Can I Still Qualify for a Title Loan with Bad Credit?
March 5, 2021 | Louis Tully
When applying for a title loan bad credit is not something you need to worry about. It simply won’t influence your chances to get approved. Southwest Title Loans, specifically, will consider you eligible as long as you’re of legal age and own a car (fully and with no outstanding loan against the title).
Needless to say, these recent times have been difficult, especially when it comes to financial matters.
Even those who’ve considered themselves good with money, have had to face the sad reality of shrinking paychecks, depleting savings – and worsening credit scores, when the financial obligations they’d taken on became impossible to handle.
There’s no way around it – sometimes you need to turn to a loan for financial assistance.
But traditional; financial institutions are highly unlikely to consider your case if your credit score is bad. You’ll likely be tied up in a long exhausting bureaucratic process of sending in loads and loads of documents, only to get rejected by the end of it. Not to mention the process might get dragged out for several weeks.
This is where title loans enter the scene.
Common Questions About Getting A Title Loan Bad Credit
How Do I Qualify For A Title Loan If I Have Bad Credit?
You can qualify for a title loan bad credit notwithstanding for a simple reason – Southwest Title Loans won’t be checking your credit history. Not only can you apply and get approved if your credit score is bad, but it can also be nonexistent altogether.
Additionally, Southwest Title Loans won’t report your loan to any credit bureaus, so if you’re worried the title loan might harm your credit further – you need not. It won’t influence your existing credit score in any way
When Should I Apply For A Title Loan?
Getting a title loan bad credit already hanging over your head might feel like a risk – but you must remember that taking on debt can be a smart choice when you weigh all the pros and cons, and establish that the former outweigh the latter.
For title loans, the pros outweigh the cons, when you’re facing a time-sensitive emergency and need money to deal with it ASAP.
Some examples would include overdue rent and utilities (if your paycheck has shrunk due to unpaid leave, or is coming in late), a car breakdown, medical bills, or other problems which could exacerbate and cost you more down the line if you don’t deal with them urgently.
When applying for a title loan bad credit won’t be impeding your chances and that is definitely a plus – but there are other benefits attached, which make a title loan an optimal choice in an emergency.
What Makes A Title Loan An Optimal Option In An Emergency?
Ultimately, what makes title loan an optimal option to deal with an emergency are accessibility and swiftness.
Not only can you apply for a title loan bad credit (or absence of credit score) not being something to worry about, but you can also do so with any type of income (Southwest Title Loan representative you’ll be working with will accommodate any kind of income source you might have), as long as you’re of legal age (at least 18 years old), and the car title you intend to use is in your name and completely lien-free.
How Do I Apply For An Online Title Loan in Arizona?
So now that we established that when applying for a title loan bad credit pays no role – you can go right ahead.
Applying for a title loan at Southwest Title Loans is a simple and straightforward procedure. So simple, in fact, that you can easily start it from the comfort of your own home without having to go to the store.
All you need to do is visit the Southwest Title Loans website and fill out the application form online. Your information will be sent digitally to the nearest store location to get processed – and from there on it’s up to you when you wish to come in and process your loan.
As mentioned above, there are a few requirements you need to fulfill to be eligible for a title loan bad credit notwithstanding.
Namely, you need to provide the loan representative you’ll be working with the following items:
- Your car;
- Your car title – it must be in your name and completely lien-free;
- Your government-issued ID;
- Your employment information.
The loan representative will assess everything and determine if you qualify for the loan (without checking your credit score). If approved – you get the cash the very same day.
This entire process lasts on average between 30 to 40 minutes. That’s how easy it is to get a title loan bad credit notwithstanding.
If you live in Arizona, bad credit doesn’t have to stop you from qualifying for the fast cash title loan you need. Southwest Title Loans can help!