Car Title Loans in California - Vehicle & Auto Title Loan Companies - Car Capital Financial

M-F 10am - 4pm, Sat. 9am - 1pm by Appointment

How to Get a Low Interest Secured Loan

by

Did you know that you can qualify for a low interest secured loan with bad credit, even after filing for bankruptcy, losing your home to foreclosure or having your car repossessed?

Everyone wants the lowest interest rate possible on their loan, but it’s not always easy to secure one, and that’s especially true for people with poor credit.

To get considered for a low interest secured personal loan, you’ll have to do a bit of work, and offer lenders a bit of flexibility. Here are three things to keep in mind as you shop for loans:

You Need Collateral

Secured loans are provided at a lower interest rate because they’re “secured” by collateral (your personal assets). Lenders can charge you lower interest rates because they are not as worried about losing everything if you fail to pay off your loan – if that happens – they will  just take your collateral into possession.

Depending on the value of your collateral, your credit rating, your debt to income ratio and all of the other regular factors, you may be able to qualify for an extremely low interest rate loan.

Here’s how it works:

  • You sign up for a loan, using the title of your house or car, or piece of property that you own as collateral
  • You give the lender the title to whatever asset you’re using as collateral to secure the loan, and in return, the lender gives you money
  • You start paying back the loan each month, or however often the loan repayment are structured, until the loan is fully paid off
  • Once the loan is fully paid off, the lender returns your title to you and you part ways

The part where things go wrong is if you missed loan payments, made payments late, or defaulted on the loan entirely. If you were to have defaulted on the loan, the lender would have kept your title and taken possession of the house, car or property that you used as collateral.

You May Need to Shop Around

Everyone advertises low rates, but some companies offer better rates than others. To find the lowest interest rate available for a secured loan, you might have to call around a bit.

This is especially important if you have good or great credit, because different lenders will offer loans at different interest rates, so you’ll need to ask around to look for the best deal. Lenders are more willing to offer deals and reduced rates for people with good credit too, so don’t be afraid to try your hand at negotiation if you have a good credit score.

If you have bad credit, you may not find as much value in shopping around since all the interest rates are likely to be about the same. Poor credit scores reduce your options and opportunities, so you may have to take what you can get.

Consider a Shorter Repayment Schedule

Typically, lenders want to get their money back as soon as possible so that they can loan it to another customer, while borrowers want to stretch payments out as far as possible so they can reduce the amount they have to pay each month, but this isn’t always the case.

Smart borrowers will pay their loans off as quickly as possible to reduce accumulating additional unnecessary interest or other fees, and that’s something that you should look into. If you’re willing to pay a higher monthly rate, you’ll increase the chance that you qualify for a low interest secured personal loan, since the lender will be able to turn that money over to another customer sooner, meaning he won’t need to make as much off of your loan.

Reducing lender risk is the best way to reduce your interest rate, so do everything you can to assure the lender that you’ll be making payments in full, on time, and as quickly as possible.

Car Capital Financial

Car Capital Financial provides low interest secured personal loans in the form of vehicle title loans (cars, trucks, RVs, boats, motor homes, airplanes, motorcycles, etc.).

We have over 15 years of experience providing affordable title loans to clients throughout Southern California, and we can offer a loan on any vehicle that has a title.

We don’t need to run credit checks, so no matter how bad your credit might be, it will not affect the affordability of your loan, your interest rates or your repayment schedule. Title loans are issued based on the borrower’s ability to repay the loan.

But better yet, we will get you the money you need without requiring that you leave the vehicle with us, in a garage, or stop driving it for personal use.

To get a safe, reliable and affordable car title loan of your own in as little as 30 minutes, call us now at (888) 500-9887.

Low Interest Loans for Bad Credit Holders

by

As you shop around for low interest personal loans, you’ll likely quickly discover that many of the best deals out there require a good credit score. If you have a bad credit score, getting a low interest personal loan is far harder, but it’s by no means impossible.

In fact, if you need a loan today and you don’t want to face a credit score check, then consider calling us for a safe, reliable and affordable car title loan. We can award you thousands of dollars on the same day of request, without even checking your credit score!

Call us now at 1-888-500-9887 to get the money you need today!

To find out more about car title loans and other personal loans for bad credit with low interest rates, read on:

Bad Credit Personal Loans with Low Interest: 5 Options

Fortunately, even if you have bad credit this doesn’t necessarily mean you have to be saddled with a loan that has insanely high interest rates. To get the very best loan with a bad credit score, consider one of these 5 low interest loan options:

1.Take Out a Credit Card 

While a credit card doesn’t mean a cash loan (unless you get a cash advance loan with your credit card) you could use a credit card to finance your current financial needs, but you’ll have to be careful. Credit card companies often lure in their customers by offering low interest rates, even to bad credit holders. The interest rate will skyrocket if you fail to repay the credit card regularly though, so you’ll need to make regular repayments in full if you want to keep your interest rate stable. Shop around credit card companies to find the lowest interest rates, and you should be able to score yourself a deal.

2.Get a Title Loan 

A title loan works by awarding car owners with a cash amount based on the value of their car, in exchange for taking temporary ownership of your car’s title (also called its “pink slip”). To qualify for a title loan, the car owner usually must either own their car in full or only have a few remaining payments left, and typically the car has to be worth at least some set value (Car Capital’s loans require vehicles worth $5,000 or more wholesale value).

A huge benefit to taking out a title loan is that many title loan companies don’t require a credit check, so whether you have a good or bad credit score, your loan can still be approved without too much of a hassle. What’s more, many title loan companies let you know up front what interest percentage you’ll be charged from month to month, so you’ll have a clear idea of what your repayment plan will look like from day one.

To get a car title loan as fast as today, call us now at 1-888-500-9887. We won’t require a credit check and we’ll let you continue to drive your car as much as you want!

3.Get a Home Equity Line of Credit

If you have a terrible credit score but have significant equity in your house (because you made a huge down payment of you’ve paid off a major part of your mortgage already), then you could qualify for a home equity line of credit. This type of loan uses a portion of your home’s equity as collateral and in return lends you a line of credit based on your home’s value. The beauty of this type of loan is that home equity loan companies will often charge their customers very low levels of interest, making it an excellent low interest loan for bad credit holders.

4.Apply for a Loan through a Credit Union

Credit unions typically offer lower and more reasonable interest rates than standard banks but to go through them you will often need to be part of a certain organization that is associated with the credit union, such as working within a school district or a certain government sector. While it can be tricky to get approved as a customer at a credit union, if you qualify it can be more than worth it as they are known for offering very low interest rates and because they may be willing to approve you for a loan despite your bad credit score.

5.Borrow from a Friend or Member of your Family 

If all of your options have run out, and you still can’t get a loan because of your poor credit score, you may want to ask friends or family for a loan. Going through a loved one could allow you to borrow money with either no or very low interest, and it’s highly unlikely that they would want to make an official credit check on you, but make sure you know exactly what the repayment is up front to avoid any confusion further down the line. Your friends and family may be more than willing to help you out financially, but be aware that if you aren’t able to pay them back in a timely manner, it could cost you the relationship. Tread cautiously!

Car Capital Financial

For a loan that doesn’t require even having a credit score, choose Car Capital Financial, Southern California’s premiere car title loans company. Title loans are issued based on your ability to repay the loan. We’ve been awarding title loans clients throughout the Southland for over 15 years, delivering the money they need within as little of 30 minutes from receiving their call. We’re ready to get you the money you want today, so call us now! Call us now to get your loan today: 1-888-500-9887

How to Get Unsecured Personal Loans with Bad Credit

by

Are you in fast need of a loan but don’t have much to offer in the way of collateral? If so, you’ll need to rely on an unsecured personal loan to take care of your funding problem. However, if you’ve got poor credit, you may have a hard time getting one approved.

You may have never thought of it, but if you’ve got a car that’s paid off entirely or has only a few remaining payments, then you can leverage it as collateral for a safe, reliable and affordable car title loan from Car Capital Financial. Call us now at 1-888-500-9887 to get a title loan delivered into your bank account today!

If you don’t have a vehicle with a title and just want information about unsecured personal loans for bad credit holders, then read on:

Unsecured Personal Loans: The Basics

Most types of loans can be divided into one of these two categories: secured or unsecured loans. Secured loans involve taking out a loan with some kind of asset used as collateral.

For example, one of the most common types of collateral loans is a mortgage, which uses the property you’re buying as collateral for the loan. If you default on your mortgage payments, then the bank takes possession of your property in order to recoup the loss of not getting their loan money back.

This guaranteed security makes secured loans much easier to obtain than unsecured loans, because it protects the lender from loaning out money and not getting anything back in return.

An unsecured personal loan is a type of loan that doesn’t involve any collateral, so the lender has a lot more at stake. As a result, unsecured personal loans typically charge much higher interest rates, origination fees, late fee charges and other penalties due to their lack of security from the lender’s perspective.

Common examples of unsecured personal loans include:

Getting an Unsecured Personal Loan with Bad Credit

If you are considering getting a credit card or neighborhood loan as your unsecured personal loan, you likely don’t have to worry about your credit score. Ironically, many credit card companies award cards to just about anyone, regardless of whether they have a good credit history.

And when it comes to neighborhood loans, these lenders often lure in customers with a “no credit check” policy, not caring about the borrowers credit scores, because they want their borrowers to default on their loans and end up having to pay late fees, penalties, and additional interest on their loan.

Getting an unsecured loan from a reliable lender like a traditional bank is extremely difficult. Many bank loans don’t award unsecured loans for bad credit holders because they don’t trust the borrower will be able to pay them back on time, or at all, and they aren’t willing to take the risk of giving out money when they can’t expect it to be paid back in full.

This doesn’t mean to say that you won’t be able to get an unsecured loan with bad credit, but you will likely need to demonstrate the following in order to increase your chance of approval:

  • Explain Your Poor Credit History – Is your poor credit through no fault of your own? If your bad credit is down to an unexpected emergency, explain this to the lender and they may be more sympathetic in awarding an unsecured personal loan despite your poor credit history.
  • Demonstrate Efforts to Rebuild Credit – If you’re taking active steps to rebuild your credit, such as paying off old loans, always making the minimum payment each month on your credit card etc, demonstrate this. Show paperwork that demonstrates you are actively taking steps to improve your score and this could allow the lender to feel more comfortable in lending money to you.
  • Present Employment History – If your bad credit is partly due to recent unemployment but you now have a steady job and paycheck, let the lender know this. A steady job indicates to the lender that you’ll be more reliable to repay your loan and they may be willing to overlook your bad credit.

Even with these steps there’s no guarantee that you’ll get an unsecured bank loan approved if you have bad credit, but it’s worth a shot before giving up and going with an unreliable neighborhood loans company.

Car Capital Financial – A More Reliable Option

If you don’t want to get a neighborhood loan, take out another credit card or attempt to get an unsecured loan from a bank, then consider getting a title loan from Car Capital Financial instead.

We offer a unique opportunity to car owners in Southern California who need money fast. We deliver title loans worth thousands of dollars, often on the same day of request and in some cases as fast as 30 minutes from your first contact.

We won’t need to check your credit score or credit history, so even terrible credit won’t affect the terms of your loan. Title loans are issued based on your ability to repay the loan. To get the money you want today, all you’ll need is a vehicle with a wholesale value of at least $5,000 and a clear title.

For more information, call us now at 1-888-500-9887. We’ll get you the money you want today!