Tag Archives: bad credit
Bad Credit Car Title Loan
If you are a car owner in need of ready loan, you can still get one despite bad credit. Many car title loan financers offer loans for car owners with bad credit, no credit and bankruptcies. They do not check credit histories and loan capital based on the value of the cars. Even if you have bad credit, it is still very easy in availing this short-term loan. Things to be done are to give the title of your car and a copy of your keys as collateral for availing the loan. A positive aspect about car title loans is that you get to keep your vehicle.
Car title loans are usually given for a period of 30 days and come with a lot of pay off options. When the loan is payable, the borrower may either pay off his loan and get his title back, or extend the loan for an additional period by paying the interest. You may extend the loan as many times according to your needs. Pay offs can be made at any time of the loan term and most companies do not charge for any prepayment fee or additional charge.
Car companies give out the loan money only after assessing the value of the vehicle. Aspects like the year, make, model and condition of the car are considered during the estimation process. The loan agreement is then made and the borrower gets the money.
Title loans are offered by companies for different vehicles including cars, trucks, vans, motorcycles, boats and others. An important criterion is that the borrower should have clear title of the vehicle. There are also few companies which provide car title loans to pay off existing ones. One can borrow up to 50% and more of the value of ones vehicle. Bad credit car title loans are wonderful options for the people who have bad credit histories in order to avail money in no time.
Loans for Bad Credit Instant Decision: Fast Loan for Bad Credit Affected People
Why should one blame those people who have made a mess in their history of credit? Days have changed a lot and it is really tough to meet up multiple financial demands with the monthly income which is horribly limited. Hence many people cannot pay back their loans at right time and arrears, CCJs, IVAs, bankruptcies etc lower their credit scores considerably. Still it is a fact that the lenders hesitate to advance loans for them as they are to take more risks than usually they do take. Loans for bad credit Instant decision are for the benefit of those people.
Loans for bad credit instant decision are short term loans with the following features:
1. It has a range from 100 to 1500 pounds and the borrowers can decide which amount of loans they will apply for.
2. The period for repayment is much short and it has a range of 7 to 14 days in general. In some special cases the lenders may extend it up to 31 days maximum.
3. The rate of payment is really high and it is, therefore, good to clear the loan as early as possible.
4. The borrowers must be sincere in the matter of repayment unless which they will have to pay for penalty fees and their credit score will go down further.
Loans for bad credit Instant decision are available in the unsecured variant and this is why the borrowers are not required to show evidence of personal property ( a piece of land, a car or a house for examples) which the lenders want to use to be pledged as collateral. Tenants are also eligible for such loans.
But anyone is not eligible for loans for bad credit instant decision. Eligibility has the following criteria:
1. The incumbent must be a citizen of the United Kingdom and must be already at least 18.
2. The incumbent must be in some kind of services under any lawfully built up organization and must have been employed minimum for the last six months.
3. He/She must earn such amount every month which will enable them to repay the money regularly.
4. He/She must have a valid account in a bank in the United Kingdom.
The borrowers may search the web sites for the Loans for bad credit and Instant decision.