How a Car Title Loan Can Jump Start Your 2018
Car Title Loans? What are they?
A car title loan is a loan secured by a vehicle that the borrower owns. To qualify for most car title loans, the borrower must own the vehicle outright, or almost own. In some cases, if the vehicle is nearly paid off and there is equity, the loan will be granted. The existing loan will be paid off by the new car title lender, and the borrower will receive a cash out amount. The borrower must have the title, (unless the existing loan is being paid), and there can be no other liens on it other than an existing car loan.
How Do I Obtain a Car Title Loan?
At Coastal Title Loans & Finance, LLC, one of Orange County’s leading specialty consumer finance companies, a borrower must first fill out an application. Applications can be completed in our Westminster office, or more conveniently, online at http://www.coastaltitleloans.com/apply-now.html. Filling out an application takes just a few minutes and starts the process. An applicant must then provide only a valid government issued ID and the title to the car. Unlike most other companies we DO NOT require Auto Insurance, Proof of Income, Employment or Residence, Bank Statements or any other type of documentation! Yes, the only things we need are your ID and Car Title!
What about a Credit Score?
Since the car title loan is secured by a vehicle, we do not run a credit report. Some title loan companies may do so, but it is not necessary. Approval for our loans is not based upon a person’s credit history, so any credit or no credit at all is ok! A car title loan is a great alternative for people who have poor credit and cannot obtain more conventional loans from a bank or credit union.
How Long Does the Process Take?
At Coastal Title Loans & Finance, LLC, all car title loans are completed in minutes, while you wait. You keep your car and walk away with your cash. It’s as easy as 1, 2, 3. There is no 24-48 hour approval and funding process, as is with most other companies. Since there is very little paperwork, and there are no credit or background checks, our processing time is greatly reduced when compared to that of conventional loans, as well.
Once the application is completed and the car or truck is assessed for value, the final loan documents are drawn up. Once the documents are signed, a borrower has immediate access to his or her money. It can be used for an emergency, to pay off debt, or even for a vacation. Whatever the reasoning, a car title loan can help you in 2018.
So, if you need cash fast, with no questions asked, Coastal Title Loans & Finance, LLC is your best choice. We look forward to seeing you at our Westminster office or hearing from you at 714-701-8555.