Big Car Title Loans San Diego Has Helped Many Consumers Overcome Their Financial Crisis
Desperation might leave you looking for a fast cash solution in the case of an emergency financial situation. Most people want to avoid banks because they typically make it pretty tough on customers to qualify for their loans. This often leaves borrowers at the mercy of lenders that fleece them with high interest rates and fees. Pay day loans and personal loans also specify tighter repayment plans that leave very little cushion for borrowers who are already struggling with their repayment commitments. Big Car Title Loans San Diego presents an instant solution that overcomes any banker’s delay and ensures that cash reaches the loan applicant in record time. There are fewer formalities and fewer rules to comply with.
Car title loans are quick and efficient and do not suck you into the vortex of complicated rules and regulations that most average people find it difficult to comply with. If you have your car registration papers that show you are the true owner of the car, and you can produce some proof of income, then you are well on your way to securing the car equity loan. These are loans that stand by you in all emergency situations and eliminate the need to apply for costly loans like payday loans and personal loans.
Simply visit the title loan website and fill out the form at the top of the page. Then a title loan professional will call you back to get started. You may be required to drive your car to our local title loan store, but that is merely for figuring the vehicle’s current resale value. Once the car value is determined it is easy for the title lender to decide the loan amount. Often the disbursement of cash takes around 24 hours.
The problems in approaching a banker become apparent the moment you enter the bank’s premises. You need an exceptional track record of good credit to access bank loans and many people automatically get rejected when they carry a bad credit history. This problem is avoided with car title loans because we don’t worry about your past financial mistakes. The only requirement is that you posess the income necessary to repay the loan comfortably.
These are the basic formalities to apply for a car title loan:
1. Present your driver’s license, proof of income, proof of insurance and car registration and title.
2. Ensure your car is registered to the local DMV and it does not carry the burden of any past liens or loans. If there is a slight balance pending against the car it would be wise of you to eliminate the dues altogether or ask the title lender to merge the old and new loans.
Interest rates rarely exceed 25% APR, which ensures that car title loans remain the most cost effective option for financing to take care of your emergency needs. These rates are far better than the sky high rates that payday lenders charge to shell out smaller loans with quicker repayment deadlines, leaving you little space to breathe. Another advantage is the total amount you are able to borrow. Title loans extend loans up to 70% of the current resale value of the customer’s car. You won’t find pawn lenders shelling out more than 21% of the value of the items used as collateral. That instantly puts car title loans on a higher pedestal as a reliable quick cash sources.
If you are in the middle of an emergency situation, don’t hesitate to contact Big Car Title Loans San Diego to help you get back on your feet.