Everything You Need to Know About Car Title Loans in California

By  //  January 10, 2020

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We all love having money and there’s no point in denying that. We need it to fund the everyday things in our lives and to give ourselves some treats along the way.

We all love having money and there’s no point in denying that. We need it to fund the everyday things in our lives and to give ourselves some treats along the way.

However, money can also bring us a lot of money- if we don’t have enough of it.

There could be a variety of reasons as to why you’re struggling financially; you may have just lost your job, for example, or you could have an unexpected medical bill that you have to pay for.

Whatever the reason, there are also a variety of ways to sort yourself out. Some people take on a second job and others might resort to trading on the stock market.

However, loans tend to be a pretty solid option and I’m here today to talk about a specific type – car title loans. What exactly are these, though, and what do you need to know before getting one? Read on to find out. 

Car Title Loans are pretty easy to understand. In short, you offer someone your car as collateral for a loan of whatever amount you need. You then work towards paying this loan back over an agreed period of time.

If you fail to repay the loan in time, whoever loaned you the money is able to repossess your car and sell it to pay off the remainder of your loan. This means you have an extra incentive you get your loan paid back as quickly and effectively as possible. 

The first thing you need to think about is who you’re actually going to get the car title loan from. There are a number of options and banks should definitely be up there at the top of your list.

Nearly everyone takes out loans from banks- they are almost always reliable and are true experts when it comes to money. They barely make any mistakes, tend to have good interest rates and you know that they will be fair with you when it comes to your car.

Chances are you live close to some sort of bank, so you could always pay them a visit and check out your chances of getting a title loan. They’ll have good customer service and should be good to work with, so definitely consider it. 

There are also standalone companies that deal with car title loans, but you’ll have to be more careful with this.

There are a lot of loan companies out there and not all of them can be trusted- some of them have really dodgy interest rates, for example, while others give you an unfair amount of time to pay them back before they repossess your car.

You need to make sure you’re doing as much research as you can to find a good, reliable company- this will make sure you get good financial help and that you get to keep your car. 

Make sure you have a good plan in place to pay your loan back before you take it out- this will make sure you don’t get into even more financial trouble than you’re in already. 

Being able to chat with the live dealer or croupier and fellow players is also a feature of live online casino games which all adds to the realistic feel of the online casino – remember too that you might have to wait a couple of minutes to join a table (just like in a real casino) but the experience is well worth setting aside a little of your bankroll, and you never know – it might be your lucky day!