If you are facing a financial emergency and need money quickly one thing you can do is get cash by borrowing against your car’s equity. These type of loans are called pink slip loans or auto title loans and Family Title Loans can help you get them.
How do cash advance pink slip loans work in Sacramento?
Also known as title loans these pink slip loans can be a fast way to get money for a financial emergency. The benefits of a car title loan are speed and that you can have a poor credit history or bad credit score and sometimes still get money.
How fast can you get the money?
It depends on how quick you get the documents to the lender, but generally, you can have the money within 24 to 48 hours. The faster you move the faster you get the money!
What type of credit score do you need?
This depends on the lender, and to some extent, the make/model/vehicle and mileage on your car or truck. If you have a newer vehicle that has low miles on your vehicle, then, in general you will be less of a risk to the lender. In most cases, but this depends, you can have a lower credit score in the mid to low 500’s and still qualify for a vehicle title loan as long as the vehicle qualifies?
What type of vehicles qualify for a cash advance pink slip loan?
In general, vehicles with less than 200,000 miles are step one. You’ll need to have enough equity to get the minimum loan amount of $2,510 in the state of California
You will also need to be able to prove the mileage of your car is accurate and the odometer has not been adjusted, you will need to have possession of the title unless you want to refinance your car title loan.
What other things will impact my chances of a cash advance loan for a pink slip in California?
You will need to have a monthly income of at least $1,200, plus, you will need to be able to verify this income. You’ll also need to have insurance on the vehicle, and be able to provide some personal information such as identification, employment verification, sources of income, personal and professional references, photographs of the car, truck, SUV, or vehicle.
In most cases we recommend a car title loan being used as a short-term loan. The interest rates can be higher than traditional financing due to the lower credit history and credit score requirements to get a loan. As always, do your own research and decide on your own before you do anything.
- When you call have your mileage of your vehicle
- The make, model and trim is helpful
- Your monthly income
- Your name, phone number, and email address
Click here to learn more about Sacramento pink slip loans and how you can get information on how fast you can qualify one. Or, call us TOLL FREE at (844) 254-7170 or click on the application form here.
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