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23 Apr 2019   /   0 comments

How To Get A Car Title Loans With Bad Credit?

David P
car title loans with bad credit

Getting most loans must be difficult if you are plagued with bad credit. However, this is not the case with a car title loan. We have put together some FAQs concerning bad credit and car title loans which will be very useful to you, but for more information, head over to our TFC title loans website to have a look at our guide.

 

If I have bad credit, can I still get a car title loan?

Yes, you can, but this depends on other factors not just your credit history. Most lenders will have a look at the vehicle with which you want to borrow. Ultimately if your vehicle does not qualify as collateral, you cannot get a vehicle title loan no matter what your credit history says.

 

How much money can I borrow?

In the state of California, as an adult, you cannot borrow less than $2,500 for a car title loan. However, if your car is worth more than this amount, then you can borrow more than this. It all depends on the equity of your car which is determined by its make, model and mileage. Unless your vehicle runs on diesel, your mileage should be under 200,000.

 

Is there any additional information that will be required from me?

Yes, there is. You will need to pull out your credit history, your monthly income (which will be verified), and finally your personal and professional references.

 

Can I still apply if I have an existing lien on my car?

This depends on who your lender is, how much your car is worth alongside how long you’ve used it. To find out more about this, kindly visit this article.

 

Is the vehicle collateral loan industry regulated?

Yes of course. This industry has rules that are stipulated by the Department of Business Oversight in California. One of the rules is that loans above $2,500 have no cap interest rates.

 

How do I start?

Once you have qualified for an auto title loan, you can get started through our website or by calling our toll free lines. Our representatives will be on the other end answering any questions you may have as well as offering guidance to you as you make this decision. You can fill out our vehicle title loans application form both online and offline.

Our services are impeccable, our process is swift, hassle-free and transparent. Our loans go directly from us to you and our rates are friendly. Feel free to give us a call to get your monetary problems in your past.

Frequently Asked Questions
Are title loans good for emergency money?

Title loans are great for making money in a hurry because you get money quickly and keep your car. No company can match TFC Title Loans when it comes to low interest rate fast cash for any situation.

Do car title loans work the same as home title loans?

Yes, both title loans are given based on the value of the owned property.

Can I get a second car using a title loan?

Absolutely. The key is using the first car's title to put a down payment on your next vehicle. You can build a car collection quickly using this strategy. If you have any questions about which new or classic cars to buy, ask TFC Car Title Loans.

How Much Cash Can i Get?

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