Do you owe money to two, three, or more creditors?
Perhaps you have a title loan or a loan on the purchase of your vehicle, as well as some other debt you need to pay off. And, in addition to your car loan or title loan, you need a cash advance to pay for a family emergency or special occasion, medical expenses, home repairs, etc.
If any of these apply to you, it might be in your best interests to consolidate your loans into one lower monthly payment.
Here’s an example scenario:
Let’s say you have a California title loan and your monthly payment is $200. You also have a $1500 balance on a car loan, and you could use some cash. If you consolidate your debt with California Auto Finance, we could pay your $1500 car loan balance, refinance your title loan, and put some cash in your pockets for whatever else you need.
But wouldn’t I just be taking out another loan? In a sense, yes — but it’s combining the current loans into one new loan. Plus it’s a lot more convenient and easy to maintain one payment instead of several. And as you are successful at making your monthly payments, your credit score will go up, making you eligible for more larger loans in the future.
How do I qualify?
To consolidate your debt, we consider several factors, including:
- your credit score
- your income
- your job
- the value of your car
To qualify, you must be current on your monthly payments.
Our minimum loan amount is $3,000 and our maximum is $15,000. We offer short-term loans which must be repaid within 24-36 months.
The application process is quick, easy, and FREE! (If you’ve applied for a title loan with California Auto Finance, it’s the same process.)
Click here to apply and find out if you can consolidate your debt with California Auto Finance. Once you apply, we’ll send a notary to you to complete the process. (But you’re welcome to come to our Irvine office to apply if you’re local. The coffee is always hot and fresh!)
Benefits of Using California Auto Finance for your Debt Consolidation
It’s not uncommon for short-term loans like title loans to have outrageously high APRs — like 100% or more! At California Auto Finance, your APR could be as low as 36%, or just 3% a month! That could easily cut your monthly payment in half.
We’re an upstanding lender who truly cares about our clients. (We don’t practice any shady techniques, which you can read about here.) We do our best to make the process easy on our customers, starting with a completely online application process, notaries who come to YOU, and representatives who genuinely want to see you succeed.
Helping customers pay off their debts, get a lower monthly payment, and take care of their family’s needs puts smiles on our faces. It’s why we do what we do.
Contact us today with any questions you have about debt consolidation or refinancing your title loan, or apply now!
Need to Refinance or Consolidate Your Loans? | California Auto Finance
(featured image: Investment Zen, flickr.com)