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How to Avoid a Car Repossesion

If you’re facing a financial crisis, then you are not alone. Today’s economy has led many residents of California to face serious economic issues, including serious cash shortages. Fortunately, if you own a motorcycle outright, or have just a few remaining payments left on one, then City Loan may be able to help.

We’re the best motorcycle pawn loan company in Long Beach, and we may be able to get you the cash you want today. For the past 20 years, we’ve provided fast, convenient and easy pawn loans, with affordable repayment terms and an excellent repayment schedule.

If you’re facing an emergency financial situation, call City Loan Long Beach at 1-888-238-9085 to get the cash you want today.
 

What is a Motorcycle Pawn Loan?

A motorcycle pawn loan uses your motorcycle’s title as collateral for a secured loan. By giving us temporary possession of your motorcycle, you’ll be able to receive a cash loan based on the value of your bike. The more your motorcycle is worth, the more money you’ll be able to borrow from us.

After you’ve repaid your loan in full, your motorcycle will be returned back to your possession. But best of all – during the process of repaying your pawn loan, we won’t require you to leave your motorcycle with us, parked in your garage, or even parked at a storage lot somewhere. In fact, as long as you continue making payments on time, we won’t restrict your use or access to your motorcycle in any way!

Here at City Loan Long Beach, our borrowing process is so simple that the entire thing can be summed up in four simple steps:

  1. You give us temporary possession of your motorcycle’s title
  2. You receive a cash installment loan based on the value of your motorcycle
  3. You make a series of monthly installment payments to pay back your loan
  4. You get the title to your motorcycle back once you pay back the loan

City Loan makes it easy to borrow lots of money quickly, without forcing you to have to make any serious sacrifices along the way.

 

Benefits of a Motorcycle Pawn Loan

Motorcycle pawn loans are a great way to raise lots of money quickly, and they offer some great benefits when compared to alternative types of short-term loans. Here are just a few of the many reasons why you should consider getting a motorcycle pawn loan:

  • Unlike other types of short term loans, City Loan Long Beach’s motorcycle pawn loans are structured to make it easy for your to pay them back
  • City Loan’s motorcycle pawn loans are fast, allowing you to get a personal loan within hours of requesting it
  • Unlike auto pawn loans, a motorcycle title loan from City Loan Long Beach will let you continue to ride your motorcycle wherever you want and as much as you want, throughout the course of your loan
     

Motorcycle Pawn Loans for Bad Credit

If you have bad credit, don’t be discouraged.

City Loan does not limit motorcycle pawn loans to people with stellar credit scores. In fact, we’re well known as being one of the easiest lenders to work with, especially for people with poor credit.

Even if you’ve defaulted on a loan in the past, filed for bankruptcy, or had a vehicle repossessed, we may still be able to help.

Your ability to get a pawn loan from City Loan is more dependent on your motorcycle’s value and your income level than on your credit score.

Even if you’ve already been told “No” by other lenders, we may still be able to help.
 

Motorcycle Pawn Loans vs. Other Types of Loans

It’s no secret that there are plenty of avenues for borrowing money, but below you’ll find out why motorcycle pawn loans are one of the safest, most affordable and best ways to raise cash quickly.
 

Motorcycle Pawn Loans vs. Payday Loans

When people are looking for a quick way to raise cash, many end up looking into payday lending. At first, payday loans might seem like an easy answer for your financial emergency, but there’s a reason why payday lending has been banned by several states.

This form of short-term borrowing comes with many drawbacks, including some that could stand to ruin your finances forever. Here’s a short list to just a few of the big downsides to payday loans:

  • To get approved for a payday loan, you will have to show proof of income. That means if you are unemployed, paid under the table, or have variable income, you may have a hard time getting approved for a payday loan.
  • Even if you are approved for a payday loan, you will have only a very short amount of time to pay it back. Typically, payday loans must be paid back in full (including interest, penalties and fees) at the time you receive your next paycheck. For most people, that’s just two weeks!
  • Most payday loan lenders will only let you borrow up to the amount that your next paycheck is worth, meaning that unless you’re raking in a substantial income, you’re probably not going to be able to borrow much more than several hundred to a couple thousand dollars.
  • Once you review the fine print of a payday loan, you may find all sorts of hidden fees, exorbitant interest rates or other potential penalties that could cost you substantially more than you were originally expecting to be charged.
     

Motorcycle Pawn Loans vs. Credit Card Cash Advances

Credit card cash advances are an effective form of borrowing small amounts of money, but they’re not usually the best way to access fast cash if you need to raise a great deal of it in a hurry.

Just like payday loans, there are some serious restrictions that come along with credit card cash advances, including:

  • A credit card cash advance will only let you borrow up to the difference between what you already owe and your credit limit. For most residents of Long Beach, that’s probably a relatively small amount that you can get.
  • To be approved for a credit card cash advance, you will be required to have a good credit score. Again, here in Long Beach, that’s not always a given, and could be a massive problem. If you’re already facing financial issues, then it’s relatively unlikely that you’ll be able to qualify.
  • To get a credit card cash advance you will have to have a credit card in the first place. For many residents here in Long Beach, that will be a limiting factor.
     

Motorcycle Pawn Loans vs. Traditional Bank Loans

One of the best methods of borrowing money cheaply is to go to a traditional financial institution. Many people use a traditional bank loan to borrow the money needed to purchase a house, buy a new car or invest in a new business.

The main benefit of traditional bank loans is that they tend to offer some of the lowest interest rates in the industry, meaning that they’re the cheapest way to borrow money. However, while bank loans are an excellent way to borrow cash, they too come with some serious downsides, including:

  • Bank loans come with the longest application and approvals process in the industry, which can take weeks or even months to get a final approval and have the cash deposited into your account.
  • Bank loans are only available to people with excellent credit scores, basically, 620 and up. If your score is anything below 620, then talking to a bank will almost certainly be a complete waste of your time.
  • Bank loans are typically only provided to cover specific expenses that the bank can get behind, like for the purchase of a new property, renovations on an existing property, investing in a business or some other similar activity.
     

Tips for New Borrowers

If you’ve never borrowed via a motorcycle pawn loan before, here are a couple important points to keep in mind:

  • You are only likely to get approved for a loan if you own your motorcycle outright, or are very close to paying it off.
  • You are going to be borrowing against the value of your motorcycle, similar to a vehicle title loan, so unless it’s worth some serious money, you may not be able to get approved for a loan.
  • Because you’re borrowing against the value of your motorcycle, and using it as collateral for a loan, make sure you aren’t borrowing more than you can reasonably pay back.
     

City Loan Long Beach Can Help

City Loan is the best motorcycle pawn loans lender in Long Beach, and we’re prepared to get you the cash you want today!

Whether your credit is excellent, terrible, or nonexistent, we may still be able to get you the money you need within minutes of receiving your completed application.There’s a reason why we’re well known as the Long Beach’s best lender for people with poor credit – it’s because we really can help even after everyone else has already said “No!”
 

Find a City Loan Near You!

You can find the best car title loans City Loan has to offer in states like: Arizona, South Carolina, Missouri,  Utah, Texas,  California, and New Mexico. We have loan officers on standbye, waiting to answer any pressing questions you might have.

If you're in the Long Beach Area, drive over to our office located at:

Address: 
3431 Cherry Ave,
Long Beach, CA 90807


No other lender compares to City Loan Long Beach. We can provide you with the best and most efficient service compared to anyone else in the industry. Don't waste your time with those other guys!

Call City Loan now at 1-888-238-9085 to get your own fast, easy and convenient motorcycle pawn loan today!