Title Loans in Fairfield
5 Star Car Title Loans In Fairfield, California
When life hits you with troubles, it’s never one-sided. It can be an accident, medical emergency, or funeral of a known one.
And even though these situations are already hard on our bodies and minds, they also drain our resources and force us into a financial crunch.
During those moments one hopes for an easy and fast loan to help them get some extra money and get through the situation without unnecessary nuisances and waiting time.
While the two most famous short-term financial options include a vehicle title loan and a payday loan. The rigid repayment structure and high-interest rates of payday loans make them a non-viable option.
Fortunately, with 5 Star Car Title Loans, customers can get themselves approved easily by submitting a few documents and receiving funding within 24 hours.2
Let’s know more and understand how you can take the benefit of an auto title loan.
Car Title Loans In Fairfield, CA
Designed especially to help individuals with their personal and household purposes, auto title loans are easy and fast short-term loan options where people can get access to quick cash despite having bad credit by using their car title.1
In an auto title loan, the loan lender claims temporary ownership of the car by placing a lien on the customer’s vehicle title and securing the loan to provide him with funds.
Title loans are very popular because unlike other loan options these ones have relaxed credit criteria1 and flexible payment options where people can apply, get approved and receive funds while sitting in their homes.
How Do Car Title Loans in Fairfield Work?
Also being referred to by various names (including pink slip loans, vehicle equity loans, and title pawns), these collateral loans have a simplified and candid loan process where people don’t have to wait for days or go through lengthy application forms to fund themselves.2
With 5 Star Car Title Loans, they can effortlessly apply online from their homes and get their loan approved in the following steps:
Apply For Car Title Loans In Fairfield, CA With 3 Simple Steps
Fill The Online Form To Know Your Eligibility
Before rushing you should know whether you can get a title loan or not. Visit the devoted website of 5 Star Car Title Loans and fill out an online application form to know your eligibility in a matter of 5 minutes.2
The form requires you to submit some basic details about your vehicle, address, and income and you can also give us a call at (888) 309-0994 to know your eligibility.
Send in Your Documents
After you get the conditional approval, you’ll be prompted to send in a few documents such as a qualifying car title, proof of income, proof of address, etc. to confirm your credentials.
Our team will reach out and discuss all the necessary conditions and terms such as minimum loan amount, monthly payments, Annual Percentage Rate, interest rates, etc.1
Before moving on to the next step make sure you agree and understand all of them.
Sign the Contract and Get Same Day Cash
As soon as our team verifies your details and approves your application, you’ll receive a detailed loan contract which you must read, sign and send back as soon as you can.
Once we get the contract, we’ll process your loan request and you can expect to get a direct deposit into your bank account within the same business day.2
How Do You Get Approved for a Car Title Loan In Fairfield, California?
Auto equity loans are fast collateral-based loans where you only need to satisfy some basic conditions to get approved for the loan faster.1So, before you go online to apply, make sure you satisfy these ones:
Conditions To Qualify For a Vehicle Equity Loan in Fairfield, CA
- At the time of applying, candidates must be either 18 years of age or older.
- He/She should possess a government-issued ID.
- Applicants should have a vehicle with a lien-free title to their name.
- They should have a stable and reliable source of income.
Satisfying these basic conditions will make you eligible and presenting valid documents will help you to get the title loan faster.
What Are The Requirements Of Auto Title Loans?
When applying for a title loan in Fairfield, many loan agents will ask for particular loan documents to verify the applicant’s credentials and process your loan application faster.
List of Documents You Need
Current Car Registration and Vehicle Title
Title loans will never work without a qualifying vehicle and title. So when applying, make sure you present a clean and lien-free title of your vehicle.
Government Issued Identification as Proof of Identity
Fairfield residents would need an authorized photo ID to prove their identity as a citizen of the state. Normally, a driver’s license or passport will work as proof of identity.
Recent Payslips Proving Your Ability To Repay
To be eligible for auto title loans in Fairfield, every applicant must be able to prove that they will be able to pay timely installments which can be done by showing a stable and reliable source of income.
- Self-employed people or freelancers can show their bank statements, income tax returns, and other financial documents as part of the income proof.
- Traditional job ones can use their previous month’s salary slips and bank statements to apply for an auto title loan.
- Individuals who are on compensation from government entities or other organizations can submit award letters and SSI to avail of a fast cash loan.
Latest Photos of Your Vehicle
Our focus at 5 Star Car Title Loans is to provide people with fast and smooth user-friendly services. Hence, customers can just go to our online portal and take the benefit of virtual inspection to save some time.
Just click clear multiple photos of the front, back, and side of your vehicle along with the VID number and odometer reading, and streamline your loan application process.
Utility Bills Or Rental Agreements as Proof of Address
To qualify for a title pawn in Fairfield, locals should have some valid proof of their address in Fairfield, California. Most title loan lenders do accept credit card or other utility bills, property tax receipts, and rental agreements as valid documents for proof of address.
How Much Cash I Can Get With Car Title Loans, Fairfield CA?
Unlike a long-term financial solution, auto title loans are short-term collateral loans where the amount of cash varies according to the vehicle and repaying ability of the person.1
Car value is the most significant factor according to which the final loan amount varies. Generally, when you choose to apply with 5-Star Car Title Loans, you can get access to up to 75% of your car’s value in loan funds.1
Here are some things that they use (and you can too)get an estimate of how much cash you can get
- Make and Model of The Vehicle
- Brand of the Car
- Style of The Vehicle
- Condition and Age of the Car
- Vehicle Year
Make sure you use a well-kept and newer model car to get the maximum amount of cash for your title loan.
How Do Car Title Loans, California Affect My Credit Score?
Unlike other lending options, auto title loans do not affect your financial credit. As these loans are based on collateral, many lenders do not report the loan proceeds to the credit bureau.
Get Fast Cash Loan With Poor Credit Score
In automobile equity loans, an applicant’s credit score is not the major priority to get approved.1 Most lenders’ credit criteria don’t require an impeccable credit rating to get approved, a person can easily apply and get qualified despite having bad credit.
Primary factors on which your title loan eligibility depends:1
- Amount of equity you have in your car
- Ability to repay the amount
- Car’s market value
Even though, there can be regular credit checks to determine lending risk. Our expert team will check many other factors such as income proof, payment history, etc to find the most suitable loan option for you.1
How Long Does It Take To Get Approved For A Title Loan?
The time taken to complete the application and receive money is mostly dependent on the applicant. The faster they meet up with the qualifications, the quicker the 5 Star team will process the request and send the money.
When you apply for your loan with 5 Star Car Title Loans, you may be able to obtain your funds through direct deposit, check, or money gram transfer within 24 hours of approval.2
Do I need To Have a Job for Auto Title Loans In Fairfield, CA?
Auto title loans are personal loans that base a person’s eligibility on their paying ability.1 While having a regular job means a source of consistent income and you can easily pay back monthly payments, there are other ways to prove that too.
So in case, you make your money from alternate sources such as compensations, rentals, pensions, etc. You can use bank statements, compensation letters, or other proof to get approved for a title loan.1
Frequently Asked Questions
Can I refinance my title loan in Fairfield, CA?
Customers who presently have any sort of title loan in California and are stumbling with strict payback terms, high-interest rates, and other loan terms can refinance their loan by taking the help of 5 Star Car Title Loans.1
Are there any prepayment penalties?
While the fees and penalties vary in title loan companies, 5 Star does