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

July 21, 2021 | Peyton Sawyer

loan help for bad credit

Low credit scores can make acquiring financial assistance a struggle. 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 get out of this loop. One of them being car title loans online offered by Wisconsin Auto Title Loans, Inc.

DID YOU KNOW: The average American consumer's credit score hovers at around 710. 

Why Do People Need Loan Help For Bad Credit? 

More than two million people in the United States seek loan help for bad credit every single year. That's about the same number as a large city requesting help with their budget.

Extra read: Second chance installment loans direct lenders offer. 

Here are some of the reasons why consumers seek loan help for bad credit in the first place:

1. Credit Score Affects Almost Everything Thas Has To Do With Money

From your ability to open a credit card in your name to your residential security on rental properties, your credit score plays a major role in most things that have something to do with money. Bad credit usually equals missed opportunities, higher interest rates, inflexible payment plans, and rejection from traditional banks (even in a dire emergency). 

FACT: The majority of American families have less than $3,000 available in their savings account for unexpected expenses. 

2. Traditional Banks Won't Give You Credit Unless You Already Have It

The modern credit system is great for many reasons, but it's also broken in several ways. For example, consumers can't get credit unless they already have credit.

The credit you do get must be kept perfect to get approved for most bank loans. While most of us have a score of 710 or less, banks usually want 750 or higher. 

FACT: Many banks also require collateral plus a high income to qualify you for a loan. 

3. Unexpected Things Happen When You're Not Prepared For Emergencies

The unpredictability of life has been made obvious to us all at some point, and that's exactly why many people need loan help for bad credit when something bad occurs.

Whether you're prepared for it or not, unplanned events are bound to happen. From needing to travel at a moment's notice to getting sick or injured at home, a fallback option is always a welcome reprieve. 

So if you’re searching for a better financial option, you’re on the right track. Car title loans online are one of the options to consider when attempting to find loan help for bad credit, since they don’t affect your credit score and you can qualify for one even if your credit is low.

why consider car title loans online

Why Consider Car Title Loans Online

Car title loans online let you use your car title to qualify for a loan while keeping possession of your vehicle and being able to use it to commute and drive it just like you did before.

In Wisconsin, you can get as much as $15,000 within 24 hours when you work with Wisconsin Auto Title Loans, Inc. and meet the simple requirements. Better yet, there's no store visit required, and an agent can come to your location to review your documents and inspect your car when checking if you qualify for the loan. 

NOTE: You must be at least 18 years old to qualify for a car title loan in the state of Wisconsin. 

How To Get Loan Help For Bad Credit With Car Title Loans Online 

Finding loan help for bad credit isn't as hard as it may seem. That's because online title loans have changed the game in recent years.

Borrowers with a poor credit rating can get cash deposited directly into their bank accounts on the same day they begin the loan process by following these three simple steps: 

Step 1 - Fill Out The Online Form

Complete the Wisconsin Auto Title Loans, Inc. online intake form to get started.

Step 2 - Schedule A Time

An agent will contact you after reviewing your information. Set up the best time to complete the process. 

Step 3 – Have Your Documents

You'll be asked for the following items before the agent can approve you: 

  • Your car for a quick appraisal.
  • Your driver's license or a valid government-issued photo ID.
  • The lien-free title of your vehicle (listed in your name).

If your car title doesn't list your name as the primary owner, visit the DMV before starting the process to have it changed. Also, bring some banking information to help expedite the deposit of your loan even more. 

car title loans online

Submit An Online Title Loan Form Today

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.