How to Borrow Money in California When You Don’t Want to Leave Your House
As a result of the high inflation following the COVID-19 pandemic, money is getting tight for many Americans, in California and beyond. This can cause a lot of financial stress as the bills continue to pile up, and your bank account starts to dwindle. With unemployment on the rise in some parts of the economy, many Americans are turning towards borrowing money as a solution. This can be an issue, however, as several banks have recently tightened their underwriting criteria. While banks are the first go-to for many consumers when it comes to loans and credit products, you can still borrow money, even when you don’t qualify for a bank loan – and you can even apply without having to leave your house!
Reach out to Friends and Family in California
If money is tight and bills are piling up, one of the options available to you is to reach out to your trusted loved ones. Your friends and family might be able to help you financially. Reach out to them and see if they would be willing to lend you cash during this hard time. However, they can only do so if you are comfortable with sharing your personal information about your finances. Borrowing money can change relationships, and it is one thing to keep in mind before asking for financial help. If you are willing to take the risk, it might be a good option for you.
Cash Advance from Credit Card in California
A fast way to borrow money without leaving your home is to ask your credit card provider for a cash advance. A cash advance is simply a way to “buy cash” with your credit card. Think of it as a short-term loan through your credit card provider. This means borrowing from your readily available credit, and the benefit of choosing this method is that you won’t need to wait for approval if you have already qualified for the card. One of the drawbacks, however, is that your cash advance from a credit provider will typically be subjected to at least the same interest rates as a regular purchase with your credit card which can be high, and often times, card providers charge an even higher rate for cash advances than for purchases.
Take Out a Title Loan in California
Another way to borrow money in Cali when you don’t want to leave your house is through a title loan! One of the benefits of choosing a title loan is that the application can be completed entirely online, without the need for face-to-face contact.
Without leaving your couch, you’ll be able to get started on placing a loan inquiry through an online form. Simply get your documents together and begin your journey to get quick cash without leaving your home!
Can I Get a Title Loan with My Motorcycle in California
When you find yourself saddled with an unexpected expense you may consider using a title loan to get the money you need to cover it. If you have a motorcycle, you may also be wondering if you can use it for your title loan. Motorcycle owners with qualifying titles may be able to use them for a title loan1 with certain loan providers in California. You’ll need many of the same things for a title loan with a motorcycle as you would for a car title loan serviced by LoanMart.
What Documents Do I Need for a Title Loan in California?
There are a number of different documents you’ll need for a title loan in California, such as:
- Qualifying title for the car/truck in your name
- Proof of residence
- Proof of income
- Photos of the car or motorcycle
- Government-issued photo ID (driver’s license, US passport, or state ID)
How Much Money Can I Get with a Title Loan in California?
The amount of money you may be able to borrow with a title loan in California depends on a couple of different things:1
- Your monthly income
- The equity in your vehicle
The greater the equity in your car and the greater your income, the more money you’ll likely be able to borrow.1
Can I Keep My Car while Repaying a Title Loan in California?
Yes, when you work with title loans serviced by LoanMart you can keep and use your car as normal while you make your payments on time.
What’s Considered Proof of Income for a Title Loan in California?
While it’s not the only thing you can use, a recent pay stub is considered proof of income. If you don’t have a recent pay stub, there are a number of other ways to show proof of income for a title loan.1 For example:
- Social Security statements
- Bank statements
- Workers’ compensation letter
- Tax returns
- Disability payments
- And more!
How Do I Get a Copy of My Vehicle Title in California?
Your local Department of Motor Vehicles (“DMV”) may be able to help you get a new copy of your title if you’ve lost it. Some may even be able to provide you with an expedited copy.
What Happens if I Default on My Auto Title Loan in California?
If you default on your title loan, your vehicle may be repossessed. The exact process varies from state to state. Some states require that lenders send you a right to cure notice. This is to inform you that you have a limited amount of time to catch up on your late payments or pay off the remaining balance of the loan. If you fail to do so within the time allotted, your lender can have your car repossessed. Other states do not require a right to cure notice – in those states, the moment your loan goes into default, the lender can repossess your car. After the repossession, the vehicle can be sold at a vehicle auction so the loan company can try to recoup the loan balance.
In some states, lenders may be able to continue to pursue borrowers if the proceeds from the auction were insufficient to cover the outstanding debt. In other states, once the auction is complete, the lenders may no longer pursue the borrower for the deficiency balance. Finally, if the proceeds from the auction sale exceed the remaining debt, the lender must return any surplus money raised beyond the balance of the loan back to the borrower.
Note that there are some lenders who help borrowers by taking steps to try and prevent defaults. For example, they may look at your unique financial situation and recommend loan terms that fit your circumstances.
Methods of Receiving Your Title Loan in California
The process of getting a title loan is very simple and pain-free. Once you provide all the necessary documents, your loan could be processed the same day3. No need to worry about long wait times! There are multiple money retrieval methods available to choose from.
Some ways you can get your money include:
- Mailed Check
- Automatic Electronic Deposits
In just a few clicks you can find out if you are eligible for a title loan to cover emergency needs in California.1
How Do I Get a Car Title Loan in California?
If you’ve decided to opt for a car title loan in California, you’ll be able to benefit from the same streamlined application process that will allow you to potentially receive funding in as little as one business day3. If you have a car with a qualifying title in your name, you may be eligible for a car title loan.1
Easy ways you can get in touch. Choose whichever is most convenient for you:
Once you’ve decided the best way to get in touch, follow these steps to complete the approval process:
- Inquire online or over the phone
- Submit the required loan documents to your representative
- Review your loan offer1
Because of the quick approval process, a title loan serviced by LoanMart is a great way to potentially get the money you need within a short period of time.1
Title Loan Payments in California
Making a title loan payment in person is simple and fast when you visit a convenient CCS or USA Checks Cashed payment location in California! To make your monthly installment, simply walk inside any CCS or USA Checks Cashed payment location during open hours. There, a helpful attendant will be able to walk you through the entire process of making your auto title loan payment.
While you are at your local CCS or USA Checks Cashed payment location, you also have the freedom to take advantage of other premium services such as cashing a check, conducting a money order, or even signing up for a personal prepaid debit card. Below is a list of additional services offered at the varying Continental Currency Services and USA Checks Cashed payment locations throughout the state of California.
Additional Services offered at Continental Currency Services Payment Locations in California:
- Check Cashing Services
- Western Union Wire Services
- Money Order Services
- Sign-up for a Prepaid Debit Card
- Additional Bill Payment Services
- Foreign Currency Exchange
Extra Services offered at USA Checks Cashed Payment Locations in California:
- Check Cashing Services
- Incomes Tax Refund Cash Checking Services
- Business Check Cashing Services
- DMV Registration
- Sign-up for a Prepaid Debit Card
- Exchange and Sell Gift Cards
- Cash Disbursement Services
- Money Order Services
- Notary Services
- Lottery Services
- Postage, envelopes, Faxing/Copying Services
- Bus/Transit Pass Sales
- ATM Services