Learning how to get a loan with poor credit can prove helpful when you want to borrow money but worry that traditional banks may refuse to lend you.

That’s why we aim to provide an answer to how to get a loan with poor credit right here by presenting two options that you can find in Delaware, signature installment loans and title loans.

How To Get A Loan With Poor Credit: Answered

How to get a loan with poor credit requires you to learn of alternative borrowing options in Delaware. Although many traditional loans require the lender to check out your credit score, there are certain loan types that welcome individuals with bad credit or no credit, even if a credit check is performed. One such loan is an installment loan. Installment loans are an option for all credit types, including good credit, bad credit, and no credit.

About Delaware Installment Loans

A Delaware installment loan is a short-term loan that takes a loan and allows you to pay it back in a number of installments. What this means is that once you start paying your loan back, you will not have to be able to afford its entire sum in one go. If approved, you can get the loan you need quickly, and you pay it back over time.

Because of the nature of Delaware installment loans, it can be an option for individuals who are short on money right now and need quick access to some funds. If this sounds like a situation you’re in, an installment loan may be a loan type you could consider to see if you qualify.

Installment Loan Amount

Installment loans typically get you up to $1,500. The reason that this loan can be up to this amount is that while it’s an unsecured loan, it can be paid back in several installments. This fact makes the loan payments more proportionate to how much individuals earn per paycheck.

Installment Loans Requirements

Since installment loans do not require a great credit score, they depend on other requirements instead. The specific requirements at Delaware Title Loans, Inc. are simple and easy to collect.

We only require you to have a driver’s license, your most recent pay stub, and a recent bank statement from your active checking account.

If you have these requirements, you may qualify for an installment loan from a local Delaware Title Loans, Inc. storefront in the area.

Installment Loan Processing Time

A Delaware installment loan can be paid out relatively quickly. Delaware Title Loans, Inc.’s in-person process takes about 30 minutes. You’d receive your money on the same day or the following business day.

About Delaware Title Loans

While an installment loan can be an option for people who need money fast and do not have a good credit score, it may not be for everyone. If you need more than $1,500 or do not have an active checking account in your name, you may need to consider other loan types that accept bad credit.

That’s when Delaware title loans may be an option for you. Title loans do not require fantastic credit. They also do not require proof of employment or a checking account.

Title Loans Requirements

Instead, you will only need a driver’s license or state-issued ID, a lien-free title to your vehicle, and your vehicle for inspection.

Title Loan Amount

If you have these three items, you can apply for a title loan. At Delaware Title Loans, Inc., the title loan can be worth up to $15,000, but the exact amount you are loaned depends on your vehicle’s value.

Title Loan Processing Time

The process of applying in person can take as little as 30 minutes, and you can get the money you need the same day or the next business day.

How To Get A Loan With Poor Credit In Delaware

If you need to apply for one of these loans, simply fill out and submit the online cash loan form today. Shortly after you submit the form, a loan representative from the closest location will call you.

During this phone call, they will set up an appointment to have your requirements evaluated.

At the time of the appointment, make sure to have your required items and allow the loan representative the time needed to go over everything to determine if you qualify. If approved, you can get the money the same day or the next business day.

Get A Loan Today!

One of the first loan types to consider when answering how to get a loan with poor credit is an installment loan. An installment loan is suitable for individuals with poor credit and can get you up to $1,500. Of course, an installment loan may not be right for everyone.

If you need a bigger sum of money, you can apply for a title loan instead. To get started, simply fill out the online form today and one of our loan representatives will guide you through 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.