Living in California can be really great, with the sun, the stars, the events and famous people! There are gigantic forests to roam and sunsets that are out of this world. Everything can be great until that moment when you run out of money to spend.
You might run around to banks or to loan agencies, but unless you have a pretty impressive credit score, you may be out of luck. However if you own a vehicle then you can turn to us at 5 Star Car Title Loans in California for quick financial help.
At 5 Star Car Title Loans, we handle quick loans for consumers who are in need of fast cash. No matter what your background is, your profession or your walk in life, it’s possible to be in a situation where you must have funds urgently and you don’t know where to get them.
If you happen to have a poor credit score, it can be difficult to obtain a traditional loan, but online loans for bad credit are wide open to you.
What’s the catch, you might be asking yourself? There is no catch at all! There are no hidden fees or financial trickery going on here. With title loans, everything is clear-cut, transparent and above board. It’s simply a matter of turning over your title to a vehicle that has good value.
In exchange for your title, you get cash. But no worries – when you finish paying back the cash, your title is returned to you. That’s how simple title loans in California can be!
What Are the Steps to Getting Title Loans in California?
We don’t want to take up a lot of your time filling out forms or waiting around for answers regarding approval of your car title loan request. To make it as fast and as simple as possible, we created a form that is online. It’s short and you can access it anytime you are feeling a financial pinch. Whether it’s day or night makes no difference, because you can always go to the 5 Star Car Title Loans website to fill it out and send it to us.
Whenever you’re ready, we are too! You can take care of the first step on your own in your own timeframe, or you can reach out to one of our agents for help. Whatever is easiest for you is fine – the vital thing is that you fill out an inquiry form to be considered for a car title loan.
Here is how to get started on auto title loans in California:
Go to our website to locate the quick and easy inquiry form. Fill out the questions regarding your personal identification and details and send it in to us. Remember that if you perform this task online, you can do it at any time.
After a quick review, an agent will get back to you with a lending decision. Don’t worry if you have a poor credit score – you can still be eligible for an online title loan. We’ll use our lenient credit criteria as well as your income amount and the value of your vehicle to determine approval.
If you find out that your request has been pre-approved by one of our agents, you’ll have a loan offer that you can read over and sign. Look at the terms of the title loan and if it sounds good to you, sign it and return it to our office. We’ll go ahead and prepare the cash along with a final contract for you to sign. When you receive the final contract, you’ll know the exact amount of the loan, how much money to pay back each month, the rate and the term.
Those are the 3 basic steps involved in procuring your vehicle title loan in California. Keep in mind that title loans require a valid title in your name. In return for the cash, you will need to submit the title to the lender until the end of the contract, when it has been fulfilled and the money has been repaid.
Are There Any Requirements for Getting Online Title Loans?
When you send in a loan inquiry form, there are specific requirements that will be expected. Since we’re discussing auto title loans, the first thing you’re going to need, obviously, is a vehicle. This needs to be a vehicle in good condition that has equity, or a fair resale value. To prove that you actually own the car or vehicle, your name must be listed on the title as its legal owner. When you are pre-approved for a title loan, your title will be required as security.
Here are the basic requirements for requesting car title loans in California:
First you need to own a vehicle! The vehicle needs to be in good condition with reasonable value.
Legal title to your vehicle, showing you as the owner. All the information must be current.
Adequate income – show a list of your income, along with documents or statements to prove it.
A valid bank account in your name – this can be used for depositing your loan funds into, and later on you can make online loan payments from your bank account.
An active address in California.
Your email address, for quick and easy communication.
A government issued photo ID card; for instance a driver’s license, passport or California state ID.
Since these are items you probably have on hand or are easy to find, it shouldn’t be a problem to pull them together. If you locate them and have them ready when you send us your inquiry form, it should take less than 10 minutes to complete. Let’s hear from you today!
Can Bad Credit Types Be Approved for Online Personal Loans?
There are many different types of personal loans out there, but if you have a bad credit score, you might not qualify for many of them. To be able to get traditional loans from banks or other lenders, you are usually expected to have a good credit score. Otherwise, you pose too much of a credit risk for them. That’s the advantage of getting secured loans rather than unsecured loans. If you secure your loan with the title of your vehicle, it is easier to get a loan with bad credit in California. Whatever credit background or credit rating you have, you are eligible to send in your online inquiry form to 5 Star Car Title Loans for a quick credit evaluation.
Why an Unsecured Loan for Bad Credit Instead of a Secured Loan?
If you want to get a secured loan, you should have a good income and a good credit score. Traditional lenders want to have collateral or something they can fall back on if the loan isn’t paid back. That is all taken care of with secured loans. In the case of title loans, you need to turn in the title to a valuable asset. Whatever that asset is, the lender can keep it if the loan isn’t repaid according to the contract that was signed. In the situation of car title loans in California, the borrower needs to submit the vehicle’s title to the lender. That’s how secured loans work with 5 Star Car Title Loans. You do not have to turn in your car though – only the title is required as loan collateral for a car title loan.
How Can I Be Accepted for Online Title Loans in California?
There are a few factors that we look at when evaluating your online inquiry form for secured loans in California. The basic points are related to the asset you are using to secure your loan, your income level and if it’s enough to cover loan payments and the ability to meet our general credit criteria. It’s all outlined here below, so that it will be easy to comprehend. As always, we are here to answer any questions you might have regarding your title loan form. We want to help you with quick answers and fast cash, so you can resolve any urgent financial matters you have pending.
Main requirements for approvals of car title loans:
Vehicle value and title – Your title will be used as security for your online loan – not your actual vehicle. For this reason, it must be accurate and up to date. Take a look at it to confirm that your vehicle is indeed registered in the state of California and that it lists your legal name as the sole owner. If your title is no current or you have misplaced it, take the time now to go to the DMV to get help. They can help you transfer the title to your name, update your registration to California or issue a new one if yours was stolen or lost. To make these changes, you should take documents with you that prove who you are, where you live and that you own the car. If you need help with any of these steps, reach out to us. Maybe we can direct you to the best location to get the title ready.
Here are important factors concerning the value of your vehicle:
The make, the model and the vehicle’s style.
The year your car was produced.
How many miles on the odometer.
The car’s current condition.
Adequate income – It’s important for us to know your complete sources of income, plan to send us a detailed list along with proof. The proof can come from current bank statements, government documents or salary stubs. This is how we can evaluate your ability to make the scheduled title loan payments.
Meet our credit criteria – In general, you’ll be glad to know that the criteria for being approved for online loans can be more flexible than that of the old-fashioned, traditional types of personal loans. We will run your information through our criteria so that we can present you with a fast lending decision. If your request is pre-approved, we’ll be glad to send you a loan offer to review and sign.
These are the factors that we check when we receive your online inquiry form. If you have included the documentation that is required, you can get a very fast approval answer. The online inquiry form is so short that it can be easily filled out in less than 10 minutes, so why not get started now?
When My Funds Are Ready, How Can I Get Them?
The title loans process is very fast, so of course you’re already wondering where you’ll go to pick up your money when it’s ready. You will have several options, so you can discuss the best option for you with your loan agent. Whatever you decide, it will be quick and easy. Once you get the money, what can you use it for? You can use it for anything. Title loans in California are an innovative loan solution for California residents to receive urgent cash for anything they need. Without the hassle of running around town to apply at banks or loan offices, stay at home and get cash the easy way!
When your cash is ready, here are your options for picking it up:
If you are eligible, you can ask to receive your money at one of the MoneyGram locations near you in California.
You can ask for an agent to mail a check to your residence.
The funds can be deposited directly into your bank account.
We’ll be waiting to hear from you soon!
How Long Will It Take to Get My Money?
The turn-around time depends on when you send in your online request and if you have all your documents in order. While it can be as little as 24 hours, that can vary depending on the day of the week and how quickly we receive any necessary documents.
Are you ready for your quick title loan today? We would like to help you get the cash you need for any emergency. Contact us now!