Emergency Loans To Get Cash Right Away
Unexpected events happen in life and if you need a same-day loan approval, look no further. Qik Car Title Loans is all about speed when it comes to helping you get a loan right away. While the bank and other financial institutions can take up to a week to help you, Qik Car Title Loans can help you get same-day loan approval so you can get emergency cash right away when you need it. Get started now by applying online or give us a call at (855) 211-5880.
What Are Car Title Loans?
Car title loans use your car as collateral for your loan, meaning if your car has enough value, you can use it to back your loan. If you’re the sole owner of your car, you can get a loan using the value of your vehicle. For example, if you own a car that has a current market resale value of $10,000, you can get a loan up to $10,000 with a car title loan. Car title loans are a great loan option if you’re unable to get a loan at the bank. Car title loans are a fast, easy, and convenient way of getting a quick loan if you are in need of emergency cash. In most cases, bank can take over a week just to look over your loan application and you end up losing precious time if they deny your application. However, Qik Car Title Loans can approve your loan application in under 15 minutes. Save yourself the time and get a car title loan so you get the cash you need right away.
In order to be eligible for a car title loan, your car must be:
- Completely paid off. You must be the owner of your vehicle.
- Free of any liens
- Have enough market value
Do Car Title Loans Affect Your Credit?
Car title loans can offer you a great advantage if you suffer from poor credit and are trying to build up your credit score. Why? Car title loans are also a type of installment loan, meaning you make your payments in fixed portions over time, such as monthly payments. When you make your payments on time and in the right amount, your payments will be reported to the three large credit bureaus, Experian, Transunion, and Equifax. If you were suffering from a poor credit score, making your payments on time can help boost your credit as you demonstrate your trustworthiness to the credit bureaus.
Loans For Bad Credit
But what if you suffer from bad credit? Don’t discount yourself from a car title loan just because you have bad credit. Instead, car title loans are known as a great means of alternative lending and can be helpful in your situation. Here’s why.
Most loans, such as the one you borrow from the bank, will be based on your credit score. Since the bank has strict requirements for loan approval, many people will be turned down since their credit score is not in excellent condition. Where can you go if you’re turned down by all the banks? Alternative lenders such as Qik Car Title Loans can help you get cash even if you have bad credit. This is due to the fact that car title loans are not loans based on your credit score, but rather the value of your vehicle. So even if you have bad credit, if your vehicle has enough value, you’ll be able to get a car title loan.
