Many people turn to title loans in Bakersfield, California when they need emergency funds. You’ll find that title loans go by many different names, such as car title loans, auto title loans, and pink slip loans.
No matter what name they go by, title loans work by using the borrower’s car title as collateral to secure the loan. Title loan eligibility is based on two main criteria: the borrower’s ability to repay and the vehicle equity1.
Where is the Best Place to Get Title Loans in Bakersfield, California?
When looking for a title loan in Bakersfield, California you may find that there are a variety of lenders and loans that you can choose from. One of the best loan options though may be a title loan, serviced by LoanMart.
Title loans in Bakersfield, California come with all kinds of unique benefits, along with fast and simple funding1.
Can I Get a Title Loan Anywhere in Bakersfield, California?
Yes, title loans are available for inquiry anywhere in Bakersfield, California. And so, it’s just about finding the right loan and lender for your needs and budget. It may be helpful to know California’s laws regarding title loans before making the decision to apply for one.
Additional Details on Title Loans in Bakersfield, California
Not sure whether title loans are right for you? Do you have questions about the terms and process?
Here is more information on title loans in Bakersfield, California:
Where Can I Get My Title Loan Funds in Bakersfield, California?
Once you are approved for a title loan in Bakersfield, California, the funds can be made available through a check—which can be either picked up in person or mailed. Or if you prefer, you may request to have the approved funds sent through an electronic transfer to your bank account.
How Does a Car Title Loan Work in Bakersfield, California?
A car title loan in Bakersfield, California works in a very simple way.
In order to apply for one, you need only follow these steps:
- Step 1: Reach Out to a Title Loan Lender—In order to get started on the path toward getting a title loan, you must first reach out to a lender. You’ll have to submit some basic information about your car, your lending needs, and your finances.
- Step 2: Talk to a Loan Agent—Once the initial form is submitted, a loan agent will reach out to give you more details on the loan. You’ll be asked to submit some documents verifying your initial information. Once this is done, the lender will make a formal approval decision.
- Step 3: Get Funds in Bakersfield, California—Once approved for a title loan in Bakersfield, California, you can go over the title loan contract with the lender. You will be informed of the repayment terms and when you’re ready, you can sign the contract and receive your funds!
Because of this simple three step process, car title loans are often used for emergency situations.
What Documents Do I Need to Get a Title Loan in Bakersfield, California?
When looking to apply for a title loan in Bakersfield, California, you’ll need to submit some documents to the lender.
The exact paperwork needed will differ based on state and lender, but typically these are requested:
- Car title (in your name)
- A valid photo ID
- Proof of income
- Proof of residency
- Photos of the car
- Other documents (depending on your situation)
Why Get a Title Loan in Bakersfield, California with Title Loans?
Title loans are often used by individuals in need of emergency funding. Although there are many lending choices in Bakersfield, California, Title Loans may be one of the best options for borrowers1!
Check out these incredible perks:
- The Entire Process Can be Conducted from Home
One of the most unique features of a title loan is that the entire inquiry process can be conducted right from the comfort of home. Either online or over the phone!
- Get the Process Started at Any Time
Another unique advantage of title loans is that the process can be conducted at any time–either day or night. This can be extremely important for those who need emergency funds now, not later.
- Funds Could Be Available Quickly!
Once approved for a title loan, the funds could be made available in as little as 24 hours1!
- Competitive Interest Rates
Another convenient thing about title loans is that rates are highly competitive! Rates are based on up to date market analysis!
Can I Keep My Car with a Title Loan in Bakersfield, California?
Yes, you can keep and drive your car with a title loan in Bakersfield, California. Most title loan lenders in Bakersfield, California will let borrowers keep driving their vehicle while they are paying back the title loan. However, it’s important to keep in mind that the lender has a stake in the vehicle for the duration of the loan. As long as you keep up on your monthly payments, you have access to reliable transportation.
How Fast Can I Get My Title Loan in Bakersfield, California?
The initial title loan process will usually only take a few minutes. Firstly, you’ll have to provide the lender with some basic information about your finances and your car.
After this step, you’ll have to talk to a loan agent. The agent will further explain the approval process and ask that you send in some documents for verification to determine eligibility. This will usually take no more than an hour1.
Once approved for a title loan in Bakersfield, California, the funds can be made available in as little as one business day1!
Can I Get a Title Loan in Bakersfield, California without a Social Security Number?
If you do not have a Social Security number, or prefer not to use one when applying, an Individual Taxpayer Identification Number (ITIN) can be used as an alternative ID. Using ITIN to apply for a car title loan is really simple to do, and many people choose to use it instead of a Social Security number.
What are the Requirements for a Title Loan in Bakersfield, California?
You’ll need to meet a few requirements when applying for a title loan in Bakersfield, California.
In general, you will need to have:
- A Qualifying Vehicle
- Consistent Income
If you are deemed eligible for a title loan, these two factors will determine your terms and the amount you could receive with a loan1.
What if I Can’t Repay My Title Loan in Bakersfield, California? What Happens with Repossession?
If you can’t pay back your title loan in Bakersfield, California, the best thing you can do is get in touch with your lender. Most title loan lenders will want to work with borrowers to reestablish repayment.
When a title loan is not paid back, as a last resort the lender will repossess the vehicle. However, even at this point the lender will try and work with the borrower.
Get Your Title Loan Funds through MoneyGram in Bakersfield, California
If you do decide to go ahead and apply for a Title Loan in Bakersfield, California, once approved, you can pick up the funds at any MoneyGram location in the area!
Below is a map and list of MoneyGram locations. Use this information to find the closest one to you!
Apply for a Title Loan in Bakersfield, California Today!
Title loans can be a great option for emergency funding because the lending process is simple and extremely fast1. Plus, requirements are flexible! You don’t need perfect credit or a 9 to 5 job to apply!
Ready to get the title loan inquiry process started in Bakersfield, California? Head online and fill out a short inquiry form or call 1 (855) 277-4847. Once you have submitted your information, a loan agent will reach out to you to talk about the next steps.