Title Loans El Monte, California
Expect the unexpected. That’s what most people work towards when saving for a rainy day. There are times, however, when you need a little more help. Despite your best efforts to prepare, you need to seek emergency financial assistance. We specialize in offering title loans El Monte help to people who need emergency cash. Loan Cheetah understands that people need a little help every now and then.
How does a title loan work?
If you were to borrow money from a bank, they may ask you to use your home as collateral to the secure the loan. With title loans El Monte, the same principle applies. You receive a title loan for your vehicle, and your car is treated as collateral. A title loans in California office will temporarily hold the title, and you continue to drive the vehicle as you make payments. You can pay off the loan without penalty as early as you like. You can also extend the loan period if you need a little more time.
Working with people in tough times
We understand that people with perfect credit aren’t the only ones facing emergencies. We work with people with all types of financial challenges. We can give you title loans El Monte lending without a job if you are able to demonstrate your ability to repay the loan. For example, you may be collecting unemployment or waiting to collect disability, severance pay or other funds. You may be able to take out a title loan during that period of time. You may have had a previous bankruptcy in the past. We extend title loans El Monte services to anyone who owns the title to the vehicle.
California title loan requirements
Loan Cheetah services have been offering solutions to customers in the El Monte region for years. As a licensed agency authorized to offer loans, we are subject to state law. Loans valued under $5,000 cannot be assessed more than $75 in fees. The minimum loan must be under $2,500. All applicants must be at least age 18 or older. Our rates cannot exceed 15 percent of the value of the check issued. There are no criminal penalties associated with title lending in the State of California.
What happens if I cannot repay the loan in time?
You may not be able to pay off your loan in 30 days. We understand that things happen, so we’ll work with you. We can give you an extension option. This is considered a rollover. Our rollover arrangement can be extended for a month or more, which could be helpful for those who have taken out a title loan without a job. We may require that you sign an additional agreement to authorize the renewal. You are able to request the opportunity to make arrangements for a car title loan refinance whenever it’s necessary.
Benefits of obtaining a title loan
You can get the funds you need to you within two days when using title loans in Los Angeles. A majority of our applicants will be able to complete the application process and receive an approval within two days. We don’t want you to have to complete an extraordinary number of steps to fill out an application. We make the online submission process a simple one by only asking for basic vehicle and employment information. You obtain the funds you need in days and approvals are issued within a day.
Everyone needs a little help from time to time. You can complete the application and have funds in your hands the very next day. You don’t have to have perfect credit to qualify for this option. Contact us today to get a car title loan quote if you need one.