Who Can Qualify For Auto Title Loans For Bad Credit?

Has bad credit ever stood between you and something you wanted — or needed? Wisconsin Auto Title Loans, Inc. doesn’t want that to happen again, and one way we hope to help is by offering auto title loans for bad credit. An auto loan could give you up to $15,000 in same-day money for bills or expenses, regardless of the situation. 

Finding out that you could be eligible for auto title loans with bad credit or no credit will change the way you look at your finances and automobile!

Can I Qualify For An Auto Title Loan With Bad Credit?

We proudly offer auto title loans for bad credit or good credit. Anyone is welcome to apply even with poor credit, because our bad credit loans are structured differently from the types of loans you’re probably familiar with. Having an average to high credit score is the main requirement for getting a bank loan, but we look at other factors before granting title loans. This opens the possibility of a short-term loan to more people across the state, many of them who would be turned away immediately by other loan lenders.

Why Isn’t Credit A Major Factor With Fast Cash Loans?

The obvious question from borrowers is, “Why?” Why do other lenders let your credit score dictate so much, but title lenders like us don’t? The answer is surprisingly simple, collateral. For auto title loans also known as bad credit loans, the title to your vehicle serves as collateral to secure the loan. Not the vehicle itself, you’ll notice. You can keep your vehicle, use it as you normally do, and make your pre-determined payments until your loan is paid in full.

After repayment, you get the title back and we will remove the lien. As you can see, nothing changes for you the borrower, as the car owner. You provide collateral in the form of a vehicle title, and we provide the car title loans cash you need – if you are approved, of course. To review, by offering your title as collateral, you don’t necessarily need a high credit score or anything else the bank might ask for. Note that this doesn’t mean we’ll never check your credit score.

Another Reason To Consider Bad Credit Loans

As a bonus, title loans won’t hurt your credit any further. Even if we look at your credit, it’s considered a soft inquiry, not a hard hit. This means that you get to keep working toward the goal of better credit without having yet another mark against you. Auto loans are usually funded within two business days, which means you will have cash on hand to pay credit cards or any other big emergency expenses that could go against your credit.

Keep in mind, that we do not recommend you get an auto title loan to fix your credit. This loan was not designed as a permanent fix for your credit or financial situation. It was designed to help you handle your emergency expenses. So think long and hard before you commit to repaying the loan as to avoid repossession of your vehicle for non-payment. This is a financial commitment just like any other including fees, interest rates, and repayment terms, and that means you should only use this option when absolutely necessary.

What Are The Title Loan Requirements For Car Title Loans?

If credit isn’t an issue, as most consumers, you may wonder what you will need in order to get auto title loans for bad credit. The great thing is we don’t make the list complicated, and if you meet these basic title loan requirements, regardless of your credit score, you are eligible to apply for auto title loans — and you have a good chance of getting approved! As we said the required list is short, and you probably have everything you’ll need on hand for the loan process:

• A driver’s license or another state-issued picture ID
• A vehicle that you own and can bring to a designated location for inspection
• The lien-free title to that vehicle, meaning under no prior lien or judgments

How Do I Apply For Bad Credit Auto Title Loans?

To top it off, Wisconsin Auto Title Loans, Inc. doesn’t complicate matters. To get fast cash loans for bad credit, you only need to follow a few simple steps. First, complete our online form on our website so we can give you a call and help you get things started. Next, we’ll call you to set up the vehicle inspection either at the nearest Wisconsin store location or at another location of your choosing. Regardless of where we meet for the inspection, we will let you know if you qualify for approval.

Get The Car Title Loan Money You Need Regardless Of Your Credit

As you can see, you don’t have to let a bad credit history stand in your way of getting help with a title loan. Regardless of low credit, you can still use your car title to get a car title loan for bad credit when you come to see us at Wisconsin Auto Title Loans, Inc.! 

We are happy to help you through the lender approval process to find out if you qualify for cash, without the worry of a loan decision depending on a credit check. So don’t hesitate any longer and struggle on your own! Fill out the online form or give us a call and we will help you get started today!

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