Car Title Loans in Palm Springs

Car title Loan FAQ

Palm Springs, Cathedral City, Thousand Palms, Desert Hot Springs, Rancho Mirage, Palm Desert, Indian Wells, Indio, Coachella

How long does it take to get a title loan?

From the start of the process to the finish we can typically get this done the same day.

What is the interest rate?

8% monthly on loans above $5000 and 7.5% on loans below. There is a $75 fee built into every loan for document processing. There is NO fee to see how much you can get and to get the loan itself. All fees are "after the fact.

How long do I have to pay back the title loan?

When we do the paperwork, we like to figure out how much you can afford to pay and then do a term of loan based on that amount. Typically we do terms of 2 to 3 years. Some can be longer.

I wanted a short term loan. Is this different?

The loan is set up so you can pay it back anytime you want, no matter how short. There is no prepayment penalty to do this.

What documents are needed?

• Copy of your drivers license.
• Original Title if you have it.
• Insurance. We can help you with this part.
• References
• Proof of residence (verify where you live)
• Proof that you have some income of at least $1500 a month but if you are under this amount we may require a cosigner.

Should I come to your office first?

We have found that if you use our online system you will get this done MUCH faster. We used to be totally manual and asked people to come into our office only to find they did not have everything we needed. This delayed our customers funding and was frustrating to everyone. Then we automated the process and streamlined everything by using emails, faxes and online applications. This cut the time down to just about an hour and the customer only had to make one trip - the money trip to pick up the cash and sign the document. We also found that if they could not come to us, we could come to them.

How is a Title Loan different from an Auto Pawn?

Auto Pawns are used just like a title loan except an auto pawn makes you leave your car with them and title loans do not. Pink Slip loans are the same thing as title loans. Consumer bad credit personal loans and installment loans is other names for title loans.

Do I need to be employed?

We ask that you show us that you can pay the payments. This means we will see if you have income to do this. Typically we require $1500 a month income but it could be less or more based on your title loan amount. If you do not meet this requirement we may ask for a cosigner. You can be retired or on disability or even receive payments from settlements as well.

I was rejected by my bank because of my credit. Is this going to be an issue with you?

We only use your credit to check if you are in active bankruptcy or going to consumer credit counseling. Bad credit is okay with us.

My car has another loan on it. What do I do now?

We could pay it off it if isn't too much. We also refinance other title companies loans to our lower interest rate thus giving you lower payments.

My mortgage (or rent) is late. Is this a problem?

Not an issue no matter how late you are either with your rent, mortgage or utilities.

Do I have to have a checking account at the bank?

We do ask that if you are self employed, you have a checking account but otherwise we do not require one for others.

How does my car title get changed at the DMV?

We handle all the DMV requests in multiple states.