Califorina (PRWEB) February 18, 2013
California Car Title Loans just debuted their brand new application on their website at http://www.ca-cartitleloans.com. Whether applicants are from San Francisco, L.A., or somewhere in between; the new application can help people connect with lenders all across the state in a fresher, faster way.
The application process has been simplified so much so that hopefuls can fill out the online application in just a minute’s time! In this way, California Car Title Loans hope to lend borrowers the money they need in a quicker and more efficient way. Other car title loan companies have applications that take 15-20 minutes, and potential applicants may feel just as frustrated as if they were standing in a queue and the bank!
Unlike applying for a bank loan, people applying for a car title loan in California don’t have to wait for days and days on a credit check that they may or may not pass. In fact, California Car Title loans stands apart from bank lenders by doing things a little differently. They bypass the credit check process altogether and lend money based upon vehicle value rather than credit history. This means that people with bad credit, no credit, or bankruptcy on file can borrow money in a way that they can’t do elsewhere. Because car title loans sidestep the grueling credit approval process, people can have the money in their hand in just 24 hours after applying.
Oftentimes college students can’t get a loan because they are young and haven’t developed a credit history yet. Car title loans are a great way for them to get the funds they need to pay bills, tuition fees, or simply fill up their gas tank to go home for the weekend. Other times, people with a less-than desirable credit history may face a medical emergency in the family and need money quick. They can acquire the necessary funds to pay for their immediate hospital bills until their next few paychecks come in.
Unfortunately, some people on the west coast have a skewed view about car title loans. They think of high interest rates, repossession, and scam. But did you know that hundreds of people are turning to car title loans as a way to get quick cash, and find it so successful they take out another one immediately following the completion of the first! Like fire, title loans can be a saving grace to those in need-- it all depends on how you use it.
Car title loans are not meant to be long term loans. Instead, they are best used hold someone over for a brief period of time and paid back within three months of taking out the loan. Sure, people can take a longer time if they so desire, but that’s when interest rates start to skyrocket. If one uses car title loans correctly, they might discover the perfect solution for a financial bind.