If you feel like you’re trying to ride out a hurricane of rough times, and are looking for some cash to repair the hole in your boat, then auto title loans in Riverside may be the right financial solution for you. When times are hard, credit can often take a tailspin, which means most lending institutions in California won’t approve you for a loan. Since Riverside title loans from 1-800LoanMart are based on your car’s value and your ability to make payments, your credit score simply doesn’t affect your ability to qualify.
What’s the Scoop on Title Loans?
The basic idea behind car title loans in Riverside is that you have a vehicle that is either completely or mostly paid off. If this vehicle is younger than ten years old and has less than 150,000 miles on it, you can borrow against its value.
The difference between what the vehicle is worth and what you owe is called equity. You may be able to borrow up to 85% of that amount. The only other requirement is that you must have some form of documented income. It doesn’t matter if you work for yourself, or for someone else – even if you are on disability or retirement income – as long as it is documented, it should work.
Riverside auto title loans from 1-800LoanMart are very straightforward. You give us your title and we give you the cash you need. Just pay a set amount each month for the duration of the loan, which is usually somewhere between 12 and 36 months. As you make your payments, you will be increasing your credit score, because we report all of your payments to the credit bureaus. Once you have paid off the loan, you will get your title back. Meanwhile, you get to keep driving your car.
If you thought the only way to get cash out of your car was to sell it, consider Riverside title loans from 1-800LoanMart, where you not only get your cash, but you keep your car.