If you have bad credit and need fast cash, you may feel like getting approved for a loan is impossible. However, title loans for bad credit offer a quick and accessible way to secure money without a high credit score.
With Delaware Title Loans, Inc., you can get up to $15,000 based on the value of your car—without worrying about your credit history!
In this guide, we’ll explore 5 key benefits of title loans for bad credit borrowers and how you can get one today.
What Are The Benefits Of Title Loans For Bad Credit Borrowers?
People with bad credit have several loan options, including title loans. Here are the unique benefits that title loans can offer bad credit borrowers:
1. Accessibility
The first and most crucial benefit that title loans can offer bad credit borrowers is accessibility. For starters, borrowers can qualify for one of these loans regardless of whether their credit is good or bad. Of course, that’s as long as they meet the short list of title loan requirements.
On top of that, borrowers can start the process anytime just by submitting the online form. That form is available on this website 24/7 and only requires basic information like your name, contact number, and ZIP code, among others.
2. Helpful Sums
Title loans are also beneficial because they enable bad credit borrowers to get helpful sums of money. You can qualify for amounts between $300 to $15,000, depending on how much your car is worth.
A friendly representative will inspect the vehicle’s condition and refer to a nationally recognized price guide. Then, they’ll assess how much the car is worth and, by extension, how much you qualify to borrow. The vehicle stays with you even if you’re approved, as the lien-free title serves as collateral for the borrowed money.
3. Few Requirements
At this point, you’ve seen that title loans are highly accessible to bad credit borrowers, and they offer helpful sums or quick money. However, another crucial benefit is they only have a few requirements.
Instead of jumping through many hoops, borrowers only need to provide a few required items to get the loan they need. That can be especially helpful in an emergency when you don’t have much time or energy to try and get a loan.
4. Friendly Support
Borrowing money can be stressful for many people. That’s especially true when they’re concerned about their less-than-perfect credit or if they’re unfamiliar with the process.
That’s not a problem with title loans offering plenty of customer support. You’ll work closely with a representative who will guide you every step of the way.
They will be more than happy to answer any questions or address your concerns. That way, you can continue to get a title loan with total peace of mind!
5. Fast Processing
Lastly, a crucial benefit of title loans for bad credit borrowers is the fast processing times involved. Earlier, you read that a car inspection is part of getting a title loan. That in-person part of the process can take as little as 30 minutes.
Aside from inspecting your car, the representative will also use that time to verify your documents and help you complete the process. Then, if you’re approved, the disbursement process is also fast. You could get your money as soon as the same day or by the next business day.
The precise time you get paid depends on when you completed the process and got approved. These fast processing times could be helpful for borrowers, especially those who need the money quickly to cover urgent costs.
How To Get A Title Loan For Bad Credit In Delaware
You don’t have to worry about having perfect credit to get a title loan. However, you do need to meet these few requirements:
- Minimum age: First, you must be at least 18 to start the process.
- Identification: You must also provide a driver’s license or a state-issued ID.
- Vehicle Title: The title to your car is necessary as collateral. That title must be registered in your name and lien-free, free from any outstanding loans or judgments against the vehicle.
- Car for inspection: Despite using the title as collateral, you still need to bring the car in for a quick inspection. You’ll get to keep the vehicle afterward.
Once you meet these requirements, you can begin by submitting the online form with your information. That will kickstart the process and bring you closer to getting a title loan!
Take The First Step Now For Your Title Loan!
Bad credit borrowers in Delaware don’t have to worry when they need money because they can get a title loan from Delaware Title Loans, Inc. Just meet the short list of requirements and start anytime by submitting the online form.
Then, keep your phone nearby. A representative will call you soon after to guide you through the rest of the process!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
