How to get a fast pink slip loan in Sacramento

Do you live in Sacramento, California and need a pink slip loan or title loan due to a financial emergency.  You’ve come to the right place!  Family Title Loans is here to help you get the fast cash you need quickly and effectively.  Unlike other lenders we take a no pressure, no hassle approach and help people get the money they need for whatever financial needs they might have–medical bills, tuition bills, mortgage payments, rent due–whatever.

 

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What’s needed for a Sacramento title loan or pink slip loan?

The way a pink slip loan or vehicle collateral loan works is by borrowing against the equity in your car, pickup truck or SUV.  The lender will determine the resale value of your vehicle and will then loan you a percentage of money based on that vehicle amount.  In California, there are laws that set the minimum loan amount at $2,500 or higher, so most lenders will only be willing, by law, to loan you $2,510 or $2600.   Therefore, your vehicle needs to have enough equity in it to qualify for a loan.  The loan to value that lenders normally will loan against is around 60-80%.  So, to get a loan of $2,500 or more, generally, you need to have a car, pickup truck, van, or sports utility vehicle with at least $4000+ of equity in it.  They lender has software, like the Kelly Blue Book, to determine your vehicle’s value.

One of the positive benefits of getting a car title loan is that your personal credit score isn’t that important.  A lender will check your score, however, you can have past unpaid bills, and since your vehicle is being used as collateral your credit score isn’t as important.  Keep in mind that title loans usually have a higher interest rate than other financing methods, however, you can pay them off at anytime without any prepayment penalty.

Here are some of the main conditions that are needed to get a Sacramento auto title loan.

  1. Proof of income of at least $1,200 a month.  You will need to be able to document this and verify it.
  2. Any other sources of income will help your chances on qualifying for a loan.
  3. Insurance on your vehicle
  4. The title to the vehicle and is it a salvage title or a clean title
  5. The mileage on the vehicle
  6. Pictures of the vehicle and the ability to prove the mileage
  7. References both personal and professional

These are generally the things that are needed to get a auto collateral loan in the Sacramento area.  If you have questions you can call us TOLL FREE at our main phone number (844) 254-7170 or visit the apply now page on our website.

With a car title loan you get to keep driving your vehicle.

You can still get to work, you just need to make the monthly payments.  Generally, the lender will keep the monthly payments low enough so that you can make monthly payments.  However, like any loan you need to make your payments to avoid late fees and other potential issues.

Call us TOLL FREE at our main phone number (844) 254-7170 or visit the apply now page on our website.

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What Our Customers Are Saying

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Dan Hernandez

I was really surprised at the amount of money I received from my loan on my truck’s title! The process here is really painless and I was approved in about 5 minutes and was able to pick up the money the same day.

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Tamika Bennett

I had to pay my property taxes and couldn’t get a personal loan from the bank, so I found Family Title Loans online and they were abble to get me approved fast for a car title loan on my Toyota Camry. Thanks Family Title Loans!

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Arin Riley

My friends had told me aboutFamily Title Loans services and when I was short on cash I thought I would give it a chance. I was glad I did as one of their licensed vendors got me the money I need the same day!

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