Article provided by: Car title loan California
Misconceptions About Car Title Loans in Los Angeles:
If you need cash fast and have been turned down by your bank for a loan, you may be thinking about a car title loan but worry that the cost is going to be too high or that your credit will take a hit from borrowing from a car title loan lender. There are numerous misconceptions regarding car title loans in Los Angeles. Car Title Loans California would like to address a few of the myths surrounding our services:
LA residents can apply for car title loans in Los Angeles without having to worry that it will affect their credit score; in fact, you don’t even have to have perfect credit to be considered for a loan. We’ll look at your ability to repay the loan, along with the value of your vehicle when we make a decision on how much money we can lend on your pink slip. If you have a reliable income, there should be no problems, even if your credit score is less than ideal. We make bad credit and no credit loans as well, although you may pay a slightly higher interest rate.
You may have heard that car title loans in Los Angeles came at a high cost, typically a high interest rate on paying back the loan. While that was once the case when doing business with many less-than-reputable loan agencies, it’s no longer something to worry about. Federal guidelines have become strict in how much interest a car title loan agency is allowed to charge. Car Title Loans California believes our customers deserve a fair rate of interest so that their loan does not become a burden to them. We want to do everything possible to make sure you can pay back your loan and remain eligible to borrow from us in the future.
One of the biggest misconceptions people have about car title loans in Los Angeles is that the money you borrow can only be used for certain things, such as to pay bills or to use for certain earmarked purposes. The fact is, you can use your loan for anything at all that you like. We don’t make restrictions regarding what you can do with your own money. We are simply a loan agency providing access to the equity in your vehicle- it already belongs to you. Spend it as you like!
The process for applying for a car title loan from our agency is quick and easy. You can apply right over our website if you choose to- or stop by our Los Angeles location and we’ll discuss a loan with you. Bring your proof of income with you to help us make a loan quickly. Don’t use us as a last resort for getting the money you need- car title loans in Los Angeles are a reliable way to get same-day cash in your hand. We offer a very reasonable rate of interest on a short term loan to get you the money you need right now. See our FAQ section for more information.Auto Title Loans Los Angeles
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