Gold Acceptance, a popular car title loan provider that specializes in lending to borrowers with subprime credit scores has announced a recent partnership with Title Loan Direct. Through the new partnership, Title Loan Direct will be expanding their services to a greater range of borrowers and offer more loans through their California-based headquarters.
Gold Acceptance/Title Loan Direct Partnership Means More Loans for California Residents
“Being able to provide more title loans to our customers helps our company grow,” said Title Loan Direct’s president, Michael Wilson. “Our partnership with Gold Acceptance is a big move as we continue to add loan services to our company roster.”
By supplying more borrowers throughout California with loans, Title Loan Direct’s partnership with Gold Acceptance will help to spread awareness about how car title loans work in California, and the financial advantages they have to offer their borrowers.
The Two Rising-Star Companies Offer Alternative Loan Resources for Sub-Prime Credit Borrowers
Given the high number of different loan options for borrowers in California, the partnership between Title Loan Direct and Gold Acceptance is a significant step forward for title loans and subprime credit loans in the state of California. Their increased availability to borrowers with poor credit or little to no financial history has boosted their popularity as a loan choice for many California residents.
“The most important aspect when choosing a loan servicer is to determine how responsive they are to client needs,” says Michael. “Our company offers same-day funding and no pre-pay penalties, all of which makes the process as smooth and hassle-free as possible.”
The speed of available funds is one of the biggest draws for many California borrowers who are interested in car title loans. It allows borrowers who wouldn’t ordinarily qualify for some types of loans to have access to a faster cash resource.
Younger Title Loan Direct Makes Valuable Connection with More Established Gold Acceptance
Title Loan Direct has only been operating since 2015, but they’ve quickly expanded to feature several successful locations in the state of California. Gold Acceptance took notice of the young company’s success, and saw a valuable business opportunity to partner with them and serve a greater scale of clientele in Southern California, and potentially expand.
California car title loans work as a collateral-based loan, so borrowers’ financial history is less critical to the lending process. Auto owners who own a vehicle free of any liens can lend out the title of their car using the equity value in exchange for a faster source of funds than with a traditional loan. Many borrowers have found this and similarly-structured loans to be an easier way to secure a loan, especially when poor credit has been a disqualifying factor for them in the past when it comes to loans.
With the expanding partnership between Gold Acceptance and Title Loan Direct, more California borrowers can expect to be approved for car title loans. The selection of title loan services and products will likely expand, as well.