Car Title Loans in Elk Grove, CA
When you are looking for financial help, it’s always best if you don’t have to go it alone. Title loans in California can work with you to help take some of the stress off and make sure that you’re not alone when you’re dealing with tough financial times. In fact, working with an Elk Grove title lender, you can get money in your wallet in as little as 24 hours.
Title loans are designed specifically to help when times are at their tightest. Using your car’s title, you can borrow what you need to get by, often up to fifty percent of the value of your vehicle. You’ll keep the keys while you borrow, but the car’s title goes to the lender to serve as collateral for your loan money.
The loans are short, and once you repay everything in full you get your title back. The idea is, though, that during the duration of your loan you have some financial leniency to help make ends meet, and the loan lasts long enough for you to get another paycheck in the bank or seek other forms of long term financial solutions. It’s the easiest way to get help with your money when you need it most.
Understanding Loan Regulations in California
When you get a loan, your lender wants you to feel secure and happy in your decision. That is why any good and reputable lender will follow regulations set down by the State of California to help keep borrowers confident in their loan choices. These laws cover a myriad of short term and collateral loans in California, but title lenders take their borrower’s rights especially seriously.
According to the state, there are some things lenders should always do. In most cases, you won’t even have to ask for a lender to adhere to these. They should already be aware, and are usually actively working to make sure they are compliant with the state. Just be on the lookout for a few things.
First, make sure your lender is licensed with the Department of Business Oversight. That’s an easy way to help you spot a legitimate title lender. When you do decide to get a loan, also keep in mind that a lender must always disclose not only the amount of your loan, but also:
- Any affiliated fees
- The financing or interest rate for the loan
- The duration of your loan
Keeping borrowers updated on payments lets them know exactly what to expect from the beginning when it comes to their car title loans in Sacramento. That way, they feel more comfortable since they know exactly what they are getting into.
If you feel you have worked with a borrower that has not been transparent in their lending practices, the lender should be reported to the Consumer Financial Protection Bureau right away. It is also advisable to file a report with local law enforcement.
Chief of Police for Elk Grove: Robert Lehner
Non-Emergency Phone Number for the Elk Grove Police Department: (916) 714-5111
Of course, the easiest way to make sure you’re getting everything you need from your car title loan is simply to not stress about it at all. Apply online to receive a title loan estimate in minutes! Give our office a call and we can set you up with one of the title loans Elk Grove residents have trusted for years. It doesn’t take much to get started - just a phone call and a clear car title without any outstanding liens. If you have that, we can find you a loan from a secure, reliable, licensed lender in a matter of just minutes, and you could get the financial help you’ve been looking for in just a day’s time.