By carloansadmin • Mar 24, 2014
Los Angeles has been hit heavily by the recent economic problems plaguing the United States. There are many people in the Los Angeles area who have never had problems with their credit score prior to the recent downturn of the economy. However, with the recent downturn, there are those people who have had recent credit blemishes who for one reason or another are now in need of loan options in Los Angeles for emergency cash.
There are basically three main options for consumers in Los Angeles who are looking for a loan. These same three options have been available for the past few decades. These are not businesses which have sprung up in answer to recent economic issues; instead, these businesses have been around for years assisting customers with emergency financial situations.
The first option for consumers is looking for loans from a bank. Unfortunately, banks are known for not lending to customers with poor credit history. Poor credit history can indeed include recent problems with a customer’s credit history or recent financial transactions.
The second option for consumers looking for emergency cash is to look for a payday loan. Payday loans sometimes do check credit history and are based on the customer’s estimated pay check. This causes two problems for consumers. First, if the customer recently had financial problems, they may be denied a payday loan. Second, the customer’s next paycheck may not be enough to cover their needs.
The best option for a consumer with poor credit history who owns a car is a car title loan. Car title loans can usually be obtained quickly. A car title loan is not based only on credit history. A title loan can be repaid over the course of a longer amount of time than a payday loan. A title loan is based on the value of the car and the customers’ ability to repay. If you are in Los Angeles and in need of emergency cash, our loan officers are standing by to assist.
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USA Patriot Act Disclosure: Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Loans may be made by one of several lenders, including: First Electronic Bank, a Utah-chartered industrial bank located in Salt Lake City, Utah, Member FDIC; Wilshire Commercial Capital L.L.C. dba 1 (800) Car-Title and Wilshire Consumer Credit, a licensed lender in certain states. Loans not available in all states. In California, loans are made pursuant to a Department of Business Oversight California Finance Lenders License. See State Disclosures for additional information.
Accessibility Statement. We are committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards in compliance with Web Content Accessibility Guidelines. For feedback on our website accessibility or if you have any problems with the access of our website please call our toll-free number 800-589-0290 or email us at WilshireCustomerCare@WilshireConsumer.com and we will assist you.
Wilshire Commercial Capital, LLC dba 1 (800) Car-Title and Wilshire Consumer Credit is located at 4727 Wilshire Blvd, Suite 100, Los Angeles, CA 90010.
TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL Tracy Bergiman, Director of Compliance, 4751 Wilshire Blvd. Suite 100, Los Angeles, CA 90010, 323-837-5775, tbergiman@westlakefinancial.com.
New Mexico Only: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at
(505) 476-4885 or visit the website: https://www.rld.nm.gov/financial-institutions/.
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