Borrow Against Your Car Even When Your Credit Is Imperfect

by Jackie Cohen on September 13, 2017 · 1 comment

borrow against your carFortunately, there are lending options that do not define you based on your credit score and history. Title loans offer an affordable way for you to get money quickly if: there’s no lien on your vehicle; it’s owned your name; you can prove you have a source of income and you are over 18 years of age.

The most important factor that will determine your title loan offer is your car’s
condition and value. The latter determines the maximum loan you might be able to obtain. If your vehicle is estimated to be valued at $6,000, you could be eligible to receive up to that value as a loan.

How to Borrow Against Your Car

There are many title loan options available to you. From online solutions to title
loan offices, you can apply for a loan quickly and easily.

One of the most convenient ways to get a title loan with less than perfect credit is to
apply for a loan online. In many instances, it will only take a few minutes for you to
submit an application and receive an estimate of your vehicle’s value.

After you provide basic data about your vehicle and personal contact information, you will complete the loan application with the assistance of a title loan representative. You will receive an approval decision, and your cash will be deposited into your bank account.

Getting a title loan with less than perfect credit is an ideal way to get money without hassles.

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{ 1 comment… read it below or add one }

1 Mrs. Picky Pincher September 14, 2017 at 5:58 am

I think we need to be very careful about title loans as an option for securing loans. Title loans are notoriously predatory. I don’t think people realize that, when you put your car up as collateral, there is a very, very good chance that you won’t get your car back due to the rigid (and often unfair) terms of the loan.

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