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03 Jun 2019   /   0 comments

What Are Cash Title Loans?


pexels-photoWhat are cash title loans? We get asked this question very often here at TFC Title Loans.

We receive it so often that we thought we might as well publish an informational article about it so that every customer can learn what they are and how they work.

.There is no one better equipped to answer all your questions as we are actually the oldest title loan lender in California.

We have 25 years’ worth of knowledge which we believe we are responsible to pass on to all of our loyal customers. We feel responsible to pass all this information on because ever since we first opened our doors in 1994, we have been incredibly passionate about consumer education and lender transparency.

We consistently make our customers the number one priority in our business model. When they are satisfied then we have done our job.

There are still many people who do not know what Car Title Loans are or how they work because they haven’t always been as common as tradition personal loans in the lending industry.

However, they have been gaining in popularity in the last decade as more and more people are realizing how convenient and necessary they are. Car Title Loans like those we offer here at TFC are perfect for individuals who cannot wait the long stretches of time that are required for loan applications and approval processes at banking institutions and for those who have less-than-perfect-credit scores which might lead to a rejection from the bank.


What Are Cash Title Loans?

Car Title Loans are a specific kind of secured loan for individuals who need money quickly or have a less-than-perfect credit score. The word ‘secured’ is used to mean that the loan is based on a piece of collateral, unlike an unsecured loan which is based on the person’s guarantee alone.

Your approval and the amount you can borrow from a title loan is completely determined by the trade-in value of your vehicle and your ability to repay the loan every month in regularly scheduled payments.

If you continue to make the monthly payments on time, you continue driving your car as you usually would even though it is the collateral your loan is based on.

The title loan lender simply signs the title to place a lien on it and once you have finished paying off the title loan, the lender removes the lien from the title and sends you pink slip back to you.


How It Works

  1. Online Application: Filling out our online application is so incredibly simple and fast that it will likely only take you five minutes or less to complete.
  2. Call from Us: Once we receive all your information from the application form, we will give you a call to give you a free quote and see if you wish to continue with the approval process.
  3. Documents Needed: In order to approve you, we need to see a few documents including your vehicle’s title, proof of residency, identification, proof of income, and registration.
  4. Vehicle Inspection: Once you are approved and you come in to pick up your money, we verify the condition of your car to make sure it matches up with the original details you provided to us.
  5. Finalize the Terms: Study your terms and conditions in the contract for your title loan and then sign off on it.
  6. Leave with Your Money: Walk out of the office with your loan money.
  7. Pay Off Your Loan: Pay according to the schedule monthly payments or pay off the loan as early as you would like since we charge no prepayment penalties.
  8. Get Your Title Back: When you have fully paid down your loan we will send your title back to you after releasing out a lien on it.


If, after reading this, you still have questions about what title loans are or what our company is like then give us a call straight away as we would be so happy to answer all of them.

And, if you prefer, you can utilize our online chat option as well. However, if you feel ready to take the next step towards obtaining your title loan then fill out our online application located on our homepage.

Just fill in some basic information about your car and we will get back to you within only a few short hours after receiving your information. We look forward to hearing from you.

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