Car Title Loans Los Angeles, CA

In tough economic times it’s good to know that people in need of fast cash can still get car title loans.  Los Angeles residents who have faced layoffs or have urgent expenses such as medical bills, college fees, home repairs or car repairs can get money the same day as long as they have the clear title to a vehicle with a wholesale value of at least $5,000.  The vehicle serves as collateral for the loan, but you don’t need to hand it over to get the funds.  As long as you have the title, registration, a valid driver’s license, proof of full coverage insurance, an extra set of keys and other required documents you can get the money you need the same day.

You may think you need good credit to get one of these car title loans.  Los Angeles lenders specializing in car title loans do not require an excellent credit score to qualify for this type of financing though, because the title to the vehicle secures the loan.  Even if you don’t need the money now it is good to know that the option is there in case of a financial crisis.

Car title loans may be short term lending instruments that must be repaid within 30 days, or you may receive a larger loan with flexible payment terms of up to 36 months to create an affordable repayment schedule.  It is important to understand, however, that there are serious consequences for those who default on car title loans.  Los Angeles drivers who neglect to pay back their car title loans can have their vehicles repossessed, further lower their credit scores and devastate their finances.  If you repay the loan on schedule, however, it could help you reestablish credit and improve your FICO score so you can qualify for low-interest unsecured loans in the future. Regardless of your financial situation, it’s good to know that car title loans are there if you need them.

Find us in Los Angeles, CA.
1625 Palo Alto St., Suite 301
Los Angeles, CA 90026 License#: 603-9192