Fast Loan in California
May 21, 2012
With many Americans working long hours and even multiple jobs, time is not a luxury that a lot of us have. This is especially true if you live in a densely-populated area such as Los Angeles, where you may spend several hours per day on the road. With this in mind, applying for a traditional loan can be a hassle, as such loans often takes days or weeks to process. This may involve several visits with a loan officer, filling out a lot of paperwork and waiting for a decision.
Luckily, there is a much quicker way to get a loan. Instead of heading to a bank, waiting through a long process and hoping that your loan gets approved, you can get a car title loan.
What is a Car Title Loan?
You may have already seen advertisements for car title loans. Such loans are also called u-drive, pink slip or title loans.
A car title loan is a loan that is based on the value of your vehicle. If you own your vehicle (with no payments left to be made), you can take the title, a photo ID and a few other items to a car title lender. The lender will assess the value of your vehicle and may then offer a loan to you.
How Long Does it Take?
If you have plenty of work or family responsibilities, haggling with a banker may be the last thing you want to do. Thankfully, the process is often much simpler with a car title lender.
The process of obtaining a car title loan is usually much faster than that of a bank loan. In fact, the entire process typically takes around an hour at Car Cash Loans. This means that you could apply for a loan and get the cash you need without spending a load of time doing so.
Will I Have to Go Through a Credit Check?
Let’s face it – the credit scoring system isn’t always fair. However, a poor credit score will hurt or even eliminate your chances of getting a traditional loan.
To avoid this potential problem, you can get a car title loan. Car Cash Loans will never run a credit check on you, meaning that you could have poor credit and still get a loan.
Do I Have to Provide a Reason?
With some traditional loans, you must provide a reason for applying. For example, a bank may want to know what you are going to do with the money to determine whether or not to risk lending it to you.
With a car title loan, the lender will use your vehicle’s title as collateral. You’ll get to keep your vehicle while you use the loan. The title just lets the lender know that you intend to pay the loan back. Thus, as the lender will have collateral, your reason for taking the loan is not of high importance to it.
How Long Can I Take To Repay My Loan?
Although a car title loan can be issued quickly, it doesn’t have to be paid back quickly. You can often work out flexible repayment terms with your chosen lender. For example, Car Cash Loans offers repayment terms of up to 5 years, allowing for plenty of time to repay your loan.
Of course, if you’d rather repay your loan quickly, you may be able to do so. Just work out a plan that is convenient to you.
Taking out a loan doesn’t have to be a hassle. It can be done quickly by securing a car title loan.
Consider a car title loan if time is of the essence or you just don’t want to deal with a traditional lender. Be sure to take out only what you need and make every effort to pay it back ahead of schedule. As long as you pay your loan back on time (or faster), the process should go smoothly. So, consider a car title loan to get the money you need quickly!