Are you in desperate need of money but have bad credit? Then call Car Capital Financial at 1-888-500-9887 to get a car title loan today!

Bad Credit Personal Loans

If you have bad credit you may think you’ll never get approved for any kind of loan. Luckily, that’s not the case, as there are many personal loans for bad credit out there – if you just know where to look.

Whether your credit score is below average or plain awful, there are many different types of lenders who would still be willing to offer you money. Here are four of the most popular forms of personal loans available for people with bad credit scores.

1. Neighborhood Loans

You’ve probably driven past neighborhood loan offices in your town many times, often advertising “payday advance here” in neon lights or similar phrases. Neighborhood loans work by awarding you with the value of your next paycheck in exchange for hefty fees and the ridiculous demand that your loan be repaid in full by the time of your next paycheck.

Typically, neighborhood loan companies don’t require a credit check or a good credit score, so you be able to get a neighborhood loan approved even if your credit score is atrocious. If you’re absolutely desperate for money, then a neighborhood loan can serve the purpose of getting you fast cash, but it’s also important to note that there are many dangers associated with them. Many neighborhood loans include hidden fees, high interest rates and a very short window to repay them.

2. Title Loans

If you own your car in full or only have a few remaining payments, then you qualify for a car title loan from Car Capital Financial. We’re a Southern California based title loans company who regularly provides loans on the same day of request, and we don’t require a credit check. Even if you had a bad credit score, you can still get a loan from us as soon as today! A title loan awards you cash based on the value of your car in exchange for taking temporary ownership of your car’s title (pink slip). Once you’ve repaid your loan off in full (you will have 3 years to do so) your title will be returned straight back into your name. If you need cash now and own a car, title loans are a great option for getting a no credit check loan.

3. Online Loans

Many online loan companies don’t even look at your credit score, so you don’t have to worry even if yours is terrible. Companies regularly lend personal loans to customers online, within a matter of minutes, but these loans are typically only for small amounts, in the hundreds of dollars range. If you only need to borrow a small amount of cash, online loans may seem appealing, but it’s also important to remember that many online loan companies make their profits by charging huge interest rates and various other hidden fees. If you don’t have any other options, then you may have to rely on getting a personal loan online, but if others are available, then seek them out first.

4. Borrowing from a Friend or Family Member

If you don’t want to go through the formalities required by a regular loan, then you may want to consider asking a friend or family member to lend you some cash. Of course, there’s no guarantee of approval, but it might be worth asking if you get turned down from other sources. And if you do manage to get a loan from a family member or a friend, make sure you know the terms and conditions up front (such as what interest you’ll be charged) in order to avoid any confusion or misunderstandings when it comes to paying it back.

Car Capital Financial

Just because you have bad credit doesn’t mean you can’t get a loan. Car Capital Financial doesn’t care about your credit score, as long as you’ve got a car worth more than $5,000 wholesale value and you are able to repay the loan, we can help you get the money you need today.

In fact, we can get you the money you want as fast as 30 minutes from receiving your call! If you’re a Southern California resident and need cash now, call us straight away at 1-888-500-9887 to get your cash today!

If you have poor credit, you may think that a car loan is out of your reach, but all that has changed in 2013. While it is true that many lending companies shy away from approving car loans for people with bad credit, there are other companies more than willing to provide you with a loan, no matter how bad your credit score is.

There are two main options for getting a car loan with poor credit: regular car loans (loans taken out to purchase a new or used car) and car title loans (which is using your car’s title as collateral to secure a loan for other purposes).

If you’re looking to raise funds for any reason, and are in need of a car title loan, then contact Car Capital Financial today. We’ve provided safe, reliable and affordable car title loans to California residents for over 15 years, and we’re ready to help you right now. Call us at 1-888-500-9887 for details.

Alternatively, read on to discover the differences between these two types of loans and find out how you can apply for each of them:

Car Loans for People with Poor Credit

Virtually everyone who buys a car has to rely on a car loan to finance the high price tag. And although many companies won’t lend to people with poor credit scores, there are others who are more than willing to provide poor credit car loans.

During the recession years (especially 2007 to 2010), many car loan companies shut out poor credit borrowers because the risk of lending to them was deemed to be too high, but in 2012 and now 2013, it appears to have become much easier to get a car loan with poor credit.

In fact, in 2012 the average credit score required for a new car loan fell by six points (to 760) while the score for a used vehicle loan fell four points (to 659).

While these are still far from poor credit score range, the dropping average credit score signals that lenders are more willing to provide credit to those with lower credit ratings and that 2013 could prove to be a year with far easier access to liquidity.

Maximizing Your Chances

Here are some simple ways you can boost your chances of being awarded a car loan if you have a poor credit score:

• Explain Your Situation – When you first initiate talks with a car loan company, be open about your credit score and explain how it got to such a low rating. Perhaps it is due to just one major unforeseen financial emergency, like an unexpected medical problem, or perhaps it was something you knew you had to do to turn your finances around, like declare bankruptcy, allow a car to be repossessed, or even let your home mortgage slip into foreclosure status. Whatever the reason, explaining the situation to the loan company may let them be more lenient in both approving you for a loan and offering you a more reasonable interest rate. Not saying anything will lead them to assume the worst, and could shut you out from access to liquidity.
• Shop Around – If you need a car loan but have poor credit, you will definitely want to shop around in order to secure the most reasonable interest rate and best possible loan terms and conditions. Some lenders will try to rip you off with exuberantly high interest rates, knowing that you are less likely to look for competing offers since you’ll have a harder time of getting approved, but other lenders may be much more open to offering you similar conditions and interest rates to those that they provide to borrowers with good credit scores. Let’s face it, a lot of us have gone through some troubling financing experiences in the past couple years, and if anyone is aware of that fact, it’s definitely the lenders. Get in touch with at least three or four car loan companies before you sign the final deal, as this is the only way to be sure that you’re securing the best possible deal for yourself.
• Try to Boost Your Credit Score – The best way to get a decent car loan if you have bad credit is to try and boost your credit score as much as possible before you begin to shop around for a loan. Even if you can only boost it up a couple of points, this could potentially make a world of difference. Look at exactly why you got such a poor credit score rating in the first place, and try to correct this if you can. Perhaps there’s a massive medical bill you need to pay off or a student loan payment that’s past due. Whatever it is, contact the credit bureau and your creditors to see if you can work out a restructured payment plan with them so that you can get things in order and avoid any future dings. If you can get your previous liabilities sorted out and begin to keep up with their monthly installment payments, you should see your credit score begin to improve, which in turn should then allow you to get a better deal on your car loan.

If you want to buy a new or used car, getting a car loan is likely your best financing option, and the above tips should be able to help you secure a loan regardless of your credit score problems.

However, if you have a bad credit score and need a loan, but aren’t necessarily looking to use it to purchase a car, then you may want to consider getting a car title loan, which allows you to borrow money that you can use for any sort of expense.

Car Title Loans

If you typed “car loans with poor credit” into Google, it’s likely that you encountered a variety of lenders providing new or used car loans to people with poor credit, but you probably also saw a slew of car title loan companies as well. Car title loan lenders offer something slightly different, but every bit as effective as traditional lenders.

Car title loans let you raise money for any purchase or expense by using the collateral value of your car, without having to actually sell or pawn it off. Title loans use the equity of your car’s title (also referred to as a “pink slip”) as collateral to get you a secured personal loan, and they are extremely popular with people who have poor credit scores, since they often don’t require any sort of credit check.

The way it works is that a title loan company takes your car’s title in their name in exchange for providing you with a cash loan based on the value of your car. They’ll offer you lending terms and conditions like a traditional lender, with a set interest rate, monthly payment schedule and a total term length that you have to repay the loan in full, and will then return the title to your name once you’ve fully paid off your loan.

One of the benefits to taking out a car title loan is that some lenders will allow you to drive your car as much as you want while you make loan repayments, so you don’t have to lose the freedom of driving and using your car in any way.

Another key benefit is that title loans are one of the only safe forms of no credit loans in existence. Unlike neighborhood loans and cash advances, they aren’t structured to keep you in debt forever, but are actually meant to be paid off.

Even if you have an absolutely  terribly credit score, it won’t affect your chances of getting approved for a car title loan, and in some cases, it may not even affect the terms and conditions of your loan.  Title loans are issued based on your ability to repay the loan.

About Car Capital Financial

If you are interested in a car title loan, contact Car Capital Financial today. We are a leading Southern California title loans company with over 15 years in the business, and we’ve helped thousands of people just like you get access to the cash they need.

Your poor credit score won’t affect you ability to get a loan from us, it won’t change the terms and conditions with your loan in any way whatsoever, and we can provide you with the funds you want in as little as 30 minutes from receiving your phone call.

If you need money fast, look no further than Car Capital Financial. Call us now at 1-888-500-9887 to get your cash today!

If you have poor credit, you may think that it’s impossible to qualify for a loan without first making improvements to credit score, but that’s simply not the case!

What Are My Options?

You might be surprised to find out that there are tons of available loans for people with poor credit, no matter how bad their credit score might be. Even people who have declared bankruptcy, had their home foreclosed on or had vehicles repossessed can get loans.

If you’ve got terrible credit, but need a loan, don’t worry, because Car Capital Financial could get you the cash you need in just a matter of minutes. Call us now at 1-888-500-9887 to find out how we can help!

Poor Credit Loans:

Title Loans

If you have a dismal credit score, the chances are that you will struggle to get a conventional loan, like one from a bank. You can save yourself the humiliation of asking friends and family for help by taking out a cash for title loan on any vehicle that you’ve paid off entirely, or nearly paid off, and you can get that money today from Car Capital Financial.

Our car title loans are safe, reliable and best of all – they’re affordable. We do not require credit checks, down payments or even that you leave your vehicle with us while you make loan repayments. In fact, all you need to get a poor credit title loan from us today is to call us right now at 1-888-500-9887.  Title loans are issued based on your ability to repay the loan.

You can use the equity you’ve built up in your car as collateral to get a secured personal loan directly from us, which you’ll have the luxury of repaying over a period of 36 months. And best of all, unlike neighborhood loans and other forms of quick cash schemes, we won’t require that you pay off the full loan by the time you receive your next pay check.

Credit Unions

Credit unions are easier to get loans from than traditional banks, but depending on how bad your credit is, they may or may not be willing to lend to you. Credit unions may be willing to offer small loans for people with poor credit, but if you need a large amount of money, then you may not be able to get that funding here.

Credit unions are typically more willing to lend than traditional banks because they’re nonprofit organizations that assess potential borrowers on a more personal basis than traditional banks (who see you as little more than a credit score). Credit unions are more willing to analyze your current employment situation, including your current salary, review your personal credit history, and then make a more educated decision on whether or not you qualify for a loan.

Advantages to going through a credit union are that they are one of the cheapest poor credit lenders around, with low interest rates and easy repayment schedule, but the main disadvantage is that they likely won’t fund you if you need a lot of money, or if your credit is truly terrible. It’s worth a shot though!

Friends & Family

Most people attempt to avoid taking out loans from their friends and family at all cost, but people who need loans for poor credit scores should at least ask those they know for assistance. If you take this route, make sure to be honest about your financial affairs, reaching out only to those who you think might really be willing to hep.

You may be surprised at how generous your friends and family can be, especially after they know that you’ve having a particularly hard time getting your finances in order. Be cautious about borrowing money from them because it could lead to problems further down the line, especially if you think you’ll have any trouble paying the loan back.

Do not take out a loan from your friends or family if you aren’t absolutely certain that you’ll be able to pay it back, as this is the fastest way to completely ruin an otherwise great relationship! However, even though you may have never thought of your friends and family as poor credit loan lenders before,now that you’ve got your back up against the wall don’t be ashamed to reach out to ask them for help.

Neighborhood Loans

This is one form of lending that exists specifically to provide loans for people with poor credit scores, and who serves basically no other population, and for one simple reason: no one who can get money from another source would visit a neighborhood loan lender! Neighborhood loans are available in every major town or city across America, and it’s likely that you’ve got a neighborhood loans lender within just a few miles of your house.

Payday loan centers specialize in offering loans for poor credit scores, but the problem is that they cost entirely too much and can often lead to serious financial hardship down the line. Neighborhood loans typically require that the entire amount lended be paid back by the time borrower’s receive their next paycheck, which makes it virtually impossible for borrowers to live up to their contract, and which causes their interest rates to rise.

Since neighborhood loans typically start out with some of the highest interest rates in the entire lending industry, including among those lenders who specialize in offering loans with poor credit, the added interest increase can make a neighborhood loan virtually impossible to pay back. Not only is the interest expensive, but there are typically also other hidden costs, like prepayment penalties, hidden fees and other tricks to keep you from ever being able to pay back your loan in full.

Neighborhood loans are so dangerous that a variety of states have even outlawed them entirely in an effort to protect their citizens from this shady form of lending, so even if you need money now, be sure to check out all other available options before hitting up the neighborhood loans center down the street. You’ll need to be exceptionally careful to make sure that you don’t permanently ruin your finances!

Online Loans

Google searches reveal a plethora of online lenders willing to provide loans for people with poor credit scores, but are these companies trustworthy? In many cases, not at all! Most of these sites operate similar to neighborhood loan officers, demanding nearly immediately repayment of their loans, along with excessively high interest rates and other fees that make getting money from them prohibitively expensive.

Along with those risks comes the fact that tons of online lending websites are simply scams, set up by people in foreign countries attempting to steal your personal information for identity theft purchases. Be careful about who you give information to, as you could soon find yourself with unwanted new sources of credit, including fake credit cards, car loans, and other loans or sources of funds that you never received, but will be responsible for paying back!

About Car Capital Financial

Getting a loan from a reliable source can be a major challenge if you have a poor credit score, but we can make that easy for you. We’ve provided loans for people with poor credit for over 15 years, and we can help you right now!

Call now to schedule a meeting at one of our many Southern California locations, where we’ll assess the value of your car and offer you the cash you want on the spot. We can get you the money you need in as little as 30 minutes of receiving your phone call, but we can’t do anything until we hear from you.

Call 1-888-500-9887 to get the financial assistance you need along with the customer service that you deserve!