BAD CREDIT CAR LOANS AND AUTO TITLE LOANS

Buy Here Pay Here Bad Credit Car Loans 

“For People With Challenged Credit.”

THE GOOD NEWS – The lenders and the auto dealership (usually one-in-the-same) in most cases are happy to give you a loan.

Usually at a “low-low interest rate” to boot, when you {buy|purchase|chose} from their existing inventory of vehicles.

Qualifying For Bad Credit Car Loans To Purchase Is Easy!

If you are buying a car truck or van “you qualify if you have the means to repay” the lender.

Normally a small down payment and a job is what it takes to qualify.

If you default on the payments then the lender can take the vehicle back and resell it.

If you are seeking to purchase a vehicle and have challenged credit its recommended you get 2 or 3 lenders to negotiate with.

Actually in most case the auto dealer is the lender, so negotiate the best interest rate after-all they make money on the car, truck or van your buying!

Be diligent in choosing a good quality vehicle at a low rate of interest. Use the Kelly Blue Book to determine the value.

Good luck and remember you are in the driver’s seat because you can shop and compare.

Auto Title Loan is simply a collateral loan secured by your vehicle.

The title certificate often called pink slip usually the ownership certificate (pink in color) proves you are the rightful owner of the vehicle, which can be used to secure the loan.

When you purchase a vehicle or use a car truck or van for a new loan the lender adds their name on the owner’s title as a lien holder and the certificate is recorded.

When the loan is paid back the lenders name is removed as lien holder.

An auto title loan in short is when you use your vehicle as collateral to raise money for whatever reason.

The lender in this case is not benefiting by selling you an auto but only from the interest & fees you are willing to pay.

With less than stellar credit this type of loan allowing you to tap into the equity of your vehicle. Your vehicle must be paid in full for this to work, meaning free and clear of any old loans.

To Qualify for an Auto Title Loan

Auto Title Loan for Bad Credit exclusively meant for borrowers who have poor credit, as the interest rate is high.

If you have a clear title and steady employment it is likely that you would qualify.

Can I still drive my vehicle? (Do I get to keep my car?)

Yes! You keep your vehicle when you take out an auto title loan. Since you’ll still be in control of the car you’ll still be able to drive it.

In many respects, car title loans are very similar to standard car loan. The biggest differences are car title loans have the following features:

• The loan terms for car title financing will vary according to the lender’s guidelines, loan program and state regulations. Auto title loan terms can be as short as one month or as long as four years, or more.

• Lenders typically do not check your credit only consider the value and condition of the vehicle that is being used to secure the loan, and your means to repay.

• Typical lenders will offer up to half of the car’s resale value, though some will go higher. Most lenders use the Kelley Blue Book to find the resale value of a vehicle.

Because title loans are based on the value of your vehicle they are typically given in greater amounts than payday loans. So if you’re financial struggle adds up to more than $1,000 a title loan could really help.

Most lenders will also require the borrower to have full insurance on the vehicle.

Like most car loans, typical car title financing are usually installment debts with monthly or bi-monthly payments.

 

What You Need to Qualify

Typically, lenders require that borrowers have a valid government issued ID like a driver’s license, proof of income, some form of mail to prove residency, car registration, a lien-free car title in their name, references and car insurance.

However, not all states require that their lenders need proof of auto insurance to secure the loan.

When filling out these applications, they may ask for things like your Vehicle Identification Number (VIN) and insurance policy numbers.

You’ll need to have a government issued photo ID, a free and clean title, 3 references (not family members or relatives) and your Social Security card. You will also need to verify the vehicle’s condition and what the odometer reads (mileage).

But before you take out an auto title loan it’s wise to look at other options first.

These loans are simply high interest debts where the effects can be devastating if you are unable to repay on time. 

Seek out other sources that offer a lower interest rate. You may be placing your vehicle at risk and could be trapped into a vicious cycle of debt. Be sure you can pay off the loan because if you miss a payment, you’ll be missing your car.

If you think an Auto Title Loan is best for your circumstances then here is a link to the best lenders I know.

An installment loan is a loan that is repaid over time with a set number of payments; the length of loan may be as {few|little} as two month to several years.

These types of loans are generally considered to be better alternatives to payday loans.

The term is most strongly associated with debit consolidation.

There are a lot of great lending programs out there, although it’s up to you to find the best one for your needs.

Before you make your decision and choose a secured installment loan, you should always compare lender’s programs to each other, to see who has the best offer for you

Credit Cards usually are lines of credit used for purchasing items and services and bad credit can stop you in your tracks if you apply for a new Visa, MasterCard or American Express.

As we all know, walking around with cash isn’t always a wise decision. Renting cars, flying in airplanes, or checking into hotels is a much easier task if you have a credit card.

Having a credit card is a great thing indeed, and if you don’t have one due to bad credit, you will probably want to get a secured credit-card.

You can have this kind of a credit card by depositing money into a special account and then you have the privilege of using your own money via the credit card system.

If you want a credit-card and have challenged credit simply put “you will need a secured credit-card”. These types of credit cards are quite easy to obtain and you don’t need to worry about having to pay your bill on time as you only spend what have in your account.

So, if a secured credit card fits into your lifestyle in a way that benefits you and then here are some good credit card companies to deal with.

You can find the best choice of credit cards and pre-paid cards at:

       Yes they are “business loans” where you don’t need to provide personal credit or guarantee!   If your business is located in the United States, has been in business for over a year and gross over $100,000 the odds are you can get a business loan.   But before you make your decision and choose this type of loan you should always compare, what each loan program has to offer you. Ones like “Credit Wise” can lend up to a million dollars to any one given business. The security instrument is your account receivables and is fast way to raise cash.   

WARNING BEWARE of Bad Credit Loans that offer Money for People with Bad Credit!

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Simply Put – Don’t be a Dummy!

 Don’t play the fool, if you look like you can be their next victim, you can rest assured you will be… Do your financial homework.

Here are five (5) tips for better financing

First: Check Your Credit Report

Your credit report is one of the most vital factors to consider if you have good or bad credit. Do you know that after seven (7) years many accounts are wiped off your report?

Get the facts first by having your credit report in-hand. Maybe it’s not as bad as you think. You’re entitled by law to a free credit report every 12 months! You can review your financial information from each of the three credit bureaus; TransUnion. Equifax. Experian.

According to the Fair Credit Reporting Act, you can obtain a free credit report at AnnualCreditReport.com Once you have a copy of the report you can improve your rating but that’s another book.

If you do have poor credit, you do not have to settle for the worse possible loan. Bad credit is not something to be ashamed of.

Second: Do Some Loan Comparison

You can do some loan comparing & negotiate the best loan by checking rates and terms to find the right type of lender best for you.

Shop around and try to find the right type of deals that will suit you and your budget.

You may not want to take the first loan offered to you. Do a little-bit of research and compare all the different loan programs to find the right loan program best for you.

A title loan may not be your only solution. You have other lenders with different loan programs available to you. (See recommended lenders).

 JUST MAKE SURE YOU ARE DEALING WITH A REAL LENDER OR LENDER’S BROKERS and not some marketing firm! You will be sorry if you end up submitting personal information to some of those marketing firms! 

Again! You will be sorry if you end up submitting personal information to some of those marketing firms.

 Third: Decide How Much Money To Borrow

You will have to decide from the outset how much money you want to borrow.

Decide how much you can afford to repay each month.

Do not over extend yourself, even if the lender offers you more money above and beyond to what you need. Ensure yourself that you can meet the repayments.

Bottom line how much can you afford to pay back each month?

Forth: Save A Smart Deal Of Money

You could save a smart deal of money on recurring monthly bills by reviewing and shopping around to compare.

For example I was paying $168 month for cable & internet service when I found a new company for $120 for the same service; when the old company found out I was moving my account they gladly met the new rate to keep my business.

I did the same with my phone (I saved over $100 month by switching to a family plan. I did the same with my auto insurance as well.

You can go online and can get a lot of information and resources to make informed financial decisions and savings.

Fifth: Determining Vehicle’s Value (for auto loans)

How much can you borrow?

Usually up to 50% of the “Blue Book” value of the vehicle on auto title loans and up to 100% for auto purchase.

Inputting the make, model, year of manufacture and overall condition of your vehicle into Kelley Blue Book Calculator for vehicle value; www.kbb.com/car-values 

Doing some or all of the above will INSURE you a good start in making the right informative decisions.

 With a little persistence, you can find lenders who are ready willing and able to give you a second chance.

Making The Right Decisions

 Which Loan Is Right For You?

Be responsible, borrow based upon your ability to repay. Review all the terms carefully before accepting a loan offer. Each lender has their own guidelines and policies for granting loans; they also have their own policies regarding what happens if you default on the loan. APR Comparing the Annual Percentage Rate of several different lenders can help you when making a financial decision. Review the applicable laws and regulations governing loan rates and fees in your state: Carefully consider the repayment schedule, fees & interest associated with any loan offered to you. Keep in mind brokers are not the lenders rather an introduction service that match you to lenders that may offer you a wide variety of financial programs based on the information you submit. Please, Borrow Responsibly Your future financial well-being is a priority.

Sincerely,

Keith