Title Loans Chino, California
You need money, and you’re wondering where you can get it in a hurry. Lacking the good credit required to get a bank loan and without a close friend or relative with cash to lend, you decide to consider alternative funding. Maybe you’ve heard of title loans but decided against getting one because you thought they sounded like a scam. The truth is, title loans are a legitimate source of funding for people who need money quickly. They are secure loans, which allows lenders to help more people in need.
Title Loans Chino
Title loans in Chino are cash payments to individuals who use their car as collateral. The money is a loan against the car title, meaning the borrower gives the lender the title to their car until the debt is repaid. By using collateral, credit scores don’t come into play. Loans are based on the vehicle’s value and the borrower’s ability to pay the loan back. The amount of the loan is determined by how much the car is worth, and it's worth is determined by factors such as make and model. The vehicle’s condition, whether good or bad, also helps determine its value.
Title Loans Chino Application
Applying for title loans in Chino is a fairly simple process which begins with you telling Loan Cheetah a little about you and your vehicle. Using our online title loans application, type in your name, zip code and email address, and give us a working telephone number because we will need to talk to you by phone. Then, input information about your car, such as its make, model and mileage. All of this only takes a few minutes, after which we give you a loan estimate. Then, we call you to finalize everything. We discuss loan options and the condition of your vehicle, set up a payment schedule and set a place and time to get the money into your hands. Salvage title loans are also available. Salvage titles are put on vehicles that have damages estimated for at least 75 percent of their value.
California Legal Information
Lenders must provide full disclosure to borrowers. This includes information about the annual percentage rate on their loan and the amount of the interest the borrower will pay. This also includes any fees associated with the loan. Lenders are allowed to charge administrative, processing and late fees. Interest on loans under $2,500 is capped at 30 percent annually, but there is no interest rate cap on loans over $2,500.
- Highs and Lows
- Don’t ask. Don’t tell.
- Instant Satisfaction
- Just Move On
Title loans in Riverside and Chino have very high approval rates and a very low rejection rate. This is because there is no credit check. By using a vehicle as loan collateral, the applicant’s credit score is not a factor and is not checked.
When you apply for a bank loan, you may be asked why you want the a loan and what you plan to do the money. That’s really not important to Loan Cheetah because it’s not our business. We won’t ask you why you need the money or what you plan to spend it on, and you don’t have to tell us.
The entire application and approval process is streamlined so there is no wasted time and no unnecessary paperwork. Everything is normally wrapped up in a day or less. That way, your need for money is satisfied immediately, and you can stop worrying about not having enough.
With short loan terms, you can repay the loan, reclaim your car title and move on with your life. You also get to keep driving your car during the loan period.