What is a Car Title Loan?
A Car Title Loan (also known as pink slip loans, auto title loans, auto equity loans, or title loans) is a loan given to you in exchange for your car title. With this title, SameDayTitleLoan.com can use your vehicle as collateral. This collateral allows us to offer quality loans to prospective customers regardless of credit history. Since we only need the car title, you can continue to drive your car during the loan period. Once the loan is paid off, your title is promptly re-issued to you and you can apply for a new loan whenever you need it. Since everything is done within our company, we can approve you for a loan in minutes!
To apply for an auto title loan today, call 1-877-221-1249 or fill out an Online Application.
What is a ‘car title’?
A car title, also known as a pink slip, is a legal document that establishes a person or business as the owner of a vehicle. If the car is paid for, the title would be in the owner’s possession and if not, the title would be in the possession of the lienholder, or financial institution.
What is ‘equity’ and how does it affect my loan?
Equity is the wholesale value (minus the loan balance) of your vehicle. It represents the worth of your car. Loan amounts are based on the value of the vehicle and almost everyone qualifies!
How are Car Title Loans different from Payday Loans or Pay Advance Loans?
First, Car Title Loans allow you to make easy and affordable monthly installment payments whereas Payday Loans require you to pay off the entire balance at once. Second, interest rates on Car Title Loans are much cheaper than interest rates on Payday Loans. Lastly, Car Title Loans allow you to borrow significantly more cash than Payday Loans - up to $50,000.
Do I need good credit to get a loan?
No! We can approve your loan today regardless of good credit, bad credit, or no credit. The main criterion for our loan decision is your vehicle's value. You can even can build and improve your credit by successfully paying off your car title loan.
I've had a bankruptcy in the past. Can I still get a loan with you?
Absolutely. As long as your bankruptcy has been discharged, we can approve you for an auto title loan today.
How quickly can I get the money?
At SameDayTitleLoan.com, we can put money in your pockets in as little as 1 hour. Applying online or by phone (1-877-221-1249) takes only a few minutes, pre-approval takes less than 1, and all that’s left is completing the paperwork and checking out your car. You can leave with cash in your hand on the same day!
What sort of documents do I need to provide?
The documents typically include your car title, a copy of your ID, and proof of phone or address (for example a phone bill or utility bill). For the complete list of required documentation, call an auto title loan representative at 1-877-221-1249.
Does my car need to be paid off?
No. If you still owe a little money on the vehicle, SameDayTitleLoan.com can pay off that debt as part of your new loan. Speak with a loan representative about your current situation to provide you with the right loan.
What if I can’t find my car title or registration?
At SameDayTitleLoan.com, we can do all the DMV work for you. This includes obtaining a duplicate car title, changing the title under your name, registering out-of-state vehicles, and more! Just call us at (877) 221-1249 so we can help you out and save you time.
What happens after my application is approved?
You will be contacted within 24 hours via phone or email by a loan representative who can set up a convenient time to finalize your loan.
How long do I have to pay back my loan?
Our average term is 24 months. However, we can offer longer or shorter payment terms to best fit your needs at no extra cost.
Can I pay off my loan early without a penalty?
Yes! SameDayTitleLoan.com does not charge any penalty fee whatsoever for making early payments, so you can pay off your loan at any time.
When will my first payment be due?
Your first payment will be due 30 days after you receive your money.
How do I make a payment?
You may mail payments on your auto title loan to our payment center, pay by phone with a check, or you may set up monthly automatic electronic debits from your checking account. We also accept payment via direct deposit, and MoneyGram and Western Union.
When will I get my title back?
Your title is promptly re-issued to you by the DMV as soon as the loan is paid off.
What areas does SameDayTitleLoan.com serve?
SameDayTitleLoan.com is located on Fulton Avenue and we serve all of the surrounding communities in the Greater Sacramento Area including Antelope, Cameron Park, Carmichael, Citrus Heights, Davis, El Dorado Hills, Elk Grove, Fair Oaks, Folsom, Gold River, Granite Bay, Loomis, Orangevale, Placerville, Rancho Cordova, Rocklin, Roseville, and Shingle Springs. As long as you have a California car title, we can give you the cash you need today!
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