(Newswire.net — July 20, 2016) Orange, California — Car title loans in California are a way consumers can get emergency funding for a variety of personal issues, and the industry is booming. There are potential pitfalls to loans of this type, however, and Title Loan Direct understands that consumers need to do their research before pursuing a title loan. The company, founded in 2015, specializes in same-day loan solutions for customers who may not qualify for traditional loans from banks or credit unions. One of the biggest pitfalls consumers may face is borrowing more than they can afford. “It is critical that a customer stays within his or her financial abilities,” says a spokesperson for the California-based direct auto loan provider. “Many consumers discover that their car’s value qualifies them for more money than they can afford, and then they have difficulty repaying the loan.” To learn more about financing options through the company, visit www.titleloandirect.com/advantages-of-a-title-loan.
In this situation, consumers often feel that they should get the most out of a title loan, but the drawback is that this results in a larger monthly payment. If that monthly payment is too much for them to pay back on time, those consumers risk losing their vehicles to repossession, as well as ruining any personal credit history they have been able to build up. Customers must also read the terms of the loan carefully, paying close attention to the annual percentage rate (APR), add-on fees, and other costs that may affect the total monetary value of the loan as well as the cost of repayment. “We encourage our customers to ask questions about the loan terms and the process of securing the loan,” adds the spokesperson. “We want our customers to be as informed as possible when choosing financing options like the products we offer.”
Title Loan Direct offers some of the best loan rates in the industry. Consumers in California can apply for a car title loan online, over the telephone, or at the company’s headquarters in the city of Orange. The company’s website offers site visitors a tool to get an estimate of how much their vehicle is worth before applying for a loan. The loan experts employed by the firm provide unrivaled customer service and fast loan approvals, often within two to three hours of applying. For more information on the company and their products, visit www.titleloandirect.com.
About Title Loan Direct
Established in 2015 in Orange, California, Title Loan Direct has quickly made a name for itself by offering fast, courteous car title loan services to its many customers. The company strives to provide its clients with some of the loan industry’s lowest rates and the outstanding service that has helped them earn their reputation for quality. Flexible monthly payment options and hassle-free loan servicing are hallmarks of this rapidly-growing loan company.
Title Loan Direct
500 City Parkway West, Suite 360Orange, California 92868
United States
(714) 482-4888
cs@titleloandirect.com
https://www.titleloandirect.com/