Which Loans Can I Get With Bad Credit In Wisconsin?

Whether you have poor credit or you are building your credit, you still have a good chance of getting two types of Wisconsin bad credit loans. That’s because quick cash loans do not have a credit requirement, meaning you can get bad credit loans in Wisconsin when facing a financial emergency.

In this guide from Wisconsin Auto Title Loans, Inc., we will explain what emergency cash loans you can get with bad credit and how the approval process goes. We will also review why poor credit borrowers can get approved for emergency cash with these Wisconsin loans.

Why Do Wisconsin Emergency Cash Loans Not Require Good Credit?

Many borrowers facing a financial emergency who need quick cash may worry that they cannot get approved for a loan because of their bad credit. However, you do not have to worry about your poor or nonexistent credit when getting a quick cash loan with Wisconsin Auto Title Loans, Inc.

We offer short-term loans, which means there is less of a need for borrowers to prove their creditworthiness. One of the two loans we offer requires collateral to secure the loan, meaning your credit score is not relevant. Proving you have a stable income also gives us the confidence to provide emergency cash without requiring good credit.

What Bad Credit Loans In Wisconsin Can You Get Approved For?

If you need Wisconsin bad credit loans, we here at Wisconsin Auto Title Loans, Inc. can offer you either title loans or installment loans. Either of these bad credit loans in Wisconsin can help you get through any emergency expenses you have, and you can easily get through either process with our help.

Here is a complete breakdown of both of our loans and how bad credit plays into each of them:

1. Title Loans

Title loans are secured, short-term emergency loans that allow drivers who have fully paid off their vehicles to use their lien-free car titles as collateral. We will place a lien on your vehicle title to process the loan, and you get to keep driving your vehicle while handling repayment. Borrowers can receive up to $15,000 from Wisconsin title loans.

This type of loan does not require good credit because it is secured with collateral. Good credit is required for traditional bank loans because banking institutions need security to know you can be trusted to repay the loan. In the case of bad credit title loans, the loan lender will have your car title as security and can seize your vehicle if you fail to repay the loan.

2. Signature Installment Loans

Signature installment loans are unsecured, short-term loans that require drivers to provide their signature and repay the loan in installment payments. This type of bad credit loan in Wisconsin can only provide up to $1,500 in emergency cash, but it does not require high-value collateral. This makes the repayment process less daunting and stressful, as you won’t have to worry about losing your vehicle.

You can get approved for an installment loan with bad credit because it is a short-term loan with a smaller loan amount than most other loans. This means the loan lender takes on less risk. They will still look at other factors to determine approval, such as employment stability, income, and others, but your credit score is not a major determining factor. You can get approved for bad credit installment loans today to handle emergency expenses.

Is A Credit Check Necessary For These Wisconsin Emergency Loans?

You can get these emergency cash loans in Wisconsin without good credit, but will a loan lender do a credit check? At Wisconsin Auto Title Loans, Inc., we may do a soft credit inquiry. This involves looking into what your credit score is without alerting credit bureaus.

This soft credit inquiry will not affect your ability to get approved for title loans or installment loans. Your credit score may affect your loan value. However, factors like the value of your vehicle for a title loan, income, and job stability will play a larger role in determining your loan value.

Will Bad Credit Loans In Wisconsin Affect A Borrower’s Credit Score?

Borrowers may worry that bad credit loans in Wisconsin can affect their credit score negatively, making a bad score even worse. However, that is not the case, as Wisconsin Auto Title Loans, Inc. does not report our title loans and installment loans to credit bureaus. You will not suffer from further reduced credit by getting an emergency cash loan with us.

That also means that you cannot use title loans or installment loans to help with your credit score. Paying off Wisconsin title loans or installment loans will not increase your credit score, as we will not report your payments to credit bureaus.

How To Get Loans With Bad Credit

Now that you understand Wisconsin emergency loans and how your credit affects them, you can learn how to get loans with bad credit in Wisconsin. Wisconsin Auto Title Loans, Inc. has a simple approval process for those needing emergency cash. You can get same-day approval for title loans and installment loans in Wisconsin after following a few simple steps.

The following is how to get loans with bad credit in Wisconsin:

• Fill out the online inquiry form on our website
• Answer a phone call from a loan associate to discuss your loan
• Ask questions about title loans or installment loans
• Agree on a location for an in-person meeting, such as your home, work, or a Wisconsin store location
• Gather your required items and head to the in-person meeting
• Have the loan associate verify your required items
• If you are getting a Wisconsin title loan, allow the loan associate to inspect your vehicle
• Sign loan documents
• Receive your emergency cash the same day or the next business day

Get Bad Credit Loans In Wisconsin With Wisconsin Auto Title Loans, Inc. Today!

Bad credit can limit your options, but not at Wisconsin Auto Title Loans, Inc. when you need help. We offer ways to get cash in your pocket for major emergencies. Consider these Wisconsin bad credit loans if you need cash now and can’t access it due to your credit history.

We have agents ready and able to answer your questions and help you out. Don’t let your bad credit hold you back from getting a loan when you need help. Fill out the online form for either of our loans right now!

 

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