If you’re putting off a future purchase or important home repairs because you think the loan process is going to be long and complicated, you’re in for a big surprise. Vehicle Title Loans of Bakersfield can provide you with a simple loan in a matter of 24 hours or less. That’s right; you just apply today, and you’ll be driving away with loan funds in one day or possibly hours. Our simple process eliminates most of the required financial documents associated with traditional loans, so you get your money fast. You can also use the money anyway you see fit. The cash can be used to pay off your high-interest debt, cover veterinary expenses or make plumbing repairs. The folks at Vehicle Title Loans of Bakersfield will never ask customers why they want to take out title loans in Bakersfield. Given the choice between taking out a traditional loan with all the rules and regulations, most folks will always opt for a simple, fast car title loan. In addition, qualifying is pretty easy when you own a working automobile with a clear title. Just think about all the possibilities with cash in your hand today.
What to Expect From a Secured Auto Title Loan
Before taking out a vehicle title loan, you want to make sure you understand what you’re agreeing to. You should be the legal owner of a vehicle like a car, motorcycle, SUV or a truck that you are more than willing to offer as collateral against the loan. Vehicles act as collateral, so you need to feel confident that you can stay on top of the loan payments.
Because loans are secured, Vehicle Title Loans of Bakersfield will be placing a lien against the title to your vehicle. The lien does give us the right to sell the vehicle if the borrower fails to finish paying off their loan. The paper car title is turned in at the loan closing. It remains with us until we receive the final payment. At that time, the car title is returned to the borrower.
Essentially, Bakersfield, CA title loans require the borrower to make payments against the loan. Payments are posted against both the principal and the interest. You’ll be provided with a legal contract that abides by California auto title loan regulations and are expected to review and sign the contract.
Making Sure You Meet the Loan Conditions
When the time is right to apply for title loans Bakersfield, you’ll want to take a few minutes to look over your monthly expenses and income. This will help to assure that you are ready to take on an additional payment and will help you to determine a logical repayment plan.
Vehicle Title Loans of Bakersfield make it possible for you to submit an application using any one of three different application methods.
Checking out the Process and Benefits