This is our main page for car title loans
If you're facing a cash emergency, chances are good you are looking for ways to help yourself. Wether you are looking for a way to cover a medical expense, fund repairs to your car or home, or simply looking to make ends meet, it can be hard to know where to turn.
Luckily, here at True Financial, we are here to help you get the loan you need to dig yourself out of your cash emergency and get back on the right track.
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A California title loan is a short-term personal loan that can be used to cover temporary financial emergencies, surprises, and more. Car title loans are a type of secured loan, and are incredible popular because they are incredibly easy to get, can offer fair interest rates (unlike other short-term loans such as Payday loans), and can be applied for and approved incredibly fast.
Auto title loans are based off of the value of your vehicle. Typically, the loan you will received will be 30-50 percent of your car's total value. If you are unclear what your car's market value is, a great place to get that information is Kelley Blue Book. While they are called auto title loans, taking out this type of loan is not restricted to cars, however. You can take out a title loan on your motor home, your truck, your RV, your motorcycle, even your boat.
How do I Apply?
Applying for auto loan is famously many times easier than applying for a traditional personal loan from a bank or even an online lender. In fact, applying for a car title loan is easier even than applying for a credit card, a job, a school, or anything else that requires you to jump through several different hoops just to find out whether or not your qualify. The entire application process will only take you a few minutes. To make it even easier, you will only need a small number of documents to complete the process. In order to qualify, you will need to be able to prove that you are over the age of 18 and live in the state of California. That means showing a valid state ID. You will also need to provide a lien-free car title with your name on it. This lets lenders know that your vehicle is free, clear, and owned by you.
Here at True Financial, we will help you use your car as collateral to secure a title loan. The title loan itself will be directly tied to the value of your loan. That means that your credit score can be incredibly low and you will still be able to qualify for a title loan. In fact, many lenders do not even ask to see your credit score or history during the application process. That means that you can have bankruptcies, foreclosures, unpaid debts, and more in your credit history and you will still be able to qualify for a car title loan. While other loans might be impossible to secure with a bad credit score, True Financial offers fast same day service is a licensed lender who can help you qualify for an online title loan completely online loan worth $2,500, $5,000, $10,000, or even more depending on the value of your car!
Getting an Auto Title Loan with Bad Credit
Because car title loans are secured loans, they typically come with relatively high interest rates or APRs (annual percentage rates) compared to traditional personal loans, but if you are in the market for a same-day loan, title loans have some of the best interest rates in the business.
For example, the average APR for a car title loan is 300 percent. Even if you pay back your title loan within a 30-day payment term, you will still pay an interest rate of 25 percent. While that is high, it is far lower than, for example, a payday loan. Payday loans typically carry an APR of 400 percent! Considering payday loans are the other most common form of same-day loans, car title loans are quite the bargain.
Keep Your Car
Another attractive asset that car title loans have to offer is the fact that while you are using your car for collateral, you do not need to give up your car during the life of your loan. The only thing you need to give to your lender in order to take out a car title loan is your actual title. Other than that, you can drive and operate your car as normal!
Of course, because car title loans are secured loans, you do run the risk of having your car repossessed if you should default on your loan. But even if you are unable to make a payment when it is due, we at True Financial make payment terms flexible to fit your needs and abilities to pay.
Bad Credit is Welcome
If you are only taking out a car title loan because you are simply unable to qualify for other types of loans that require strong credit scores, a title loan can actually help you set yourself up for the future.
If you are looking to take out a car title loan to improve your credit score, let us at True Financial know and we will make sure to set you up with a title lender that reports to the major credit report bureaus. That way, future lenders will be able to see that you have managed to turn your borrowing around and can borrow and pay back responsibly.
Visit True Financial Today
If you are in need of an injection of cash to make your life easier, and you need it as quickly as possible, do not hesitate to reach out to True Financial
Our experienced loan specialists want to help you as best they can and will make sure to find you a loan amount and package that suits your financial needs. You can have your cash in hand in a matter of minutes. If you are looking for a way to take back control of your finances, look no further! True Financial Title loan is here to help.