Title Loans In Sacramento - How They Work
Title loans are an option for residents of Sacramento who own a vehicle that's in their name and paid off. Instead of relying on your credit score you can now use that equity from your vehicle as collateral for a title loan. It takes less than 30 minutes to complete your application and there's a chance you can get funded in one business day.
These equity loans work well for anyone with a bad credit score because the loan is underwritten based on the equity in your vehicle. While unsecured lenders in Sacramento focus on your FICO score, a title loan provider wants to know how much your vehicle is worth and if you can repay the loan in a set amount of time.
Why Apply With Car Title Loan Lenders USA
We know it's easy to find a lender online or in person, but how do you know they will put your best interest first? What makes you think they'll offer the lowest interest rate or best repayment terms? If you're only applying with one Sacramento title loan company, that's going to be difficult to get the best financing terms. But with Car Title Loan Lenders USA, we'll match you with many local companies and all these lenders will compete for your business. Even if you have a terrible FICO score, there's still a company out there who will offer you a title loan that's based on your vehicle's equity!
Car Title Loan Lenders USA will take your application online or over the phone and from there we'll get you a quick estimate detailing your expected loan amount and interest rate. At that point we'll then find you a few licensed lenders in Sacramento offering more refined terms. From here, you can compare the best offers for online title loans in CA and go with a company that puts your interests first.
Where To Get Cash From A Title Loan Company In Sacramento
Once you're approved for a title loan and have completed an inspection, the last step is getting your cash! Most companies offer direct deposit to your checking account or debit card and that can be done in 24 hours or less. What about if you want to pick up the cash in person? There are plenty of lenders in Sacramento who will get you the loan proceeds immediately after signing the documents. Do you live in Rocklin or Elk Grove? You can either have the cash sent to your bank account or get a money order at any convenient location.
Do you live in California but outside the Sacramento area? That's not an issue as any company offer title loans in California can help you. Car Title Loan Lenders USA also offers access to online title loans in San Diego and Los Angeles and we'll work to connect you with a local lender near you!
Sacramento Title Loans - What's Required
Do you own a vehicle that's fully paid off and registered and titled in your name? The good news is that you're well ahead in the underwriting process as owning a vehicle is often the most significant requirement. Any vehicles that are newer than 2006 can qualify for a title loan in Sacramento and you need the car's pink slip to sign over to your lender. Besides a vehicle with equity, we need proof that you can afford the required payments and this can typically be done with bank records or employment pay stubs. Some lenders will want to see proof from the DMV that the vehicle is insured and you should always provide updated proof of residency with a drivers license or passport.
What about an inspection you may be asking? Here in California, you may need to bring in your vehicle for a brief inspection to ensure it's worth it's declared value. The inspection often takes place right before you sign the lending contract and can be done at any inspection location in Sacramento County our at a place of your choosing.
The best thing about a pink slip loan is the fact that you don't need to hand over the vehicle as collateral. Instead if giving up your vehicle, you simply need to sign over the car's title to your lender. They keep the title as security and you get it back when the loan is paid off.
Are you ready to start the process and see how much you qualify for with an online title loan in Sacramento? Loan offers start at $2,500 and most customers will have an interest of 40% or lower with their loan. You don't need good credit so apply today and see how much equity you can use as collateral for a title loan in CA!