23 Jun 2017   /   0 comments

Do Title Loans Check Credit?

Paul

pexels-photo-94654Here, at TFC Title Loans, we often get asked the question do title loans check credit. And that is a very good question to ask as so many folks who are interested in title loans are worried about their credit score. We get this question from customers so often that we decided that an informational article would be helpful so we can ease our customers minds and make the entire process easier for them. Having a poor credit score can have a big impact on a person’s financial standing especially when it comes to getting loans so if you are considering a loan, it is normal to be worried about whether the lender will be judging you according to your credit score.

We have been in the lending industry for nearly 25 years and have acquired tons of knowledge and experience over that long period of time. Therefore, we believe that it is our responsibility to pass on that knowledge to our customers and to all the individuals who want more information before making a commitment. Financial decisions are particularly weighty and everyone deserves to have all the necessary information before they actually make a decision. It is for this reason that we have been gradually expanding our website to include all these informational resource pages so that we might provide excellent consumer education and lender transparency to our customers.

Ever since we first came onto the scene in 1994, we have helped thousands upon thousands of customers obtain title loans regardless of what their credit score is at the time of applying. We are dedicated to not judging our customers based on a single number. In this informational article, we will be answering whether or not we do check your credit score and if we do then why we do. If you are interested in learning a little more about this subject, then please continue reading but if you are interested in obtaining a title loan right away then fill out our online application now!

 

Get a Title Loan Regardless of Credit Score

Title loans are known for their accessibility for individuals who have not-so-perfect credit histories. And this is very true. Individuals can be approved for title loans regardless of their credit score because a title loan is a type of secured loan that uses the customer’s vehicle as a kind of collateral for the loan. The determining factors for a title loan application are the trade-in value of the applicant’s car and their ability to repay the loan rather than the approval being solely based on credit score. This wider criterion allows us, at TFC, to help more people find the emergency funding they need.

 

Does TFC Title Loans Check Your Credit Score?

Even though you can be approved for a title loan through TFC regardless of what your credit score is or what your credit report says, we still do end up checking your credit score during the application and approval process. We only do this in order to make sure that you are not in active bankruptcy and are not currently undergoing credit counseling. This should not worry you because we do not judge on past bankruptcies nor previous credit counseling. We only care if the bankruptcy is currently active or if your credit counseling has not been completed. We strongly believe in second chances.

 

Get Your Title Loan with TFC Title Loans

TFC Title Loans is the best possible choice you could make for your emergency funding. There are amazing benefits that will be available to you if you choose TFC Title Loans for your title loan needs. Some of these great benefits include:

  • Locations scattered all across California, New Mexico, and Arizona
  • Competitive interest rates nation wide
  • Most money for your vehicle
  • Keep driving your car during the life of the loan
  • Customized loan terms for each customer’s unique situation
  • Get your money as fast as the next business day
  • Absolutely no prepayment penalties

If you are interested in obtaining a title loan with these awesome perks through TFC Title Loans, then fill out our quick and convenient online application today. If you have any more questions for us then give us a call at our toll free number, we would be happy to answer them.

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