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Can I Get Short Term Loans With Bad Credit?

Most banks will automatically deny a personal loan if you have bad credit. However, we here at Wisconsin Auto Title Loans, Inc. can help you out. We offer short term loans for bad credit, and we make sure our process is quick and simple. You may even get the money on the same day you apply if you are approved! So if you need emergency money now, read on to find out more about our bad credit title loan and how you can start the process today.

Learn How You Can Get A Bad Credit Title Loan

What Are Title Loans And Can I Get One?

Banks and other traditional lenders depend heavily on credit scores (or other financial factors like income and employment) to evaluate whether or not you are a credit risk. A bad credit score may indicate that you’ve missed payments or have a lot of existing debt. In some cases, you have no credit history at all, so lenders have no proof that you can pay off a loan. But with a title loan from us, your credit score may not be seen as important as with other loans.

This is because you back the loan by proving your lien-free vehicle title as collateral. It acts like a pledge that you will follow the loan agreement, including the payment terms and schedule. The good news is that you can still keep your vehicle — we are using your vehicle’s lien-free title as collateral, not the vehicle itself! We just file a lien, which will only prohibit you from selling it or using it to take out other loans. When you’ve paid the loan back, we remove the lien.

title loan with bad credit

What Kind Of Vehicles Can Be Used For A Title Loan?

When it comes to what kind of vehicles we accept, you can use either your car, truck, minivan, or SUV for this loan. Just make sure that the title is free of any outstanding liens and is in your name. If it is registered under somebody else, either that person files for the loan or you have the title transferred to you. This can be done at the Department of Motor Vehicles (DMV), but note that the transfer forms will need the signature of the person whose name is on the title.

Another important requirement for short term loans for bad credit is that the title is lien-free, i.e. it isn’t being used to secure other loans, and it has no court judgments or legal claims. You can find out if your car has an existing liens at the DMV. There are also websites that let you do a quick search. If your title does have an outstanding lien on it, you will have to go to the DMV to remove the lien before you can use it for this loan.

What Are The Requirements?

Now that you know what this loan is, you need to know about the required items. These items allow us to determine if you qualify for approval and how much we can lend you. Keep in mind that without these items, we will not be able to help you get through the bad credit title loan process. But don’t worry, we make sure to keep the list short so you can remember it. You only need three things to apply for short term loans for bad credit:

  • A lien-free vehicle title in your name.
  • A driver’s license or state-issued photo ID.
  • A physical inspection of your vehicle.

We will verify the title and the ID to make sure that you are the vehicle owner and that you aren’t a minor. We conduct the vehicle inspection so we can give a fair evaluation of the loan amount that we can lend you if you are approved. The maximum loan limit is $15,000, but this depends on the kind of car or truck you have and its general condition. Rest assured that Wisconsin Auto Title Loans, Inc. will always give you a fair estimate based on a national pricing guide.  

Can I Apply For A Title Loan Right Now?

Now you are ready to get started on the simple title loan process! Our loan representatives will be here to help you at every step. First, head over to our inquiry form on our website. It’s short so you can complete it in just a few minutes, and it saves you the trouble of having to call or come in right away. Soon, a loan representative will call you back to explain more about short term loans for bad credit.

Second, get ready for your vehicle inspection either at the nearest Wisconsin title loan location or at a location of your choosing. You will need to bring your vehicle title, ID, and vehicle for physical inspection. The in-person process will be quick — sometimes as little as 30 minutes! You will know right away if you have been approved, and how much you will be able to borrow. The loan representative will then explain the terms of the loan.

We are very transparent, and you can clarify anything at any time. We will also go over the paperwork you need to finish in order to complete the process. If you agree to the loan terms and how much we can give you, all that’s left is to sign a handful of documents. If you were able to complete this process before a certain time, you get the money the same day. Otherwise, you can get it the next bank business day.

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Get The Bad Credit Loan You Need Today!

If you need the money as soon as possible to handle your emergency expenses, you can now look into short term loans for bad credit! There is no reason why bad credit should hold you back from getting the bad credit title loan you need. We recommend using the inquiry form now to find out if you qualify for short term loans for bad credit, so we can assist you right away. Our loan representatives are on standby, so act now to get the cash you need!


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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.