bad credit loans

What Are My Options For Bad Credit Loans?

Borrowing money is possible even with bad credit, like getting a title loan with help from At Home Title Loans. Before applying, you need to take some time to understand the available loan options you have and what’s suitable for your financial situation.

Check out this article to learn what loan options are out there for you. You’ll also discover how to get money using your car through a title loan and how quickly that can happen. Find out what you can do to get quick cash, even with bad credit!

What Kinds Of Loans Can You Get With Less Than Perfect Credit?

First, it’s important to remember that having bad credit isn’t the end of the world. There are still plenty of finance options that you can access when you need to borrow money.

Two types of loans are available in this situation: secured and unsecured.

Here’s what sets them apart:

need options for bad credit loan

Secured Loans

A secured loan requires collateral as a requirement to qualify. That collateral can be different assets the lender will hold until you repay your loan in full.

A typical asset people use as collateral to secure one of these loans is a car they own.

Besides the collateral, you’ll also need to provide a few required items to start the process.

Unsecured Loans

People with bad credit can also get unsecured loans. As you might’ve guessed, those are the kind that don’t require you to put an asset up as collateral.

Instead, the lender will evaluate your situation carefully to determine whether or not you qualify for a loan and, if so, how much you can borrow.

Like all loans, you’ll have to provide a set of required documents to get the loan.

Can You Use Your Car To Get A Bad Credit Loan?

Yes, you can use your car as collateral to get a bad credit loan. A good example is getting a title loan with help from At Home Title Loans.

A title loan is an example of a secured loan, as it uses the car’s title as collateral. With this type of loan, you could qualify for up to as much as $15,000 in quick cash, depending on how much your vehicle is worth.

A representative will assess your vehicle’s value through a quick inspection. They’ll check its physical condition and refer to a nationally recognized pricing guide.

Even if you’re approved, the car stays with you! You can drive it home after the inspection and continue your regular driving habits all while repaying the loan.

What Are The Advantages Of A Title Loan?

A title loan can be a helpful option to consider, thanks to its unique advantages which include:

  • Accessible: As you read earlier, title loans are accessible to borrowers regardless of their credit. That means you have financial options to consider during an emergency, even if your credit is less than perfect.
  • Fast: Title loans have quick processing times. The in-person part of the process, which includes the car inspection, could take as little as 30 minutes to complete. Then, if approved, receive the money you need soon after.
  • Up to $15,000: Not only can you access this loan with bad credit, but you can access as much as $15,000. That amount could help you cover some or all of the costs to overcome your financial hurdle.
  • Keep your car: Last, you get to keep your vehicle even if approved. That means you can commute to work and drive around as usual without any disruptions.

These advantages offer borrowers plenty of convenience when they need urgent money.

girl excited about bad credit loan

How Do You Get A Title Loan?

Applying for a title loan with bad credit is as easy as 1-2-3. Here are the steps you’ll go through:

Step 1: Get In Touch

Use the secure inquiry form online to provide your basic information. That includes your name, phone number, and ZIP code.

Besides that, you’ll also need to share some information about your car, like its make, model, and year.

Step 2: Meet A Representative

A loan specialist will call you to understand your needs before connecting you to a licensed loan vendor. 

The vendor’s representative will meet you at a convenient time and place to inspect your car and complete the process.

Step 3: Get Paid

If approved, the money will be yours soon after. That can happen as early as the same day of approval or by the next business day.

Get Fast Cash Now!

Having bad credit doesn’t have to stop you from getting the emergency cash you need. That’s especially true with the many secured and unsecured loan options available, like using your car to get a title loan.

Complete the secure inquiry form to connect to a licensed lender with the help of At Home Title Loans! Soon after, a loan specialist will call you to brief you on the requirements and guide you through the rest of the process.

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.