on Title Loans in California?
Title loans in Fresno are subject to California state law and are therefore restricted in the following ways:
- Title loans in Lemoore, California range from $2,500 to $25,000 depending on the value of your vehicle.
- Monthly interest rates for loans for under $2,500 cannot exceed 30%.
- Repossession of a vehicle is only legal once a lender has proven a borrower to be completely unable to repay his or her loan.
- Once a vehicle has been repossessed, the borrower can buy it back at any time by repaying the loan in full.
What Are the Benefits of a Title Loan?
- Title loans in Lemoore are easy to be approved for. As long as you outright own your vehicle, there are almost no obstacles to getting a cash infusion. We do not worry about your personal history or credit checks.
- Because of the automated nature of part of the process, we are able to offer loans in the fastest way possible. The inspection portion of the loan process usually takes less than half an hour.
- We are able to offer commercial vehicle and semi truck title loans. Regardless of the type of vehicle you own, as long as there is equity built into it, you can borrow against it.
- Lemoore Title loan repayment plans are very clear and details. Our friendly and professional representatives give you the full story before you accept any money from us. You will know exactly how much you will owe and when.