Title Loan - Frequently Asked Questions
Q: What requirements do I have to meet to get approved for a loan?
A: The most important requirement you will have to meet is that you own a "clear" title on your paid-off or nearly paid-off vehicle. Other than that, the requirements for each customer may vary.
Q: What is the minimum loan amount?
A: The minimum loan amount varies depending on the state you're in. It is $1,500 in Arizona and South Carolina, $2,510 in California, Oregon, and New Mexico.
Q: What is the maximum loan amount?
A: The value of your vehicle will determine your maximum loan amount.
Q: What can I do with the money I get from Wilshire Consumer CreditSM?
A: It is your money. Use it any way you like! All we can suggest is that you use it responsibly and have a plan for repaying your loan on schedule.
Q: How do I apply for my cash title loan?
A: You can apply for your cash title loan online or call (888) 333-5645.
Q: How long do I have to pay back my cash title loan?
A: Our average term is 24 months. Depending on various factors, we can offer longer or shorter payment terms to best fit your needs.
Q: How do I get in touch with you?
A: You can call us at (888) 333-5645, E-mail us at: info@wilshireconsumer.com, or Apply Online.
Q: Is Wilshire Consumer CreditSM licensed?
A: Yes - Wilshire Consumer CreditSM has obtained licenses or certifications as a lender in the following states: Arizona, California, New Mexico, Oregon, and South Carolina.
Q: I'm not comfortable providing my social security number online. What should I do?
A: Since our application is secure (www.thawte.com), you should not be concerned about any information you enter on your application. However, we understand that many people are uncomfortable providing sensitive information on the web, so we offer you the option of submitting an application over the phone. Simply call us at (888) 333-5645 to apply for your loan.
Q: Will you pull my credit report?
A: Yes, we will pull your credit report at the time we process your application. However, keep in mind that bad credit and/or credit blemishes have little weight on your eligibility for an auto title loan.
Q: How long will it take for me to hear whether I have been approved for my vehicle collateral loan?
A: Almost immediately! Wilshire Consumer CreditSM will provide you with a decision minutes after you have submitted your application, but only if you submit it on Mon-Fri from 8 am-6 pm. If you apply at any other time, you will be notified first thing in the morning on the following business day.
Q: What happens after my auto title loan application is approved?
A: We will contact you with our offer of credit, including your loan amount and terms. Then, a Wilshire Consumer CreditSM representative will set up a convenient time to bring the loan contract to you for your signature.
Q: How fast will I get my money?
A: In most cases, the same day. It all depends on how fast you supply us with the documentation we need.
Q: When will my first auto title loan payment be due?
A: Your first payment will be due 30 days after you receive your money.
Q: How do I make my cash title loan payments?
A: It depends on what mode of payment you prefer and how well you are able to remember your payment dates. You may mail your payments to our payment center, pay by phone with a check, or you may set up monthly automatic electronic debits from your checking account.
Q: Can I pay off my vehicle collateral loan early without a penalty?
A: Yes - Wilshire Consumer CreditSM does not charge prepayment fees. You can pay off any portion of your loan at any time without incurring a penalty.
Q: I received a solicitation letter. May I opt out of receiving future solicitations?
A: Yes - You may opt out of any future solicitations which originated from Experian. Click here to view the entire opt out notice.