Life in sunny Fontana, CA carries a higher cost of living than most places in the U.S. This can make large, unexpected expenses hard to manage if you live there. In those moments, a car title loan might well be a helpful solution. Whether it’s cash to cover an unexpected hospital bill, a last-minute emergency trip, or an urgent home repair, title loans in Fontana offer quick and dependable ways to get money when it’s needed quickly.

Using their vehicles’ titles as collateral, Fontana residents can often secure funds without lengthy approval times or good credit scores.1 In fact, car collateral loans serviced through LoanMart have helped many Fontana residents get through rough financial patches.

What are Title Loans and How do They Work in Fontana

Title loans enable borrowers to use the equity in their vehicles to access funds. With vehicle-secured loans serviced by LoanMart, the amounts offered are mainly based on the borrowers’ abilities to make payments and the values of their cars.1 Once approved, borrowers can select the loan amounts they need, within their approved ranges. Liens are placed against the titles to borrowers’ vehicles to secure the loans after the funds are disbursed. 

One of the key benefits of borrowing with car collateral loans serviced by LoanMart is that customers can continue to use their cars while making loan payments. However, because auto title loans are relatively easy to get, it’s important to borrow only what’s needed, and to be certain payments can be made on time. Lenders can take possession of and sell the vehicles to recover the outstanding amounts if borrowers default on the loans. 

Fontana is part of the Inland Empire area of Southern California.

How Can I Qualify for a Title Loan in Fontana?

Qualifying for title loans serviced by LoanMart in Fontana is both simple and straightforward.1 Customers must be at least 18 years old and own vehicles that are either paid off or very close to being paid off, with the titles in their names. Borrowers must also supply proof of their Fontana addresses such as current lease agreements or utility bills.

Steady incomes are also required. These can take a variety of forms, including retirement pay, alimony, Worker’s Compensation, Social Security and paychecks, as long as they are consistent, verifiable and ongoing. Recent, clear photos of the car’s exteriors, interiors, odometer readings and Vehicle Identification Numbers are needed as well. 

With the above documentation in hand, the process goes as follows:

  • Complete a brief online form or call 855-422-7412 to apply with a loan officer
  • Supply the documentation outlined above
  • Review and sign the loan agreement upon approval 
  • Receive the funds

Are Bank Accounts Needed to Get Title Loans in Fontana?

Borrowers do not have to have bank accounts to get the money or to repay the loans. Funding choices include cash pickups at participating money transfer locations, wire transfers, ACH deposits and checks. To repay loans, customers can set up automatically recurring payments via debit cards or bank accounts. Telephone payments, MoneyGrams and cash transfers at participating locations are also accepted.

What can Title Loans in Fontana be Used For?

Car collateral loans in Fontana can be used for personal or household needs such as medical bills, urgent home repairs or to tide borrowers over until paydays. Other uses for vehicle-secured loans include funeral expenses, emergency veterinary bills and unexpected travel expenses. 

Does a Title Loan in Fontana Affect Your Credit?

While borrowers’ incomes and the values of their vehicles play larger roles in title loan decisions than credit histories, credit checks are still run. These may sometimes result in temporary decreases of a few points from customers’ credit scores. Missed payments also affect credit scores negatively. On the other hand, paying off loans as agreed can elevate credit scores. In this way, borrowing against car titles with loans serviced by LoanMart can help build, or rebuild credit profiles.

How Do I Know If a Title Loan in Fontana is Legit?

In business for more than 20 years, LoanMart emphasizes transparency. Kept informed throughout the process, customers don’t encounter surprise penalties or fees and LoanMart’s customer support team is always ready to answer questions. What’s more, potential borrowers are encouraged to take their time and compare title loans serviced by LoanMart to other loan options before taking out a loan. 

Care is warranted though. Title loan scams are spreading online as the popularity of digital lending grows. Paying attention to the following red flags could help you avoid scams.

  1. Scam sites often appear legitimate at first glance. Key things to watch out for are the lack of secure HTTPS connections, noticeable grammar or spelling errors and vague or confusing repayment terms.
  2. Title loan scammers often “guarantee” loan approvals.
  3. Scammers may seek payments before loans are approved. 
  4. Unscrupulous lenders often pressure potential borrowers to act immediately.
  5. Scammers tend to operate without verified physical addresses. When addresses are listed on scam sites, they are usually to P.O. boxes.
  6. Email addresses tend to use generic domains instead of dedicated company domains. 

How Do Title Loans Differ from Other Loan Types in Fontana?

Compared to payday loans, vehicle-secured loans serviced by LoanMart typically offer larger loan amounts and longer repayment terms. Interest rates are also usually lower than those of payday loans. Additionally, as mentioned above, Fontana title loan customers can keep driving their vehicles while making payments as agreed. This is usually not the case when cars are pawned, as pawned vehicles typically must be left with lenders until the loans are repaid.

Another difference is traditional bank loan decisions usually rely heavily upon borrowers’ credit scores. However, approval for car collateral loans serviced by LoanMart depends more on the values of the cars and whether applicants have the incomes to make consistent payments.1 Approval and funding are typically faster with auto title loans serviced by LoanMart than with traditional bank loans as well.

Whether you live in Fontana or another California city such as Sacramento, Rancho Cucamonga or Riverside, you can use your vehicle’s title to get emergency cash when you need it most. Applications can typically be approved within an hour, and loan funds are often available in one business day – sometimes even sooner.1, 3

Apply today!