Have you ever wondered if it’s possible to get a loan with bad credit? – the answer is YES! –

A lot of people in the United States deal with unexpected situations that affect their credit scores. There are many factors that can negatively affect your credit. It could be anything, from accidentally missing a monthly payment to something unforeseen such as unemployment. These personal circumstances can happen to anyone, if you’ve found yourself a similar situation in the past or this is something you are currently experiencing, we encourage you to read on.

Emergencies happen all the time, and we don’t always have the financial resources available to handle these unanticipated events. When you find yourself in those situations people around you will try to suggest different alternatives, such as asking family or friends for a loan, going directly to your bank, or they can even suggest getting a payday loan. In some cases, one of these alternatives might work, but these solutions are usually not quick, come with expensive interests, require background and credit checks, and could potentially put you in a harder financial situation in the future. This is where the title loans come in.

What is a title loan?

Title loans are small, quick, and convenient short-period loans where the lender gives you a cash advance and uses your car as payment collateral. This doesn’t mean the lender takes the car from you. The way title loans work is the lender putts a temporary lien on your vehicle while you pay for the amount you borrowed. As soon as you are finished paying for the loan the lien goes away.

Some of the greatest benefits of getting title loans are:

  1. Easy approval: There are no background or credit score checks required.
  2. Great rates: This really depends on the lender. Local companies like American Acceptance guarantee you will get the most affordable rates.
  3. Quick cash solution: If you need a quick cash advance, you can get title loans ranging from $1,000 to 10,000 dollars. The amount you borrow may depend on the value of your vehicle.

What are the requirements to get a title loan?

There are only a few required documents you will need to begin your title loan approval process.

  1. The title of your own car
  2. Valid identification
  3. Vehicle identification
  4. Proof of insurance
  5. Proof of residence
  6. Proof of income

Title loans are great alternatives for people who need urgent cash. The risk of losing your car due to non-payment is rare. If you work with the right company, they will be able to explain to you the terms of your agreement, and payment penalties. Smaller local lending companies offer great options for title loans and temporary loans. Unlike bigger lending companies, a local company will be able to give you a personalized loan, flexible payment options, a superior customer service, and the attention you deserve.

American Acceptance is a local financial company offering title loans in the Myrtle Beach area. If you are struggling with bad credit, and you need a cash advance we can help you get the best loan, at a manageable and affordable rate. We’ll make the title loan application process fast, friendly, and painless. To learn how to get a loan quickly Contact us today!