California Car Title Business Volume Doubles

Published: Sat, 07/25/15

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The California Department of Business Oversight issued a Report that concluded California’s car title loan market loan
transactions more than doubled between 2011 and 2014 to 106,373.

Car title loans are collateralized loans in which a borrower puts up the title to their automobile in return for a loan.
In California, lenders must have a California Finance Lender's License (CFL), a bond, and loan a minimum of $2501.

The most appealing aspect of entering the car title loan industry in California is that the interest that can be charged by the
lender is not specified by the State. In California car title loan stores we charge between 8% per month and...
Read more and get access to the Report here: http://www.AutomobilePawn.com/?p=525

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