What are title loans?
A. Title loans are a quick and convenient way for people who own their car without any liens (i.e., a lien-free title) to get cash using the car as collateral. It allows consumers to use an asset they own (their vehicle) to solve short-term cash flow problems. Without title lending, many consumers would be forced to sell their vehicle in a time of need, probably at a discount.
The title loan business is a new and rapidly growing business, especially in California. They are also known as pink slip loans, auto title loans, and car title loans. More affordable than a payday loan and quicker than a bank loan, title loans are based on the value and condition of the customers’ vehicle. A determined amount is loaned from the company to the individual and is usually paid off in a month or two. They are meant to be a temporary solution to any unforeseen expenses or bills that an individual or business owner can easily pay off in a few weeks. What sets Chino Hills Title Loan Company Apart from the Rest? We pride ourselves on offering the best title loan experience because we gear our focus towards each individual customer. “Our customers need the maximum amount of money that they can get when they apply for a title loan,” said John Stearson, Head of Marketing. “So the simplest way that we make our customers happy is to waive the normal pre-payment penalty that other c
