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What if i have a bad credit can i still get a title loan for my car.?
6 Antworten
- likepepsiLv 7vor 7 Jahren
You probably can, because you are pledging your car as collateral for the loan. In effect, you are betting your car that you will be able to pay back the loan. These are some of the most costly loans around. Very, very, very expensive. You may be digging a worse hole.
Since the lender won't lend you any more than they feel they can get for your car if they have to take it from you due to nonpayment, there is not a lot of risk on their part. If you have a job and have been there for a while, chances are you could get a title loan for some amount less than the car is worth.
However, think very hard about your ability to repay, because if you can't, you lose your car. And it may get worse - if they auction your car and don't get enough to cover the loan, then they can go after you for the difference. So you could end up with no car AND another black mark on your credit.
- ALv 7vor 7 Jahren
a title loan is a bad thing the I interest is so high that many people can't pay the money back and lose their cars, I would advise against it. Sell something, get another job
- vor 7 Jahren
YES..there a re title loans given with out checking the credit
check me if you don't believe
- MikeLv 7vor 7 Jahren
put yourself in the lender's shoes--would you lend money to someone who had your credit history ?? not likely
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