When Short Term Loans are Not Enough
Car title loans are an alternative to short term loans when a cash loan is needed for more than a few hundred dollars or if you need an extended repayment schedule. Essentially, a car title loan is a cash loan using your car as collateral. However, you get to keep possession of the vehicle and drive it while you pay the loan.
You can also get a cash loan using your motorcycle or RV as collateral; however, the vehicle used to secure your loan must be paid off.
The application process, like short term loans, is quick and confidential. You can begin the process by calling our office or through our online application form.
In most cases you can get your cash loan approved the same day over the phone and receive the cash upon inspection of the vehicle and verification of income, address, insurance, and driver’s license.
One of the major differences between short term loans and car title loans is the amount you can borrow. With short term loans you can borrow as much as $1000 payable in two weeks. With a car title loan you can secure a loan of $2510 if your car is worth at least $4000.
Village Financial Service offers flexible repayment schedules of 30, 60, 90 days or up to 4 years on larger loan amounts. Your loan can be paid early without penalty fees after 30 days.
Village Financial Service LLC is a licensed California Finance Lender serving Palm Desert, Palm Springs, Indio, La Quinta, Cathedral City and other Coachella Valley cities.
Short Term Loan vs Car Title Loan Chart
|Short Term Loan||Car Title Loan|
|Can be obtained same day||Yes||Yes|
|Must have a job||Yes||No|
|Must own a car worth $4000 or more||No||Yes|
|Borrow $2510 or more||No||Yes|