Car Title Loans in Glendale
Getting a loan doesn’t have to be difficult or stressful. In fact, when you get a California car title loan, you can have everything done in just minutes and your loan money could be in your account in as little as a day’s time.
Title loans are so simple because they don’t depend on an intricate system of qualifications and approval. Instead, these loans are a type of collateral loan that uses your car’s title as security for the amount you borrow. You keep your car, but the title paperwork is held temporarily by your lender. Once everything has been repaid plus any interest or fees, the title comes back to you without question or hesitation.
In the meantime, you get a fast and easy loan that lets you take charge of your finances when things get tight. The loans aren’t long-term, and they won’t work quite the same way as a bank loan. What they are best at is getting you the cash you need to make it through while you are waiting to get money in the bank or are in the process of finding longer term financial solutions.
What To Expect From A Glendale Title Loan
Not all title loans are built equal. Knowing what to expect from your title lender will help you decide if you are getting the best possible loan for you. A good place to start is to understand state regulation and what a lender must and simply cannot do.
In California, car title loans are perfectly legal as long as they follow a few regulations. These regulations are mostly in place to help keep borrowers safe and let them feel confident in their decision to borrow using a title loan.
Most lenders put their borrowers as a top priority and actively work with both the state and their customers to better serve borrower’s needs.This includes following regulations regarding fee disclosure, loan minimums, and loan agreements.
To make sure they are getting the best loans possible, borrowers should know that:
- California title loans are for a minimum of $2,500
- All lenders must provide borrowers with a written loan agreement
- This agreement must include statements of any fees
- The agreement must also make clear the interest rate
Any lender that does not follow this as a matter of practice does not have a borrower’s best interest at heart. If you believe you have been working with a lender who has abused your rights as a borrower, contact the Consumer Financial Protection Bureau immediately and let local law enforcement know about the matter.
Glendale Chief of Police: Robert Castro
Non-Emergency Phone Number for the Glendale Police Department: (818) 548-4840
Of course, if you ever want any assistance understanding California title loan regulations, all you have to do is give our office a call. We have years of experience working with the most trusted title lenders in Glendale, and we know California title loans inside and out. A member of our team is standing by to answer any question you may have, taking as much time as you need to make sure everything is clear and comfortable for you when you get your title loan quote.
We can also set you up with a title loan in Los Angeles in a matter of minutes. Working with the best lenders in the area, we can get you a loan with just a little bit of information about your car and a short phone call. It’s the easiest way to get the money you need into your bank account in as little as a day’s time.