Title Loans in Merced, California
Getting a loan is meant to be helpful, not a hassle. That is why when it comes to title loans in California lenders have made it easy to get the cash you need when you need it most. These loans are especially designed for borrowers with an immediate need to help get them short-term money while they work on long-term financial solutions.
Merced title loans are a convenient and completely legal means of getting money quickly. In fact, many borrowers get their loan funds in under 24 hours. All it takes is a clear car title with no liens against it to get started.
That car title acts as collateral for the amount you borrow. Often times, borrowers can get up to as much as half the value of their car with a title loan. Though California state law requires that all title loans be a minimum of $2,500, these loans are specifically designed to be short term and smaller amounts.
That is because title loans in Merced are meant to be easy to manage and easy to pay back. These loans are not meant to be long-term financial solutions, but rather to be short term means of funding while borrowers create a larger financial plan. They are meant to provide borrowers with some breathing room, and generally, give you between one and three months to get things together.
Understanding Title Loans In California
When borrowers get title loans in California lenders have to comply with certain rules and regulations. These were developed by the state along with regional lenders to help ensure borrowers were safe and satisfied with their loans. Most lenders put them into practice as part of their general policy, but it is important for borrowers to know what is going on to ensure they get the best borrowing experience possible.
When you decide to get a Merced title loan, the first thing you want to do is check with the State of California to ensure that your lender is registered properly. An unregistered lender is not a lender at all, and should not be worked with for any reason. When you find a lender with whom you are comfortable, it is still important to remember that contacting them to get a quote on the title loans in Merced, does not automatically commit you to the loan. Any lender pressuring you to agree to a loan without first providing a quote and a loan agreement does not have a borrower’s best interest at heart.
When you do get that loan agreement, take care as you look over it. It should have not only the terms of the loan, but a few specific figures, including:
- The duration of the loan
- How much is to be borrowed
- What the interest rate or financing fee will be
- Any and all other fees associated with the loan
Any lender that is not transparent about their fee structure, or any lender that has otherwise abused your rights as a borrower should be reported immediately to the Consumer Financial Protection Bureau.
To better understand your rights as a borrower, or to get help finding a trustworthy loan from a great lender, you can always call our office. We specialize in getting the title loans Merced residents have come to trust. We know what lenders are worth the time and we can hand match you with a lender but a loan customized to your specific borrowing needs. We will also take the time to ensure you understand your loan inside and out before you sign off on anything.
Call us or go online today to get started with your Merced title loan.