When it comes to our money and our belongings, we want to know every detail of how the business will be run, we want to find even the slightest flaw in the system, and we become very fussy and perhaps a little skeptical about it.
And it’s no wonder, we all like to be in control when it comes to something that belongs to us by nature. And being in search of financial support generates a million questions and concerns that must be answered in order to proceed with the corresponding procedures.
In fact, loans (of any kind) should be made without first making sure that the client has given answers to all the questions that came to mind, since once the agreements are made, there is no turning back.
All the answers to the most common questions about loans at Car Title Loans California
After 20 years of dealing with different clients and different cases that are not similar to each other, the company’s lenders have resolved a great deal of doubts and here are some of the most frequent ones to help those who have the same concerns:
What is a car title loan and how does it work?
An auto title loan simply consists of giving the title to your vehicle to a lender in exchange for a certain amount of money depending on the value of your car. Just gather a small amount of documents, give them to the company and wait for them to respond to whether or not they approved your loan.
Who can take out a loan of this kind?
Anyone who owns a vehicle whose title is in their name can. Be it a car, motorcycle, trailer or any other motor vehicle. In addition, you must be a resident of the State of California and have a government-issued ID in order to verify that it actually belongs to the person who owns the vehicle.
How fast can I get the money?
As soon as you qualify. There are customers who even got the money in 30 minutes. But it all depends on how quickly you get the documents to the company, whether you have a brief inspection of the vehicle and whether you need advice from one of the lenders.
What happens if I can’t make the payments?
If you do not make the payment on the agreed upon date, the lender will be required to sell your car to recover the money from the loan.
How much money can I borrow?
It all depends on the year, make, model and mileage of your vehicle, since the better it is and the newer it is, the more money you can make. The money you get is calculated using a tool called Kelly Blue Book, and is used to determine the amount of money you would get if you sold your car at that time. On average, borrowers can earn between $2,500 and $50,000.
How will I get my title back?
Once you have paid off the loan in full, the company will return the title to your car, and you can even use the same title for future loans if you ever need it again.
Will the company also hold my vehicle?
No. You will be able to continue driving your vehicle during the loan period without any restrictions.
If you still have questions, you can go to the website and read a little more about this company and learn about how it works, or if you prefer, you can call the phone number available on the website or simply go to the nearest Car Title Loans California office.