Online Auto Title Loans in Van Nuys, California
A car title loan provides fast access to a loan that is based on the worth of your car. If you have made all or most of the payments on your car, then you can easily get a car title loan. Anyone with any type of credit rating can apply because the loan is not based on your own credit but rather on the current value of your vehicle. A car title loan is typically approved very quickly, since an extensive background check is not required. While paying off the loan, the car remains in the possession of its owner for regular use.
Low Credit, No Credit or Poor Credit Applicants Accepted
There are many reasons why a traditional bank loan may not provide fast cash to applicants with a bad credit history. These include previous borrowers who have gone through repossessions, those who are self employed and even people who do not have a credit rating. Those types of borrowers might be able to apply for an unsecured bank loan, but it would be an expensive way to go. Because of the risk involved, the money would be lent at a high rate of interest and would probably incur extra fees and service charges. With a car title loan, you know exactly what it will cost in a short amount of time. The emergency loans can range from $2,600 to $20,000, depending on the car’s value. For anyone needing credit for bad credit, a car title loan is an attractive option.
Getting Started is Easy
Car title loans can be taken care of online or by telephone. You do not need to supply a lot of your personal history so the application process is very quick and easy.