Tag Archives: title
Qualifying For Auto Title Loans Programs
A title loan is brief duration temporary loan that is co-related through title to your personal vehicle like truck, car etc. It is a safe deferred payment arrangement. The loan lending companies offer cash loan without considering credit rating as its link up is with the title. The vehicle can be truck, car, or even a motor-cycle.
There are a few requirements to become entitled for Auto Title Loans California and Car Title Loans California; a conspicuous and definite title or registration, evidence of residency and income, and lastly age 18 or above. Auto Title Loans California and Car Title Loans California entitle you to receive diminutive cash inflow assistance. You can begin the process online or offline. The only discouraging aspect is that the loan attracts up to 300% annual interest. If the need for cash is desperate then only most people seek this loan. The biggest advantage is you get cash when you need it most. The foremost procedure is to contact the concerned executive so he can come and assess the wholesale value of your vehicle and decide the quantum of loan possible to offer you. All relevant documents will be in accordance to California state regulations. Go through the rule booklet and the documents you are going to sign. Sign the documents only when fully satisfied. Certain vehicle tax liabilities have to be borne by the owner such as licence fees and maintenance. The signed papers show the vehicle status as a lien holder. The cash amount handed to you is assessed on the minimum worth of the vehicle. If you happen to sell the vehicle in open market it will fetch you much more cash.
The loan is usually issued for duration of 30 days; it has to be repaid on or before the stipulated time frame; once this done the vehicle title will be bestowed back to you. The time can be extended by another 30 days and the interested calculated on this is added to the total. If due to any reason the loaner is unable to pay the interest or the sum the loan company has the authority to sell the vehicle and recover the money. The companies are not that heartless they keep imposing penalties and grant extension for a reasonable period of time before they take any drastic step.
The loans are quick to come with cash. Documentation takes little time and in a matter of 15 minutes you have the cash you need. The cash amount could vary from $ 100 to $1000. The company make some discreet discoveries like if the loaner is gainfully employed and there is some income generating asset available to him. Even though credit rating is not taken into consideration it is looked into as background information. Online websites are very use-friendly. The loan formalities are completed at the click of the mouse. Most of the information is assessable but in case you have a query the back office executives can be contacted through E-mail and things will be sorted promptly. You will be surprised to see how fast the money is in your hands.
For further assistance on pink slip loans, car title loans online, Auto Equity Loans, Auto Collateral Loans, California Auto Title Loan, auto title loans in Orange County, auto title loan in Northern California, bad credit auto title loans and California auto title loan, browse
Car title loans: Friendly Only for Emergency Funding
Car title loans are loans which people try to get in utter emergency only. If some good amount of money is urgently needed one may go for it keeping in mind that repayment must be made within a very short period. Car title loans contracts may of different forms most common of which is that the title of the car is offered to the lender as evidence of collateral property or as just security. This generally happens if the lender is a bank or any financial company. The borrower is asked to leave a set of the keys of the car to the possession of the lender. The borrower can use the car as his personal vehicle.
Car title loans have other forms also. It may happen that the borrower is not allowed to keep the cars possession. Instead of it the lender will keep the car with him and give the same back to the owner of the car when he will pay back the money in the stipulated period. It happens that the borrower cannot clear the loan within the period. This is a very critical state for the borrower as the lender may sell the car to recover the money given as loan.
There are many lenders from whom one can secure car title loan. Banks are there and there are different financial companies in the market. One can search on the internet and find particular web sites of the companies which receive online application for car title loans and give the loans. It is rather simple to get this kind of loans.
The borrower must have the title of the vehicle in his name and the car must be insured in all respect. He must submit documents supporting his address proof and latest telephone bill. If he owns a home a statement of mortgage is demanded. The lender will want some document supporting the fact that the borrower is in a service approved by the law of the land and that he has been in the service for one year minimum. His annual income should not be less than $12000 in any way. He must be 21 years at the time of submitting the application for the car title loan.
How much money the borrower can get? It is up to the discretion of the lenders. It may not be any good amount and it may at best within half of the assumed resale cost of the vehicle. The borrower may be or usually is asked to pay back considerable amount immediately after he receives the payment. The rate of interest for car title loans is really exorbitant and it is nearly 300 percent.
People take Car title loans for extremely urgent necessity and they must pay back the loan within a very short span of time, that is, within 15 to 30 days.