FREQUENTLY ASKED QUESTIONS
Here is a list of our most frequently asked questions from our customers. If your question is not answered here, give us a call at 818-646-7731 and one of our loan officers will be ready to assist you!
What is a car title loan?
A car title loan is also known as a pink slip loan, an auto title loan, or just a title loan. If you’re the owner of a vehicle then you can be eligible for a car title loan. With a car title loan, you can use your vehicle’s equity value as the collateral for your loan. Your title or pink slip allows you to access a loan based off the current market value of your vehicle.
How do I be eligible for a car title loan?
1. The car title will need to be under your name.
2. Your vehicle must be newer than 1999.
3. You must be at least 18 years of age.
What kind of papers do I need for a car title loan?
You will need the following documents:
1. You car title or pink slip
2. Your driver’s license
3. Proof of income
4. Proof of residency
How much money can I get?
The amount you can get for your loan is based off entirely on your vehicle’s market worth. The minimum loan amount will be $2,500 and can go up to even $20,000.
Can I still use my car?
Yes. We encourage you to keep your car even as you are paying off your loan. Car Title Loans Van Nuys believes in the importance of keeping your vehicle. Not only does your vehicle give you the freedom to travel where you need to go, but it serves as a valuable resources to help you get out of your financial pit.
What if I have bad credit or have declared bankruptcy in the past?
If you were to go to a typical bank or a bigger financial institution, it would be difficult to convince them to lend you what you need. However, the great thing about Car Title Loans Van Nuys is that you don’t need to worry about being turned down. Even if you have bad credit or have a difficult financial history, we don’t disqualify you from getting a loan. Your eligibility will be based solely off of your car’s equity value. We’re proud to be able to give a helping hand to those in need.
How long is the loan term?
Your loan term will depend on you. The great benefit to taking out a loan with Car Title Loans Van Nuys is that we amortize your loan for you. This means we can break up your loan into comfortable monthly installments over a period of time, which can be anywhere from a year to three years depending on your plan. We’ll help you plan out the best way for you to pay off your loan in a safe, secure, and comfortable manner.
CITIES WE SERVE
Van Nuys Sunland
Sherman Oaks Woodland Hills
Valley Village Canoga Park
North Hollywood West Hills
Panorama City Santa Monica
Toluca Lake Pacific Palisades
Studio City La Crescenta
North Hills Chatsworth
Reseda Culver City
Sun Valley Playa Del Rey
Los Angeles Calabasas
Universal City Verdugo City
Beverly Hills La Canada Flintridge
Mission Hills Marina Del Rey
West Hollywood Newhall
San Fernando Stevenson Ranch
Granada Hills Huntington Park
Car Title Loans Van Nuys