Improve Your Bad Credit with a Title Loan

We’ve all been there, times get tough and you fall behind on your bills and your credit score suffers.  It seems like it is impossible to recover to where you were or even get ahead and progress.  Auto title loans are very different than other kinds of loans.  Instead of checking your credit score to show how much cash you are approved to borrow, the car title loan process instead is based on your car value.  This allows anyone who owns their own car to borrow money and make timely payments in return.  Doing this will actually help your credit score, or if you do not even have a credit score allow you to build good credit.

What Makes Car Title Loans Different?

A title loan is different from many other types of loans because an auto title loan is a secured loan.  A secured loan is when you borrow money on your vehicle which you have already paid off.  This allows you to use the equity already invested into your car to ensure you get the cash that you need.  By owning your car, you are also guaranteed pre-approval on your loan.  One of the best parts of an auto title loan is that if you want you can pay off the loan early without receiving penalty that a many other types of loans would penalize for.

What’s the Process to Apply for One?

Apply for a title loan is a quick and easy process, all you need to do is fill out a simple form online and speak with a qualified title lender to get a quote on how much you can borrow.  After the guaranteed pre-approval process you can visit a convenient location near you to pick up your cash.  All you need to do is bring the following documents:

• Current copy of your paid off car title
• State Issued ID
• Utility bill with current residence on it
• Most recent pay stub
• Certificate of Car Insurance
• Two Personal References