Are you struggling during these tough economic times? If you don’t have the best credit history, you may be wondering “ where can I get money with my car pink slip?” Well, we have the answer for you in Car Title Loans. If you have never heard of Car Title Loans before, then this article will explain the definition, processes, and reasons behind title loans entirely.
We are best suited to answering all your title loan related questions because we have been in the title loan business for nearly 25 years now, making us the oldest title loan lender in the state of California. Ever since we started in 1994, we have worked hard to provide optimal customer service, lender transparency, and consumer education. For these very reasons, lately, we have been expanding our website to include a wealth of informational articles to take care of all your title loan queries. If you wish to learn more about title loans, keep reading.
Unfortunately, traditional lending institutions such as banks and credit cards companies don’t approve customers who have sub-prime credit scores and a less-than-perfect credit history because these things indicate that the borrower would be “high-risk” if approved. These traditional lending institutions tend to lend unsecured loans, which means that they don’t have collateral and require that the borrower have a high enough credit score to vouch for their ability to pay back the loan in a timely fashion. However, with Car Title Loans, individuals can borrow money in the form of a secured loan using the collateral value found in their vehicle instead.
We are able to do this by keeping your vehicle’s pink slip and signing onto it as lienholder. But this does not mean you lose your car. In reality, we only keep the pink slip while you drive away in your car, keeping it for the duration of the length of the loan as long as you make your monthly payments on time. We are passionate about helping our customers regardless of their credit score since, to us at TFC, our customers are more than a mere number. If you decide to apply, we do check your credit score but only to verify that you aren’t currently undergoing credit counseling or in active bankruptcy.
With our years of experience, we have simplified the application process significantly so that you have to deal with as little stress as possible. Unlike banks, we require only a few documents in order to approve you. The documents we need to see are as follows:
• Original vehicle pink slip proving sole ownership
• Government-issued identification matching name on the title
• Current vehicle registration
• Proof of vehicle insurance
• Income or ability to repay the loan
• Proof of residency matching name on the title
• Names and numbers of four references
• Six pictures of your vehicle from all four sides & Vin plate & odometer
Do you still have a few financing payments left on your vehicle? Good news, we may still be able to help you out with a title loan if the situation allows it. It depends on how much your car’s trade-in value is compared to how much you still owe on it. Other title loan companies won’t be flexible to fit those last few financing payments into the title loan but TFC Title Loans always makes sure that your convenience is a priority. For us to incorporate the last few payments on your vehicle, it would need to qualify for double the amount that is still owed on it. So in the event that you qualify for that much, we would be very happy to approve your application for that amount!
We hope that you have found this article both informative and encouraging. However, if you have been left with any unanswered questions then please give us a call at our toll-free number straight away at 855-548-8357. We have friendly title loan agents standing by the phones who would be happy to answer any of your questions and address your concerns. If you are sure that a title loan is a right option for you, then consider applying with TFC Title Loans to get the most competitive rates in the business. All you need to do is fill out our fast and simple online application. After that, we will give you a call to give you a free quote and discuss the next steps in the process. We look forward to working with you!