Title Loans Lake Forest, California
Prices for just about everything seem to keep going higher and higher. Meanwhile, you have not have a raise in quite some time, and the last raise you did get was barely noticeable on your paycheck. The result is a slow but steady decline in what you have and what you can afford. If youíre looking for a way to catch up on a few past due bills or buy something you have needed but couldnít afford, consider title loans in Lake Forest. They are easy, convenient and available now.
Title Loans Lake Forest
The basis of a title loan is to simply use your car as collateral to get a loan. There are a few more requirements, such as having a source of income and no liens against the car, but having the vehicle is what gets you the loan. That means no credit check is needed. Because of that, people with bad credit can apply and have the same chance at approval as people with great credit.
Title Loan Lake Forest Application
Anyone who is at least 18 and owns a car can qualify for title loans in Lake Forest. You do need a source of income, but where that income originates could be from work, disability or another legitimate source. For a title loan online application, tell Loan Cheetah the make, model and other details about your car. Then, tell us your name and give us some contact information. We give you a loan quote and call you to work out the specifics of your loan. Then, we set a place and time for you to pick up your funds.
In addition to regular title loans, a salvage title loan option is available through Loan Cheetah. Salvage titles are attached to vehicles that suffer damages of at least 75 percent of their value. Salvage title loans are valued a bit lower than regular title loans, and borrowers get a slightly lower loan amount.
Borrowers in California must be told of all charges and fees associated with their loan before they sign loan documents. Lenders are allowed to charge additional fees for late payments, processing and administrative costs. Loans under $2,500 have an interest rate cap of 30 percent annually, but loans over $2,500 have no maximum interest rate.
No credit check. What that means in addition to not having your credit history held against you is that your chances of being approved for title loans in Irvine and Lake Forest shoot up dramatically. Not running credit checks is the reason the title loan industry has such a high rate of approval. People are given loans based on the value of the car they use as collateral. As longs as they have that and a source of income.
- Easy from all angles. The application is easy, being approved is easy, and itís easy to see that title loans are the better option. Interest rates are most often lower than payday loans. There is no uncomfortableness between you and family members you approach for a loan. You arenít trying to find things to pawn to get the money you need.
- Flexible options. If your repayment schedule is not working for you, then ask about making changes. If you see that you need more time to pay off the original loan, ask about rolling it over. The key to flexible options is talking to your lender as soon as you realize you canít make payments or that you need to make some changes so that you can make payments.
- Loan Cheetah holds onto your title, but you keep your vehicle while making payments on your auto title loan. Continue driving and going about your life as usual.