What Are Title Loans in Pasadena
Title loans in Pasadena are a credit option primarily used by borrowers with less-than-perfect credit who need a loan that’s quick, but more sizeable than a payday loan. California title loans have been available to Pasadena residents for several years, and can be a popular loan option due to their speed, flexibility, and size. As the name suggests, one of the key requirements that comes with a car title loan is ownership of a vehicle – keep reading to find out more about how you can qualify!1
What Are The Qualification Requirements
In order to qualify for an auto title loan in Pasadena, borrowers typically need to meet the following requirements:1
- Own a qualifying vehicle, ideally one with substantial value that is paid-off
- Have a job or other source of income that can be verified
- Be able to provide proof of their Pasadena address and ID
When it comes to title loans, the exact credit profile of the applicant is of lower importance than the value of the vehicle and the verifiable income. Unlike traditional loan options like bank loans or credit union loans, car title loans cater to bad credit borrowers and borrowers with prior credit issues such as bankruptcy.
What Are The Interest Rates For Title Loans in Pasadena?
Car title loan interest rates vary by lender, and can also vary by applicant since not all borrowers are approved for the exact same loan terms. Since auto title loans are considered to be higher risk due to the typical borrower profile, they tend to come with higher interest rates compared to bank loans or credit cards. Pasadena title loans serviced by LoanMart come with competitive interest rates, and several additional advantages, including:
- Online account access
- Several convenient ways to receive your loan proceeds and make payments
- No hidden fees
- No fees to pay off your loan early
Frequently Asked Questions About Pasadena Title Loans
How Fast Can I Receive My Title Loan in Pasadena
Title loans can be completed in as little as one business day, if the applicant provides all required documents quickly and early in the day.1 3
Can I Apply Online?
Yes! With auto title loans serviced by LoanMart, Pasadena, CA residents can apply online at any time of the day.1
Does My Car Qualify For a Pasadena Title Loan?
The easiest way to find out if your car qualifies is by completing an online pre-qualification form.1 There is no specific required vehicle year or make that determines if your car can qualify for a Pasadena vehicle title loan. As long as your car has enough value, even a high mileage vehicle could qualify.
Is an Inspection Required for a Title Loan in Pasadena?
With title loans serviced by LoanMart, you can conveniently complete your vehicle inspection online by submitting a few photos. While a virtual appraisal is needed so that your vehicle’s condition can be verified, there is no need to worry about having to drive to a store to get your car looked at!
Ready to apply for an online title loan in Pasadena? Complete the short online application an you can be on your way to get the cash you need as soon as today!1 3
