questions about auto title loans for bad credit

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 the same day you apply 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 Loan With Bad Credit?

We proudly offer auto title loans for bad credit or good credit. Anyone is welcome to apply because our 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 lenders.

man wondering who can get auto title loans

Why Isn’t Credit A Major Factor?

The obvious question is, “Why?” Why do other lenders let your credit score dictate so much, but we don’t? The answer is surprisingly simple. Another requirement for most types of loans is collateral. For auto title loans for bad credit, the title to your vehicle serves as that collateral. 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.

At that time, you get the title back and we will remove the lien. As you can see, nothing really changes for you, the car owner. You just provide collateral in the form of a vehicle title that’s probably sitting in a file somewhere anyway, and we provide the cash you need – if you are approved, of course. By offering your title as collateral, you don’t necessarily need a high credit score or anything else the bank might ask for. Do note that this doesn’t mean we’ll never check your credit score.

Another Reason To Consider A Title Loan For Bad Credit

As an added 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 basically 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 card bills or any other big emergency expenses that could go against your credit.

Now, keep in mind that we strongly recommend you not get this loan if you only want it to fix your credit. This loan was not designed as something to permanently fix your credit or financial situation. This loan was designed just to help you handle your emergency expenses. So think long and hard before you commit to repaying the loan. This is another commitment just like any kind of loan, and that means you need to take it out only when absolutely necessary.

What Is Required For Auto Loans?

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

  • A driver’s license or some other picture ID
  • A vehicle that you can bring to a designated location for inspection
  • The title to that vehicle, under no prior lien

who can get auto title loans

How Do I Apply?

Wisconsin Auto Title Loans, Inc. doesn’t complicate matters. To get auto title loans for bad credit, you only need to follow a few simple steps. First, complete our online form found 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 Title Loan You Need Regardless Of Your Credit

As you can see, you don’t have to let bad credit stand in your way of getting help. You can still get auto title loans for bad credit when you come see us at Wisconsin Auto Title Loans, Inc. for help! In fact, we are happy to help you get through the process to find out if you qualify for approval. So don’t hesitate any longer and struggle on your own! Just fill out the online form or give us a call and we will help you get the ball rolling 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.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.