• Documents for Pink Slip Loans

    On July 21, 1952, an earthquake struck at 4:52 am Pacific Daylight Time. The earthquake, which measured 7.5 on the moment magnitude scale and was felt from San Francisco to the Mexican border, destroyed the nearby communities of Tehachapi and Arvin. The earthquake's destructive force also bent cotton fields into U shapes, slid a shoulder of the Tehachapi Mountains across all four lanes of the Ridge Route, collapsed a water tower creating a flash flood, and destroyed the railroad tunnels in the mountain chain. Bakersfield was spared, experiencing minor architectural damage without loss of life.

    We will now take some time out to talk about car title loan and how it works in Bakersfield.

    Common Uses for Car Title Loans

    o   Emergency Expenses

    o   Education Expenses

    o   Medical Bills

    o   Groceries

    o   Fuel

    o   Utility Bills

    o   Traveling


    Documents You Need

    In order to obtain a car title loan also called a pink slip loan, in most cases a borrower must own the vehicle outright; there may be no liens against the title. Lenders also require certain paperwork, including any or all of the following:

    o   Original vehicle title showing sole ownership

    o   Government-issued identification matching the name on the title

    o   Utility bill or other proof of residency matching the name on the title

    o   Current vehicle registration

    o   Proof of vehicle insurance

    o   Recent paystubs or other proof of ability to repay the loan

    o   Names, phone numbers and addresses of at least two valid references

    o   Working copies of the vehicle's keys

    Some lenders also require a GPS tracking device to be attached to the car, in case the borrower defaults and the lender wins the right to repossess the car. Some of these devices are designed to permit the lender to disable the car remotely.

    You can get more information on: https://en.wikipedia.org/wiki/Title_loan


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