Title Loans Irvine, California
Finding extra cash can be stressful, especially when you’re unaware of all of your options. But no matter what you need the money for, there is one loan option that stands out above the rest – and that is a title loan.
What are title loans Irvine?
A title loan, also called pink slip loans, are a kind of secured loan that allows you to receive supplemental cash with just the approval of your vehicle. Unlike a standard bank loan, a title loan doesn’t force you to undergo application after application to prove you have the ability to repay the money owed to you. Instead, you just need to own a vehicle that you are willing to use as collateral for the deal.
With a title loan, you agree to exchange the title of your car for the loan money. Your loan provider will simply hold onto the loan until you are able to repay the money given to you. At the time that they money is returned, your title will be handed back.
What are the benefits of title loans Irvine?
The biggest benefit of a title loan is that it can give you the cash that you need to pay off debts, stay above water, or just buy something you’ve always wanted. But a title loan also has benefits that you won’t find with another kind of loan. Here are just a few of those unique benefits:
- A quick and easy application process means you won’t need to spend hours filling out form after form to apply for a loan.
- The minimal set of requirements makes it easy to determine if you qualify for a title loan.
- Because of the simple application process and easy qualification requirements, you can be on your way to getting the money you need more quickly.
- As the title loan provider only holds on to the title of your vehicle, you are still free to drive your car as you please.
How to apply for title loans Irvine
Applying for title loans in Irvine can be done through Loan Cheetah’s car title loan online application. To begin, you will need to fill out the form with your vehicle’s make, model, year, and mileage. You will also need to include contact information in your application.
After submitting your application, Loan Cheetah will provide you with an auto title loan estimate. This number is the amount of money you have been approved to receive and is reflective of how you much you get from your title loan.
Your title loan agreement is not finalized until you talk with a loan representative. Using the contact information you provided in the application, a representative will call you to discuss the final loan amount, when you will need to begin making repayments, and what happens if you can’t repay.
What if I can’t repay my title loan?
There are a few things that may happen if you’re unable to repay your car title loan in California. First, missing a payment or two will not seriously influence you, although your loan provider may decide to increase the interest rate on your title loan. If you are still unable to make the payments for your title loan, your vehicle may face repossession. While the car is repossessed, you will still have the opportunity to pay off your debt and receive the vehicle back in your possession, but defaulting on a loan could prompt the sale of the vehicle.