For years, many people have warned against the use of car title loan companies. Some points made by opponents to auto title loans are valid. The biggest claim against title loans are that “they have extremely high interest rates that make it impossible for people to pay back the loan.” This statement can be proven true with many companies across the country, but can also be proved extremely false.
At California Car Title Loans, we have loan programs with the lowest interest rates in the country. The high interest rates that title loan critics talk about are triple-digits; our rates are the lowest at 6.6% per month. Critics believe that car title loan companies are out to repossess the borrower’s car to get the process over with rather than dealing with the customer’s payment and that’s why they charge such high rates. However, we charge the lowest rate because the repossession process is costly and quite frankly, we would much rather create happy customers by making payments affordable.
So are the critics right? In some cases, yes. With many companies, borrowers are forced to accept an outrageous interest rate. With us, that will never happen. Just take a read through all of our satisfied customers. If we charged a rate like many other companies, there would be no way we could stay in business as long as we have because no one would want to borrow from us. We have 2 goals in mind. Goal number one is to put money on the street-we want to get individuals the cash they need. Goal number two is we want to maintain our reputation as the premier lender in California- to do that, we need to provide customers with the best loan service possible and that means the lowest rates. If you have any skepticism regarding car title loans because of information you may have read, we are more than willing to answer any questions. We want to make sure you have a great understanding of what we are all about.
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