Car Title Loans are one of the fastest and easiest loans to get; both approved for and funded. The reason: No credit check is required for title loans. Your car is your credit. Title loans are secured by your car so no credit is needed. If you are new to car title loans it is worth learning how car title loans work before proceeding with one.
No Credit Check Title Loans – Can I get a Title Loan with Bad Credit? A car title loan is a short term loan secured by the vehicle. One of the advantages of a title loan is that your vehicle is your credit. Most title lenders do not require a credit check (Fast Title Lenders does not). This means you can qualify for a title loan with any credit. So yes, you can get a no credit check title loan with bad credit.
Title Loan Credit Requirements
As stated, most title loans do not require a credit check. This means the lender does not look at your credit report and you can qualify for a title loan with any credit. This includes:
- Bad credit
- No credit
- Ok credit
- Any credit
Some borrowers have a recent negative incident on their credit report that precludes them from other forms of financing. With a title loan, this does not matter. The vehicle is used to secure the loan so the risk of missing payments is mitigated by the secured interest in the vehicle. What this means is, the lender is willing to overlook the negative incident in the credit report because a default on the title loan the lender can repossess and sell the vehicle to cover the cost of the loan.
Bad Credit Car Title Loans
With no credit check, bad credit title loans are easy to get. Your car is your credit.
Reasons for wanting a No Credit check Car Title Loan
Different borrowers have different reasons for wanting a title loan with no credit check. These reasons include:
- No hard inquiry – Some borrowers do not want a hard inquiry on their credit report. Hard inquiries remain on your report for up to two years, so minimizing them helps increase your credit score.
- Low credit score – Some borrowers have a low credit score which may have caused other loans to be denied. It is understandable that they do not want this to be the case with a title loan. The good news is lenders like us do not check credit.
- Privacy – Other borrowers prefer the privacy that comes with not having a credit check.
How do I get a No credit check Title Loan?
Getting a title loan is an easy process. Getting a bad credit title loan is the same as any other title loan since there is no credit check. Because there is no credit check, the lender will not know what your credit score is. This means they should treat you the same regardless of your credit history and credit score. To start the process, simply choose the best title loan company and submit an application. Choosing the title lender is the single most important part of getting a title loan.
The Best Deal on a No Credit Check Title Loan
Just because your credit isn’t perfect doesn’t mean you should overpay for a title loan. In fact, because the lender does not look at your credit you should get the same interest rate as everyone else. This is how we operate at Fast Title Lenders. We treat all customers the same and give the same low rate. Our reputation is important to us which is why we are on of the reputable title loan companies in the industry. Our rate is a fraction of most lenders. Use our Title Loan Calculator to find out your low payment today.
Why is the Lender so Important?
Some Title loans, and more specifically, title lenders, have a bad reputation for good reason. Many lenders, including some of the largest lenders, treat their customers poorly, charge very high rates, and do not have good customer service departments. This can leave customers with higher than expected bills, excessive fees they were unaware of, and uncorrected issues. In some cases this can be the wrong repossessed car, a missing title, and no person to fix the problem. To find out how a lender treats their customers, read some of the complaints from the Better Business Bureau and Ripoff Report. These are more accurate representations than other online reviews. We discuss this in detail in our complete guide on how to get a title loan.
Another way to find out how a lender operates is to read some of the lender’s posts online. In 2016, Google severely restricting advertising by title lenders online. This led to an increase in Search Engine Optimization by some of the lenders with the lowest reputations. If you read one of their posts and it makes no sense, they are probably not the best choice.
Choosing the Best Lender – Using Post Examples
For example, ‘Title Loans Near Me’ is a highly searched term. Lenders with poor reputations will post incoherent articles that overuse the phrase. For example, one such lender actually used the following in an article:
” ‘Car title loan near me open today’ can help you get quick cash now. … Use your car title as collateral for ‘auto equity loans near me open today!’ … Credit history does not determine approval of your ‘car title loan near me open today.’ “.
We are not making this up; it is a real post and it shows up in search results. Even worse, this is just a small excerpt. The actual article is much longer and filled with unreadable content. This does not provide a benefit to their customers and is only used to get around search engines.
If you read a post like this we advise caution. If the lender is willing to cut corners and put their name on nonsense like this that makes zero sense to read; you have to wonder what else they are willing cut corners on. Remember the lender can repossess your car if you default on a title loan; and worse if the lender has your loan as defaulted even though you may think your loan is in good standing.
If the lender is willing to post nonsense as information what else are they willing to do? Some lenders with poor reputation employ the following tactics:
- Charging very high interest rates
- Not disclosing all fees and costs
- Making loan agreements difficult to understand
- Aggressively collecting payments
- Making loans that are difficult to repay
- Repossessing cars with small balances
Finding a transparent, honest lender is the key to making sure your title loan is affordable and you do not lose your car. Spend some time, read about others experiences with the lenders, and make your decision.
No Credit Check Title Loan Payments
Regardless of your credit situation, making your title loan payments on time should be a priority. Your vehicle is collateral for the title loan. This means missed payments may lead to losing your vehicle. This means you will want to make sure you can afford at least the minimum monthly payment. Use our title loan calculator to find out different monthly payments for different loan amounts, interest rates, and terms.
Getting a no credit check Title Loan – Next Steps
Moving forward with a no credit check title loan is easy. Simply find a lender that doesn’t check your credit and apply. Most lenders allow you to apply online so you should be able to do this quickly without leaving your home. To find out more about how to get a title loan and other information related to how title loans work visit us. At Fast Title Lenders we try to provide real, factual, actionable information that helps our customers make the best choice about a title loan. This includes a detailed explanation about how title loan interest works; which is essential to understand before entering into one.
No Credit Check Online Title Loans
For car title loans online with no credit check the process begins the same way; with an online title loan application. The application only takes a few minutes to complete and can be approved within minutes. You can qualify for an online title loan with no credit check with good credit, bad credit, or no credit.
A no credit check title loan, in most cases, is simply a title loan. This assumes the lender does not check your credit. Fast Title Lenders does not check credit, so customers with bad or no credit are treated the same as all customers. This includes Online Title Loans no Credit Check. If you’re interested in learning more about our title loans simply visit our site our feel free to get a title loan quote at any time.