Many times people find themselves in need of quick cash or facing a financial emergency. One option that is available for people who need money quickly is to get a car title loan. The Net Lender provides individuals with a way to get cash quickly and easily by borrowing against the equity in a vehicle. These loans are called car title loans, and also go by the names of pink slip loans, vehicle title loans, and sometimes vehicle collateral loans.
A main question that people often have regarding car title loans is this:
Go ahead and read the article, or if you prefer, just watch this short video and it will answer your question:
The answer is not a simple yes or no…the answer is it depends on the lender. In general, most lenders are going to want to check your past credit and see your credit history to some degree. First, you must understand that there are pro’s and con’s to title loans.
Secondly, you need to understand how how title loan credit reporting works.
Lastly, you need to understand that in general companies who do not pull your credit when you get a title loan are going to, in general, charge more for interest for their auto title loans. This is because without knowing your current or past credit history you are a higher risk to the lender. The less information a lender has, the worse picture they have of your current financial situation. The more information a lender has, on the other hand, the better picture a lender will have. This does not guarantee that you will get a higher or lower interest rate, but it is something that car title loan companies take into account.
What are the other things that they take into account? They are as follows:
If you don’t know your credit score there are several ways to check your credit online.
If you are considering getting a car title loan in California call up The Net Lender today. We can be reached toll free at 888-539-2065. Our staff is highly trained, polite, and will take time to answer your questions and help you get the information you need. Call today 888-539-2065 or fill out the application form on this page. Within minutes you can find out how much cash you can get.