The Insider’s Guide to Getting a Title Loan with Bad Credit

In today’s financial climate, having a negative credit score is a weight that can pull you down for years to come. Even a few late payments are enough to affect your score, and who amongst us hasn’t had one or two of those? Unfortunately, a late payment can taint your credit report for years, and bankruptcy can harm your score for up to a decade. 

That is when alternative loans, like title loans, can help! Title loans have many benefits when you find yourself in a pinch, such as: being able to stay in possession of your car, all credit types welcome, and flexibility in repayment schedules. To find out even more, keep reading!

Using Bad Credit Title Loans When A Financial Emergency Hits Home

Improving your credit score can take years, and in the meantime, you may run into one of the toughest aspects of having weak credit: how difficult it can be to qualify for a loan. These days, most mainstream lending sources will outright deny a loan request if the borrower’s credit isn’t close to perfect. This can essentially make big-ticket items like a car or house out of reach for many consumers, not to mention applying for an apartment or opening a utility account.

So, what options do you have when your credit is less-than-perfect? Thankfully, there are some types of loans available like bad credit title loans that don’t consider your credit score during the approval process.

 

How Payday And Title Loans Are Different

Both payday and auto title loans are types of bad credit title loans that are available with any kind of credit. You can secure them by using your next paycheck or vehicle title as collateral, so the lender doesn't need to check your credit score when deciding whether to issue you one of these short-term loans. This gives payday and title loan businesses a great amount of flexibility that mainstream sources lack.

Additionally, payday and car title loan lenders are not required to report your transaction to any credit agency. That means whatever the outcome of your loan, it won’t hurt your credit score moving forward. This combined with the easy availability makes payday and title loans a great option for those who know they have the means to repay a loan, but are being denied the opportunity because of their credit score. Both are convenient, fast cash options for when you need emergency cash right away for a personal financial crisis.

In the case of a title loan with bad credit, the amount of the loan you could receive can be as much as $15,000. The amount is ultimately determined by the condition and value of the vehicle in review, so amounts will vary, but title loans can provide considerable amounts of cash. Like all types of loans, though, they should be used carefully and responsibly for valid expenses that cannot be put off.

How To Get A Car Title Loan In Texas 

If you live in Texas and need an emergency cash loan now for a financial crisis, Texas Car Title and Payday Loan Services, Inc. is one of the largest licensed providers in the state. They pride themselves on their speed and professionalism, and in some cases, they can have a customer in and out of one of their locations in as little as 30 minutes, with cash amounts up to $15,000.

When you come to us for a title loan, you will need to provide the following:

· Driver’s license or state-issued ID

· Lien-free title to your vehicle

· Proof of current income 

· Your vehicle itself, that way it may be inspected

Let Texas Car Title and Payday Loan Services, Inc. Help You Today!

Customers like you can get started anytime by filling out the secured request form online, after which you will be contacted promptly by a representative from your closest store location. They can answer any questions you have about how to apply, the required items, and the process of getting a title loan with bad credit or a payday loan with us as your lender.

Good credit, bad credit, or no credit - Texas Car Title and Payday Loan Services, Inc. is ready to help with getting your auto title loan money asap. To get started now, complete the online form with your basic information and a loan representative will call you soon after. 

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