Every American knows about the pitfalls of the recent housing market crash and the adverse affects on homeowners and borrowers. Californians are more intimately familiar with the crisis, as California was one of the hardest hit states with an unusually high number of foreclosures. What is not as widely known is that following the collapse of the housing market, the U.S. government offered federal assistance to those borrowers who were struggling to make their payments. But, there was a catch. Federal assistance could not be obtained unless the borrowers went into default and stopped making their payments. So, responsible people who have never been late on a payment in the past were forced to stop making payments and default on their loans. As a result, their credit score suffered greatly, making them a wholly unattractive lending prospect in the eyes of the traditional banker. Now, months later, many Californians who defaulted to get that federal assistance find themselves in need of some money for an unplanned expenditure or an unforeseen financial problem. Where can they go? They certainly will not be able to obtain a traditional bank loan because, as a result of their default, they no longer meet the traditional lending standards. A car title loan may be the best possible solution.

What is a car title loan? A car title loan is a loan against the equity in your car. The underlying principle behind car title loans is that your car has value as a physical asset. Instead of just driving your vehicle from one location to the next, you can use that value as collateral for a title loan, as well. The benefits of getting a car title loan are numerous. Title loans offer an easy application, easy, no-hassle approval, quick cash for those purchases that cannot wait, and the opportunity to get more value out of your car by using it to get a loan while continuing to drive it. Thus, the added benefit of keeping your means of transportation while repaying your loan makes the acquisition of a car title loan a way of doubling the value of your car. Continue reading →

In today’s economy, you may find yourself among the many Americans who are struggling to make ends meet, not knowing where to turn to obtain financing when money is short and credit is poor.  You need money quickly, to pay a bill, finance a necessary but poorly-timed purchase, or just to tide you over until your next paycheck.  What are your options?  Traditional bank loans and credit card usage are not viable options because they require borrowers and consumers to have a good credit history.  Moreover, these options are anything but quick.  They require borrowers to fill out endless amounts of paperwork and provide numerous different forms of documentation – all with only a slim chance that the borrower’s loan will actually be approved.  With all of that in mind, a car title loan may just turn out to be the right choice for you as a borrower to investigate further.  If you have a free and clear title to your car and its value meets the minimum requirement for car title loans, using your car as collateral for quick cash may be the best answer to your financial needs.

How do I proceed from here?  How do I actually get a car title loan?

First, you should find a title loan company, within your travel and comfort spheres – one that is easily accessible to your place of work or your home with employees who make you feel you can work with them comfortably, like those at Car Cash Loans.  Next, you must gather the “essentials” to make this process quick and easy.  Fortunately, another of the many favorable attributes of a car title loan is the comparably short list of documents, etc. that comprises this list of “essentials”.  This is what you will need to get rolling:

• The Certificate of Title  (“pink slip” to the vehicle)
• Driver’s License (or other valid government issued photo ID card)
• Proof of Income (adequate to comfortably cover the payments)
• Insurance Card (for verification of full coverage including comp and collision)
• Contact Information (verifiable)
• Spare Key Continue reading →