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We all know that life moves at the speed of light on the West Coast. But sometimes you can get tripped up with unexpected problems like a car repair, a visit to the emergency room or a surprise family celebration. Fortunately, there are car title loans in Los Angeles available to help you through those trying times. If you need a sudden burst of cash, a title loan from one of our network can be a fast solution while you work out the details for the long run. Let's find out how they work.
What is a Car Title Loan?
A car title loan is a short-term loan. You offer your clear title to your car as collateral and are expected to repay the loan in a fairly short amount of time, usually within 30 days. You will pay a fee for the privilege of receiving the money quickly without waiting for a thorough background and credit check that your traditional bank might conduct.
How Can a Car Title Loan Help?
Maybe you would like to purchase something from a private party in Los Angeles and they won't accept credit cards. You need cash for the transaction, but there isn't enough in your bank account. When you are approved for the title loan, you can get the needed cash in hand in just a day or two. Now you can pick up that beautiful antique!
Is your kid sister getting married tomorrow in Griffith Park and you want to throw her a big party? Many vendors will require cash when asked to supply services on short notice. It would take a week or more to get the cash from your internet savings account. That title loan will have you partying all night long without waiting.
Can I Use My Motorcycle Title?
Title loans don't just work with your car title. If you own your motorcycle or RV, that can be offered as collateral as well. Your vehicle is appraised the amount of the loan is based on the value of the bike. You aren't turning over your ride while you pay back the loan--you can keep driving it! Now, if you default on the loan, the car title loan company can take possession of the vehicle. But a title loan remains a fast and convenient means of getting some quick cash when you need it most.
What Kind of ID Do I Need?
If you want to apply for a car title loan, just take your title, state or government-issued identification, and the information about your credit down to the Los Angeles location to any lenders from our network. Your driver's license, passport, or another official ID card will work just fine. If you don't have a bank account or credit card, don't worry. They can take into account your employment history as well.
Awesome! Let's Get It Done
Now that you've got the low-down, it's time to apply for your car title loan. While there are convenient locations right here in Los Angeles, you can always check out the website and fill out an application online. Before you know it, you will have cash in your hands, be paying your bills, and finally enjoying your life again.
Fun Facts about LA
Did You Know:
- Los Angeles is the second largest city in the country with a population just under 4 million people
- The average LA driver spends 92 hours a year in rush hour traffic, one of the worst rates in America
- Hollywood is actually a neighborhood in Los Angeles, not its own city
- The average temperature for the city of Los Angeles is 65.4F, just a little cooler than its 70 and Sunny stereotypical forecast
- LA is the largest manufacturing center in America
- Until the Rams returned to Los Angeles in 2016, the city spent twenty years without an NFL team affiliated with it
- 66 million passengers pass through LAX every single year
