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Here you’ll find a list of frequently asked questions from our customers. Title Loans Riverside is happy to help you with the loan process. If your question is not listed here, give us a call at 951-888-5262 and our loan officers will answer your question and any concerns you may have!
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 you qualify?
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 documents would I need?
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 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.
Do I Get to Keep My Car?
Yes. We encourage you to keep your car even as you are paying off your loan. Title Loans Riverside 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 Filed For Bankruptcy?
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 Title Loans Riverside 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.
Does loan approval take long?
Title Loans Riverside can approve your loan in just 15 minutes! Have all your paperwork ready and we can help you get finished with the loan process!
What is the Typical Term of a Loan?
The duration of your loan will be based on your unique payment plan. Many of our customers opt to pay back their loan in a few months, while others extend their term to three years. Our loan officers will work with you to decide the best plan.
Wthat can I do if I am unable to make a payment?
If you’re having a hard time making your next payment, give us a call (951)888-5262 and we’ll help you rearrange your situation.
Can I pay off the full balance of my loan?
Of course, if you completely pay of your loan with Title Loans Riverside you’ll only save more cash! By paying off the loan in fewer months you’ll save on the interest and won’t need to worry about paying a prepayment or penalty fee.
How do I alter my payment date?
If you cannot make a payment before your scheduled due date, call (951)888-5262 to make sure you get extra time.
How Could I Completely Pay Off My Loan?
To completely repay the loan, call (951)888-5262 and our loan officers will assist you in total loan reimbursement. You can fully repay your car title loan whenever you’d like, without the fear of any penalty fees.
Is My Information Kept Confidentially?
Yes, we take your privacy and information very seriously.