Title Loans in Los Angeles, California

Are Title Loans Legal in Los Angeles?

Yes, you’re allowed to apply for title loans in Los Angeles. Title loans are secured by collateral, which will be the title to an eligible vehicle. Therefore, a title lender will require you to have a car, truck, or SUV with enough value to secure the loan! You can borrow up to half or more of your car’s value through a title loan and use your loan proceeds to deal with various personal expenses, such as rent payments, medical bills, and more.¹

If you’re dealing with unexpected bills, you can apply for a title loan online, in person, or over the phone! Generally, applying for a loan online can be quicker and more convenient than submitting a loan request at a storefront location. Complete a short online form now to see if you are instantly pre-approved! If you qualify for a ChoiceCash title loan serviced by LoanMart, you can get your money in as little as one business day. Some residents of Los Angeles can get their funds the same day they are approved!

How Do Title Loans Work in LA?

Did you know that you can unlock money with your car’s title? Title loans are also called pink slip loans or vehicle equity loans, and they work by letting a qualified borrower pledge a car or truck title as collateral for emergency funding! After a title loan is funded, a car title lender in California will add a lien to the borrower’s title. You get to drive your car during the repayment process and spend your money as you see fit.¹ As long as you keep up with your payments, you have the freedom to stay on the road and keep your keys! The lien is removed after you’ve made the final payment on your loan.

Here’s how the application process works for ChoiceCash title loans:

1. Submit a Questionnaire Online or Call 855-422-7402 to Find Out if You Are Pre-Approved
2. Submit Several Documents To Verify Your Information
3. Get Your Funds in as Little as 24 Hours if You Are Fully Approved and Sign Your Loan Contract!¹

Title Loan Requirements in Los Angeles, CA

Applying for car title loans in Los Angeles can be efficient and simple, but you’ll need to meet a few requirements to get approved for the funds you need:¹

• Have a Car or Another Eligible Vehicle With Enough Value
• Have a California-Issued Car Title in Your Name
• Be at Least 18 Years Old
• Provide Proof of Income

When applying for a ChoiceCash title loan serviced by LoanMart online or over the phone, you can expect convenience at every step. If you are initially approved for a title loan in LA, you’ll be asked to submit a few documents during the second step of your application:

• Pay Stubs, Bank Statements, or Other Recent Documents That Can Verify Your Income (Such as Disability or Retirement Income Statements)
• Vehicle Title (Must Be in Your Name)
• Recent Pictures of Your Car’s Interior and Exterior, VIN, and Odometer Reading
• California-Issued Driver’s License, Mexican Matrícula Consular Card, Permanent Resident Card, or Another Valid, Government-Issued Photo ID
• Evidence of Current Address in Los Angeles or Another Nearby City Like San Diego or San Jose

Conveniently send your paperwork to a loan agent through email or text message! If you want to submit everything online, just use the streamlined document portal on the ChoiceCash website.

What Is the Most I Can Get on a Car Title Loan in Los Angeles?

The average loan amount for a ChoiceCash title loan in California is $13,798. The amount you can personally receive through a loan against your car will depend primarily on factors like your income and the value of the collateral. A car that has more value will often translate to a higher title loan amount if the borrower can prove they are capable of repaying the loan!¹

Different lenders can offer different loan-to-value ratios (LTV), so finding a lender who can offer the maximum LTV available to you is important if you need a large amount of funds to get your finances back on track. If you’re ready to see how much you can access through a Los Angeles title loan, just fill out a short questionnaire now and get an instant title loan quote! If you are eligible for a ChoiceCash title loan, you can get up to $50,000.¹

Can You Get Title Loans in Los Angeles, California, With No Credit Check?

You typically won’t be able to find a lender that skips credit checks during the application process. But that doesn’t mean your credit score will hold you back when applying for title loans in Los Angeles, California! Since car title loans are secured loans, lenders will care more about your car’s value and your income than your credit score. As long as your car has enough equity and you can prove your ability to make a loan payment, you can qualify for a ChoiceCash title loan serviced by LoanMart with bad credit!¹

Alternatives to Title Loans in Los Angeles

One of the potential drawbacks of title loans is that you will need an eligible car to get approved. Your car’s title is used as collateral in order to guarantee the loan. If you do not keep up with your payments and act responsibly, your lender could seize your vehicle. There are a few alternatives to title loans in Los Angeles:

1. Personal Loans: For borrowers with good or excellent credit, personal loans can be a viable option to get money in a hurry. However, getting approved for a personal loan with poor credit is considerably more difficult, so keep that in mind before you submit an application.
2. Credit Card Cash Advances: If you currently have a credit card, you can ask your provider for a credit card cash advance to borrow against your available line of credit. Interest typically starts accruing immediately on credit card cash advances and you must have available credit in order to qualify for an advance with an existing card.
3. Family and Friends: Another way to get funding can be to borrow from friends and family if they are willing to give you a quick loan. This option usually comes interest-free, but relying on your friends or family for money can complicate the relationship.

What Happens if I Can’t Repay My LA Title Loan?

As mentioned above, the lender can repossess your car if you do not keep up with your Los Angeles title loan payments. It’s important to explore title loan refinancing or loan modifications if you are consistently struggling to make a payment every month. By proactively reaching out to your lender or loan servicer, you can effectively discuss your options and hopefully find a productive path forward. If your financial situation has changed during the repayment process, you should try to communicate with the appropriate party before defaulting on the loan!

Apply for Instant Online Title Loans in Los Angeles

Getting instant online title loans in Los Angeles typically isn’t possible because the application process isn’t designed to be instantaneous. That being said, you can submit a questionnaire online and instantly find out if you are prequalified for a ChoiceCash title loan! You can expect the Los Angeles title loan application process to be efficient and simple, even if you have bad credit. Apply from the comfort of your home and access a few different perks if you qualify, such as flexible loan terms and competitive interest rates! Some borrowers in LA can get their money the same day they are approved. So why wait to see if you qualify for fast funds? You can apply online by completing a short pre-approval form or by calling 855-422-7402!¹