Looking For Loan Help For Bad Credit? Here’s Why A Car Title Loan Is An Option

Low credit scores can make it challenging to acquire financial assistance. However, financial struggles are what cause credit scores to decline in the first place, which may seem like an endless loop when you’re trying to find loan help for bad credit. However, there are options to escape this loop, like online car title loans from Wisconsin Auto Title Loans, Inc.

In this guide, we will explain how you can get approved for Wisconsin title loans regardless of your credit score. We will review the requirements, approval process, and other essential details you should know before applying.

Why Do People Need Loan Help For Bad Credit? 

According to an Experian study from 2024, nearly 30% of Americans have a credit score below 669. Inflation has continued to increase housing, gas, and food costs, making it harder to afford essential bills. People who lose their jobs or cannot make enough money to afford rising costs can suffer from low credit, with few solutions to improve their finances.

For that reason, many people seek emergency cash loans for bad credit to help afford urgent costs they cannot afford.

Here are some of the reasons why consumers seek poor credit financing:

1. Your Credit Score Influences Other Financial Decisions

Your credit score influences many financial aspects, from opening a credit card in your name to securing residential security on rental properties. Poor credit often results in missed opportunities, higher interest rates, inflexible payment plans, and rejection by traditional banks, even in urgent situations. 

While a bad credit personal loan will not increase your credit score dramatically, it can help you afford costs to avoid your score plummeting further. You can pay for medical bills, overdue rent, or home repairs with poor credit loans.

2. Traditional Banks Won't Give You Credit With Bad Credit

The modern credit system offers many benefits, but it also has some flaws. For example, consumers can't get credit unless they already have credit. The credit you do get must be kept perfect to qualify for most bank loans. While most of us have a score of 710 or lower, banks usually require a score of 750 or higher. 

Personal loans for borrowers with bad credit help them cover financial emergencies. Instead of proving your creditworthiness, you can access emergency funds by using collateral or demonstrating your income.

3. They Cannot Afford Unexpected Emergencies

Whether you're prepared for it or not, unplanned events are inevitable. From needing to travel at a moment's notice to getting sick or injured at home, a fallback option is always required to ensure you can afford urgent costs.

Those with poor credit need options to borrow money without having to prove their creditworthiness. This is where low credit personal loans, like online title loans, can help provide fast financial relief.

Why Consider Car Title Loans Online For Bad Credit

Wisconsin online title loans enable you to use your car title to qualify for a loan, while still retaining possession of your vehicle. If you have fully paid off your car, truck, or SUV, you can get approved using your vehicle’s lien-free title as collateral.

In Wisconsin, you can get as much as $15,000 within 24 hours when you work with Wisconsin Auto Title Loans, Inc. How much you can borrow depends on your vehicle’s value. We will inspect its age, make, model, condition, and mileage to determine how much you can borrow.

Car title loans online are available with bad credit because you use your vehicle title as collateral. The loan lender is secured should you fail to make repayments. You will not need to prove your creditworthiness to meet our requirements.

What Are The Required Items For Online Title Loans?

As mentioned above, we do not require good credit; you can qualify for title loans even with bad credit. All you need to get approved are a few simple items that should be easy to find. Borrowers must be at least 18 years old and own their vehicles outright to qualify.

Here are the required items for title loans online in Wisconsin:

• A state-issued photo ID that displays your full name and age
• A lien-free car title in your name
• Your vehicle for a quick inspection

If you have these items, you can start the quick approval process for online title loans for bad credit.

Getting Approved For Online Title Loans For Bad Credit

The entire process takes less than 30 minutes. You can start the process at home with our online inquiry form, but you'll need to visit one of our stores to finish it. Luckily, our friendly loan associates will explain every step and guide you through the entire process for quick approval.

The following is how to get approved for bad credit online title loans:

• Fill out our online form with your essential information (full name, zip code, contact information, and vehicle details)
• Answer a phone call from a loan specialist to discuss online title loan terms
• Gather your required items and head to the closest Wisconsin store location
• Get your documents verified in person
• If approved, sign the title loan agreement to complete the process
• Receive your urgent funds the same day you apply or the next business day

Wisconsin Online Title Loans FAQs

Will an online title loan lower your credit score?

We do not do hard credit inquiries or report our loans to the major credit bureaus. Your credit score will remain unaffected by borrowing an online title loan.

What is the typical repayment period of title loans online?

Borrowers usually repay their car title loans within 30 days. You can pay as you make money, or pay it all off at once with one lump sum. Only borrow as much as you feel you can afford to repay.

What are bad credit financing alternatives to online title loans?

If you have not fully paid off your car yet, you can get approved for a signature installment loan. We will do a soft credit check, but we will not reject you based on bad credit. You can borrow up to $1,500 after agreeing to repay the loan in fixed installment payments.

Borrow Online Title Loans In Wisconsin – Receive Up To $15,000 Today!

Need fast financial help right away? Loan help for bad credit might be just a few clicks away when you qualify for car title loans online. Submit your online form today with Wisconsin Auto Title Loans, Inc. to find out if you qualify and how much money you qualify for.

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