Bad credit scores nearly eliminate the possibility of getting a loan or a credit card. Unfortunately, most people with bad credit are living paycheck to paycheck too. This means that when an unexpected expense arises, they rarely have an adequate amount of cash to pay for it. This can lead to repossessions, evictions and many other complications. It is not an unusual situation, but something that happens to people across the country every day.
Cash Title Loans in Rancho Cucamonga CA were created to give people in this situation a reasonable option. These loans are designed specifically for people with poor to moderate credit. There are no credit or reference checks and the money is available within minutes. All that is needed is a current ID, some source of proven, regular income and a clear vehicle title. The owner must provide proof of ownership and insurance for the vehicle they are taking the loan against.
The company will provide funding up to an amount slightly less than the value of the vehicle. This is the only restriction for how much a person can borrow. There are loans available for up to $50,000, if the borrower has vehicles worth that amount. The loan company does not keep the vehicle while payments are being made. Instead, the owner is able to keep and drive it as they always have while the loan company holds the title until the customer is paid in full. The customer will not be able to trade or sell the vehicle during the length of the loan and they must keep it fully insured the entire time.
Cash Title Loans in Rancho Cucamonga CA can be used for any purpose. The borrowers can pay their rent, take a vacation or pick up groceries. There are no restrictions and no lengthy loan applications that will require an explanation of how the funds will be used. Companies like Lendmerit Auto Title Loans are only interested in lending money to people in need and having the loans paid back to them. To make this as easy as possible, they offer clear loan terms, a fast response for approvals and no fees for early repayment of the loan.