Title Loan in Atlanta

Title loan Atlanta customers should not consider their credit when comparing a car title loan to a bank or credit card loan your credit score is the most important factor determining your approval. Unfortunately, with just some late payments, a repossession, foreclosure or bankruptcy, it can lower your credit score and make it a challenge to be able to qualify for these loans. If you find yourself in this situation and you need to borrow money to meet your emergency financial needs, one option that you can consider is a car title pawn or loan. Once you apply for a car title loan, your credit score is not going determine your approval. The majority of lenders won’t be running a credit check on you, which makes it beneficial for your loan to be approved. The reason for this is the fact that they are secured loans, meaning they are holding collateral against your loan. It is like a bank lending to buy a home but if you do happen to miss out in payments your vehicle could be repossessed much like a foreclosure on a home. Your car tittle loan amount is determined by the value of your vehicle and that serves as the “credit score” to give you a maximum and minimum amount to be loaned out. The qualifications for title loans vary form lender to lender so check closely when searching for your title loan in Atlanta.