California's #1 Title Loan Lender
If so you know that you would bring in your item, say a watch, to the pawn shop and the dealer would figure out how much the watch is worth. Then they would figure out how much they could loan you. The amount is never the true value of the item because they have to consider that you may not pay off the loan and they may end up putting it on their shelves to sell to offset their loss.
Car title loans are just like a version of this but the difference is you don't give them the car to hold. You still have it in your control and you still get to drive your vehicle.
First, you fill out the on-line form on our site. You provide your name and contact information on the provided web form and you can specify the best time for the representative to contact you or you may contact us directly. Then your assigned representative contacts you to discuss your loan options.
We determine the best program based on the your individual circumstances, the loan interest rate and the duration and term of the loan that works best for you. Your assigned representative will stay in contact with you until you have either told us that you no longer need the loan or that you have been given the loan and are happy with the result.
When the underwriter contacts you, they will quote you a number which is the maximum amount they can loan you. You do not have to take that full amount but you can if you desire. You will also be quoted an interest rate. Note that this rate is a monthly rate, not yearly, based on the amount of the loan. You will make monthly payments based on the duration you request, the interest rate amount and the principal.
You will be asked to sign a loan agreement with the lender. They will also verify the condition of your vehicle and odometer. They will also be placed as a lien holder on the title until the vehicle title loan is paid off.