Being low on cash can be a very stressful situation to be in. You may be wondering how you are going to come up with the money that you need to pay your bills, rent, buy food, and take care of other expenses. The first thing to realize is that almost everybody encounters some form of financial hardship at some point in their lives. Therefore, you are not alone.
Still, if you have bad credit and have tried to take out a short term loan to get by, you may be discouraged by the fact that you were denied. Fortunately, there are options out there for you that does not require a credit check yet still allow you to borrow the money you need. If you are a car owner, then taking out a car title loan in Lewisville is likely your best option.
If you have never taken out a car title loan before, then you may be curious as to what these are and how these work. Essentially, a car title loan is one that does not require a credit check because of the fact that the vehicle’s title can be used in lieu of an established credit score.
In this sense, the title is placed as collateral on the loan, and so long as the borrower pays back the loan within the time period allotted, he or she keeps the title and the car.
What Is Required For A Texas Title Loan?
Aside from not requiring a credit check, one of the great advantages of taking out an auto title loan is the fact that these are done by private lenders who are not subjected to the same laws and regulations that keep banks from approving those with poor credit for loans. Instead, companies such as ours at VIP Finance can work with each individual on a case-by-case basis and come up with a custom loan option that works for them based on the amount of money they need, the value of the vehicle, and other financial aspects of that person’s life.
If you are in need of quick cash and have a car title that is in your name with no lien holders on it, then you could get approved for the money you need as soon as today with VIP Finance. Because we offer low-interest rates and flexible payment options, we can be sure to come up with a loan option that will work for you.
In the process, you can build your credit as you make timely repayments on your loan. In the meantime, you can also enjoy having the additional funds that you need to pay for any of your expenses. Since the money is deposited directly into your bank account, you can use the money as you wish.
Overall, being in a tricky financial situation can be a pain, especially if you have less than perfect credit.