title loans for bad credit

Bad Credit, No Problem: How Title Loans Can Help

People often assume that they can’t borrow money due to bad credit, but that’s not the case with title loans from Carolina Title Loans, Inc. Having perfect credit isn’t a requirement, so you can find out if you qualify regardless of whether your credit is good or bad, or even nonexistent. Follow our guide to understand how title loans can help you when you need fast cash, no matter what your credit might look like.

Can You Get A Title Loan With Bad Credit?

First and foremost, it’s crucial to clear up a common misunderstanding about your credit score and how it affects your ability to qualify for a title loan. For many other kinds of loans, your credit score plays a crucial role in whether you can qualify. The credit score also affects how much you could potentially borrow.

You must understand that’s not the case regarding title loans. Simply put, you do not need perfect credit to qualify for a title loan. Instead, you can qualify regardless of whether you have good, bad, or even non-existent credit.

Your ability to get the loan, as well as the amount of money you could borrow, will depend on several other factors. For example, your car’s value will help determine how much money you can borrow. Your ability to repay the loan will also affect whether or not you get approved.

Unfortunately, some borrowers mistakenly assume that their credit will automatically disqualify them from qualifying. As a result, they miss out on the many benefits that title loans could potentially offer them. The only thing you should be focusing on is fulfilling the relaxed requirements to get a title loan, none of which have anything to do with your credit history at all.

bad credit title loan

How Do You Qualify To Get A Title Loan?

Even though you don’t need perfect credit to qualify for a title loan, there are a few other requirements that you must fulfill to proceed with your simple title loan process. Here’s what you need to qualify for a title loan:

  • Valid identification: Firstly, you must be able to provide valid identification to apply. Your driver’s license will do just fine for this purpose, but you can also use another state-issued ID in its place.
  • Clear title: Naturally, you’ll need your car title to get a title loan. Remember that the title must be ‘clear’ or lien-free and registered in your name. In other words, you must own the vehicle outright.
  • Vehicle for inspection: You can keep your car when you get a title loan. However, you must bring the car in for an inspection during the application process. Don’t worry, though; the inspection will only take a few moments.

As you can see, none of these requirements have anything at all to do with your credit score. Instead, you only need your ID, title, and car to complete your process!

What’s The Process To Get A Title Loan?

Now that you understand that you can qualify for a title loan with good or bad credit and just a few items, it’s time to learn what the process will look like. The process itself is incredibly straightforward and only involves these steps:

Step 1: Submit The Online Form

You can take the first step at any time just by submitting the online form with your information. The required details will include your name, number, ZIP code, and a few details about your car. The good thing about this step is that you can do it right from the comfort of your mobile device, no matter the time of day.

Step 2: Talk To A Representative

Soon after you submit the form, a representative will call the number you provided. They’ll talk to you about the title loan and ensure that you have all the required items prepared. Then, they’ll set a time and place to meet in person so they can help finalize the title loan process.

Step 3: Finalize The Title Loan Process

Bring the required items to your meeting with the loan representative. They’ll take a few moments to verify your documents before performing an inspection on your vehicle.

The inspection is necessary to determine how much you qualify to borrow. Then, they’ll help you finalize the process with some simple paperwork and let you know if you’re approved and, if so, how much money you can get.

Step 4: Get Your Money

Lastly, wait to get your money! If you’re approved, the money can be yours on the same day or by the next business day.

title loans for all credit types

Get Quick Cash Now!

Your bad credit won’t stop you from getting quick cash with help from Carolina Title Loans, Inc.! You can complete an online form for title loans with just your driver’s license, a lien-free car title, and a vehicle for a quick inspection. Get the ball rolling on the title loan process by submitting the online form 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.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.