Title Loans Fresno, California
Understanding Title Loans Fresno
Many people do not totally understand what exactly title loans in Fresno are. When they hear that you use your vehicle as collateral, they believe that the company takes their car or truck for the duration of the loan. This is not true at all. When you get a loan from Loan Cheetah you are only using the title of your vehicle as collateral. You retain the use of your vehicle the whole time you have the cash. The only major stipulation of receiving a title loan is that you must have complete ownership of the vehicle you are using. You cannot still be making any payments on the car, whether to a bank or private owner. As long as you meet these requirements you are almost guaranteed an auto title loan in California.
A pink slip loan is another kind of description that is used for title loans. This means that even if you do not have a job or have been fired, you can still be eligible for a loan if you own your vehicle. Getting a pink slip loan estimate for how much you can get as a loan for your vehicle is easily done when you go through the fast process online.
Why Apply for Title Loans Fresno?
There are so many reasons that one may hope for fast cash in their account. Many borrowers turn to these loans from Loan Cheetah in order to pay off their bills, such as the electric or heating bill. Some customers have found themselves in credit card debt and need money to pay off a couple of cards before the creditors start calling. Other reasons for needing a title loan may be:
- School loans
- Home repairs
- Car repairs
- Medical bills
- Prescription costs
- Funeral expenses
- Wedding expenses
- School clothes
- Grocery bills
When you apply for title loans in Fresno, you do not have to list the reason on the application as to why you need the loan. What you need the money for is completely up to you.
Fast Application Process
All parties involved in title loan transactions must be given a contract in writing stating the terms and conditions of the title loan. All interest fees must be disclosed up front and in writing. If at the end of the loan term the borrower finds they cannot pay the loan back in full, an extension may be given by the title loan company. This allows the borrower to rollover the loan period for another term, typically 30 days. No credit or background checks will be performed in order to secure a title loan. Only the title of the vehicle will be needed as collateral with Loan Cheetah.