If you need to raise money fast and own your car in full, then consider a car title loan from Car Capital Financial. We deliver title loans fast to Southern California residents, often on the same day of request and in many cases as fast as 30 minutes. We don’t check your credit, making us one of the most reliable and fast no credit check title loan companies out there.
Call us now at 1-888-500-9887 to get the money you need today!
If you’re interested in getting an auto loan but have bad credit, read our tips on how to score the very best car loan for people with bad credit here:
Getting a Car Loan With Bad Credit
Do you need to buy a new car but have bad credit? Then you may think that getting approved for an auto loan is out of the question. Luckily, this doesn’t have to be the case, as there are many ways you can improve your chances of getting a car loan, even if you have a bad credit score.
While it’s true that getting a car loan if you have bad credit isn’t as easy as for people with average or good credit scores, here are the best ways you can improve your chances of loan approval:
1. Improve Your Credit Score
Car loans for bad credit users are achievable, but to make things easier for yourself you may want to take active steps to boost your credit score before you shop for auto loans. Easy ways to give your score a boost include paying off substantial debts, always paying at least the minimum payment each month and keeping your balance on your card as low as you can. Rebuilding your score may take anywhere from a few months to even a whole year to see major improvement, so you will want to start taking steps to boost your score as soon as you can.
2. Shop Around
Just because one auto loan company turns you down on account of your poor credit score doesn’t mean they all will, so definitely be prepared to shop around and apply to multiple companies. This will increase your odds of approval and also allow you to see exactly what’s out there. You may also want to do a little research online to see which companies are more likely to approve auto loans for bad credit holders. In addition, there are some companies that specialize in awarding bad credit car loans, but they do typically tend to charge much higher interest rates.
3. Bring Someone With You
When you’re shopping for auto loans in person, auto loan employees can easily try to intimidate you and not offer you the best deal based on your bad credit score. However, if you bring someone along with you, whether it’s your partner or friend, this might make negotiating a good deal a little easier and less intimidating. Try to find someone that has experience with negotiating auto loan terms and conditions, and ask them if they can help you for the day.
4. Explain Why You Have a Bad Credit Score
If your bad credit score isn’t a long term thing, and rather due to an unexpected emergency, such as a high medical bill, then explain it to the auto loan dealer. Bring any past credit reports that show your score was good before this occurred. Also list any actions you are taking to improve your credit score. Owning responsibility and demonstrating how you’re working toward boosting your score should impress auto loan dealers, which could very much work in your favor.
5. Consider Refinancing Later On
If you accept a car loan but it has high interest rates because of your bad credit, consider refinancing in a year or two. Once you’ve rebuilt your credit score you’ll likely be able to refinance your loan at a much lower interest rate, making for lower loan payments each month. Therefore, your high interest car loan will only be temporarily, and eventually you will be able to score yourself a much better deal.
Bad Credit is OK Auto Title Loans
There are two main type of car loans out there – auto loans (such as the one described above) and car title loans.
At Car Capital Financial, we specialize in awarding title loans to people from all over Southern California. If you own your car in full (or have almost paid if off) and it has a wholesale value of at least $5000, then you very likely qualify for one of our title loans.
Our title loans work by us awarding you with an amount based on the value of your car (typically in the range of many thousands of dollars) in exchange for us taking temporary ownership of your car’s title (the “pink slip”). You will then have up to 3 years to gradually pay back your loan to us in installments, during which you’re free to drive and use your vehicle as much and however you want.
We don’t do a credit check, so good or bad credit, you may still get a loan from us! Title loans are issued based on your ability to repay the loan.
To get your loan today, call us now at 1-888-500-9887!