How Can Bad Credit Title Loans Help People Struggling Financially?

At Title and Payday Loans, we know that there are certain situations when bad credit title loans can come in handy. A low score should not stop you from getting the financial help you need, and some lenders are ready to work with any credit situation.

Keep reading to learn what documents you’ll need to take out such a loan and what amount you might qualify for.

How Can Bad Credit Loans Help In An Emergency?

Did you know that borrowers are typically required to have a credit score of at least 640 or higher to qualify for a loan offered by a traditional bank or credit union? This means that over a third of all Americans won’t get access to much-needed cash (around 33% of the population have a score between 300 and 620).

Such a system can be especially unfair toward those who made only a few minor mistakes that significantly dropped their scores or who haven’t even had a chance to start building credit yet.

However, there is a way for you to get urgent cash even if your credit score is considered to be ‘bad.’ With bad credit title loans offered by online lenders, you might receive the much-needed cash as soon as the same or the next bank business day. Furthermore, you will be treated with the respect you deserve from start to finish.

What Will You Need To Take Out A Bad Credit Loan?

Even though bad credit will not necessarily prevent you from qualifying, there are a few requirements that you would have to meet:

• You need to be over 18 years old: To prove that, you would be asked to show your government-issued photo ID. The document will also be used to prove your identity.

• You have to own the car outright: Remember that to qualify for a title loan, you must have a vehicle that you own outright. If you’re still making payments on the car, its title cannot be used as collateral when taking out a loan.

• The title must have your name on it: The chances are high that the document already has your name on it if you have paid off your car loan. But if, for some reason, the title didn’t get transferred, you would have to get that done at your local DMV before attempting to take out a title loan.

As you can see, taking out a bad credit title loan is incredibly simple. In fact, if you already have your ID and lien-free title on you, you can choose to drive to the lender’s store immediately without having to spend time gathering any additional documents.

How Can Title And Payday Loans Help?

You wouldn’t have to search for reputable lenders in your area, as we have already done the job for you. We at Title and Payday Loans work with a network of trustworthy service providers that offer competitive rates and superior customer service.

Here’s how the process of taking out a title loan works if you decide to do business with us:

1. Once you have gathered the required items, you can start the process wherever you are by completing a short online form through the TitleAndPaydayLoans.com website.
2. The basic information you provide on that form will help us find a suitable lender for your specific case. We will connect you with the nearest vendor in the shortest time possible.
3. Get on the phone with the store associate to learn more about the required items and the final steps.
4. Meet up with the verification agent who will conduct a quick car inspection and find out whether you qualify and for how much (you might get up to $15,000 depending on the value of your vehicle).
5. If approved, finish the remaining paperwork and receive the loan amount the same day or the next bank day.

Will You Need To Drive To The Store?

The lenders that we work with also offer online title loans. This means that you can always choose to meet the verification agent at a location of your choice, instead of driving to the store to complete the process.

Seek A Bad Credit Title Loan With Title And Payday Loans Today!

Qualifying for bad credit title loans has never been this easy. Just prepare a few documents and you might receive up to $15,000 in a short timeframe. You don’t need to have a checking account to qualify and even bad or non-existent credit won’t necessarily prevent you from getting the fast cash.

Allow us to connect you with a suitable lender! Fill out our inquiry form on TitleAndPaydayLoans.com to get the process started right now.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.