Who are title loans good for?
With a title loan you have the ability to walk away with cash in your pocket and still drive your vehicle away. Automobile title loans can be a great source for some fast cash. If you have bad credit, it’s not a problem! Title loan lenders do not check your credit score and they usually require minimum income verification as well; making this one of the best borrowing solutions for people with bad credit. The repayment terms are usually on a monthly basis and include interest + principle. Some title loan lenders require payment due in full within 30 days. My advice is to not accept a title loan unless you know good and well that you will be able to make the payments. There is nothing worse than being further in debt and not having a car. Establish Credit Some people may frown upon title loans, but they can be very useful. Do you have bad credit? When was the last time you tried to get a credit card and got denied? Once you have bad credit it can be hard to rebuild your credit history i