Title Loans San Jose, California
Drivers in California have been taking advantage of convenient title loans in San Jose for years now. Car title loans in California are also sometimes referred to as a pink slip loan. This is because the title to your vehicle is sometimes called a pink slip. Title loans through Loan Cheetah work by you posting the title to your car or truck to secure a personal loan. As long as you do not default on the loan, you get to keep driving your car and you eventually get the title to your vehicle back. The title to your car simply serves as collateral for the loan.
With title loans in San Jose, you do not have to go through a credit check or post any other type of security to be eligible for a loan. You just need to be the only owner of your vehicle and have the title free and clear of any loans. This means that you cannot have any liens on your vehicle title in order to qualify for a title loan.
Applying Online for Title Loans San Jose, California
If you need some extra cash to pay bills or take care of an unexpected financial situation, then the first step is to complete the title loans online application form. With Loan Cheetah, this means that you could have access to cash faster than you would have thought possible.
All you need to do is fill out your name and contact information, including your phone number and address. Then, give us the year, make, model and mileage of your vehicle. From there, we determine how much of a title loan you can qualify for based on the value of your vehicle, which is the security for the loan. You can expect to hear back from a representative with a pink slip loan estimate very quickly after you have completed the online title loan application.
California Laws and Regulations on Title Loans
Any title loan that you take out in the state of California will be arranged according to a Department of Business Oversight California Finance Lenders Law license. Title loans are typically taken in the amount of $2,500 because of California laws on interest rates that can be charged on loans in amounts less than $2,500. In addition, title loans in California are required to be fully amortized, which means that when you make a payment on your loan schedule, you will be paying for the interest accrued and some of the principal loan amount at the same time. You must also be over the age of 18 in California to apply for a title loan.
The Benefits of Getting a Title Loan in California
If you do not think you will qualify for a loan through a traditional bank or have been turned away before, title loans are a great alternative for you. In fact, you may prefer a title loan over a traditional loan because the application and approval process is much faster. Without having to worry about a credit check, you can rest assured that you will be approved as long as your car is worth a certain amount and you have a clear title to the vehicle.
Regardless of what you may have heard, you never have to give up the title to your car as long as you do not default on your loan.