In today’s world many people find the need to have short-term funding to get money when an emergency strikes. Whether it be a medical bill, a student loan, an automotive repair or one of the many other problems individuals face today, when you need money an auto title loans is one way to bridge the gap if you need quick cash, and today’s article will answer, “How do car title loans online work?”
Before we begin there are a few things you should know.
Car title loans also are called auto title loans, vehicle title loans, pink slip loans, and other variations.
For the purpose of this article, we will just use car or auto title loans as the default word that can be used for the other variations.
First, there are several things you will need to have to see if you qualify for a car title loan in California.
You need to have equity in a car so you can borrow against your car. In the state of California the minimum loan amount if $2,510. That means you cannot get a loan less than $2,510. If you want to get a loan lower than that amount you have to go elsewhere.
The second way car title loans online work is you must provide proof of income. The lender, who will be using you vehicle as collateral for your loan, will want to make sure that you have enough monthly income to repay the loan. So you will need to provide a few pay stubs.
You must have a car that qualifies. The only way to know if your vehicle qualifies for a car title loan online is to call 818-217-8960 and speak to one of our friendly representatives or fill out an application here.
Third, you must have insurance on your car. Lenders want to see a car that is insured so that if you get in a wreck their investment is protected. You will need full coverage insurance.
Fourth, you will also need to have ownership of the title in most cases.
Finally, the lender will ask for some information so that the lender can make sure you qualify. Sometimes lenders as for pictures of the vehicle, personal references, and an odometer statement. Some lenders do credit checks, some don’t do credit checks. Rest assured, however, even if you have bad credit it is likely you can still qualify for an auto title or vehicle title loan.
When you call us at or fill out an application on of our agents will utilize our proprietary car title loan calculator to see if you qualify.
You can rest assured that Big Car Title Loans Los Angeles will take the time to answer any and all questions you have. Our job is to educate you on how online car title loans work.
If you have any other questions you can refer to our Frequently Asked Questions Guide.