Car Title Loans in HesperiaCar title Loan FAQHow old do you have to be to get a title loan?Legal age of 18.How do interest rates work on title loans?Make no mistake, title loans can be expensive if you keep out the loan for a long period of time. The reason why is that title loans charge monthly on the balance. 7.5% is the rate for amounts over $5000 and 8% for smaller.How long do I have to pay off the loan?We will give you 2-3 years to pay off the loan but you can pay it back faster at anytime with no prepayment penalty.I only need the loan for a month or so. Does that change anything?That's actually good because you are charged monthly on the interest rate but you will not get penalized for paying off the loan early.How easy is it to get a title loan?Extremely easy. First, we can process your loan fast! In about an hour, you can have money actually waiting for you to pick up but most people take about a day.What documents are needed?• Copy of your drivers license• Original Title • Insurance • References • Proof of residence (verify where you live) • Proof that you have some income of at least $1500 a month Is it faster to drive into your location first?This will slow things down a lot. The reason why is that we handle everything from our main center via electronically and faxes. This is the way we beat our competition with getting the loan closed in minutes.What other types of title loans are there?Title loans fall under two categories and have usually a couple payback procedures. Our's is the cleanest and most honest. We handle this just like a typical loan. You make payments against the interest and principal, not just the interest. You also make regular installments to pay it off so there is an end to the loan. Also, we do not hold the car like an auto pawn company does.Do I have to have a job?No but you do have to have the means to pay us back. To that end we need to know you have at least $1500 a month in total income coming in per month.What about my credit? It’s not that great. I need a bad credit personal loan now.Credit is an issue for over 50 million Americans right now. This economy is killing peoples ability to get loans. We know this and all we care about is that you are not in active bankruptcy right now.Does my car need to be paid off?That depends. We can pay off a few payments for you to clear up the title.My car is registered in another state. Can I still do this?No. We will have to do a title transfer for you before we can get the loan closed.I am behind on my bills. My mortgage is behind and more. Does this hurt me?Not an issue for us at all. I have a car title loan with someone else. Can you help with this?Absolutely. We can pay it off for you.Do I have to have a bank account?Only if you are self employed; otherwise no.Do I have to mess with the DMV?We do all the DMV work ourselves so you don't have any more time wasters to get this done. |
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