Title Loans Escondido, CA
Going to the bank for a personal loan can be a hassle. Different factors determine if you will be approved, which can include your occupation, your income level, and your credit report. It also involves a waiting period which can come too late for the people who need the cash soon. Nevertheless, same day funding is available through title loans in Escondido. A credit check is required, but it does not affect your chances of getting a loan. Learn more about title loans in California, and get a free quote from us by applying today!
Free and Easy Application
As long as you are 18 years old or older, you can apply for a title loan quote with us online. The free application we give to you questions your vehicle details. The majority of the questions you need to answer regards the vehicle make, mileage, year and model. The only personal information we will need besides your name is a number we can call you at. A highly-trained professional loan agent will accommodate any title loan needs you may have. From answering any questions you have, letting you know about paperwork you need to bring, to finding a title loan lender in Escondido.
The paperwork you need to bring may include:
- Photo ID (Driver’s License or State ID)
- Proof of income (Bank statements, recent pay stubs, etc.)
- Proof of residence (Government-issued mail, or utility bill)
- Proof of insurance (Full coverage insurance needed if loan amount exceeds $2,500)
- Auto title
With this paperwork, it is necessary to bring your vehicle as well. The title loan lenders must record your vehicle condition prior to giving you your loan. The condition of your car can change the loan amount you get. Any damages or accidents tied to your car will also be noted. You are not obligated to hand over a spare set of car keys to the title loan lender, and will be able to drive the vehicle while you are borrowing money.
More Information About Title Loans
Title loans in Los Angeles are generally paid off within 30 days. You may talk to your lender about renewals prior to the maturity date if you are unable to pay it in that time. There is a processing fee of $75 if you do receive a loan at $4,999 or less. Any loans more than $5,000 does not include this fee. In regards to your loan, your ability to repay it back will be considered. Title loan lenders are here to help, and are not operating under the act of simply repossessing your vehicle. They try to provide you with the most desirable loan you can receive from any lender. They also operate transparently which means that they will disclose any information about payments, payment dates, interest charges, or any other additional charges that can incur before you sign the paper.
The title loan lender can also include terms of default and repossession. If the borrower defaults on the loan, meaning that they cannot pay off the rest of the money they owe, a lender has the right to repossess the vehicle. They must notify the individual of repossession, and let them know about the borrower's rights. You can retrieve any personal belongings left in the vehicle after repossession. The title loan lender must also give you notice if they want to sell the vehicle to make up for the loan. By law, if any money is left from the sale of the car the borrower will get it back. If in any unfortunate case that the vehicle value does not cover the loan, the borrower will still have to pay the rest of it.