Yes, it is possible to get a registration loan with bad credit. In fact, registration loans are designed with customers in mind who don’t have the most pristine credit history. However, you may want to think twice before jumping into such a loan, and make sure you’re aware of all your loan options. Registration loans are notorious for their high interest rates and their short terms. If you cannot pay back your loan right away, you risk acquiring even more debt, which will harm your financial situation even further.
If you need fast funding, you might want to reconsider choosing a risky lender who could give you more problems than solutions. One alternative you might want to consider is a car title loan. When you get a car title loan with LoanMart and stay on top of your payment plan, you might even be able to improve your credit report . This is because a successful payment history on a car title loan serviced by LoanMart will reflect positively on your credit score, which can prevent the score from decreasing.
Improving Your Credit Score?
What is a credit score? Your credit score is a number that reflects your financial reliability in the eyes of many lenders. Factors such as:
- paying bills on time
- how many credit cards you have
- your balance on each credit card
play a role in determining your credit score. If you have a history of forgetting to pay your bills on time, that will reflect on your credit score.
Call Our Team
Take the first step and call our toll-free hotline to speak with a specialist.
Unfortunately, it can be difficult to be approved for new credit cards or traditional loans if you have a credit score on the lower side. This can be frustrating; how can you improve your credit score by making payments on time if you can’t receive approval for funding in the first place? This first step can be to stay on top of your existing bills and payments and build up your history, but this can take time.
If you have poor credit and need fast funding, a title loan may a good option for you. But do you know the best place to get a car title loan with bad credit?
Where You Can Get a Title Loan with Bad Credit
Since we opened in 2002, LoanMart has been one of the leading non-traditional lenders and title loan servicers in the business. We help as many people as we possibly can, which is reflected in our high approval rating.
LoanMart has a high approval rate—that means we can accept people with a wide range of credit scores1. Instead of judging you based on a number, LoanMart looks at OTHER important factors when going through the approval process. Your ability to repay your loan and the equity of your vehicle are more important to us than your credit score.
Check out our customer testimonial page and see how all kinds of people have been approved for life changing car title loans. When you go with LoanMart, you can get the money you need in as little as one business day3!
Benefits That Come with LoanMart Car Title Loans
That’s right, our high approval rate is just one of the many benefits that come from getting a loan with LoanMart. Check out some of the other perks you can enjoy with LoanMart:
- Quality Service: LoanMart is HERE FOR YOU. We have qualified representatives available 6 days a week with extended hours because we know life doesn’t stop after regular business hours. LoanMart is there for you when you need us. Never hesitate to contact us with a question or concern about the car title loan process, our experts are waiting by the phones to assist you with anything you need.
- No Balloon Payments or Early Payment Fees: Don’t you just hate it when you are trying to be responsible and on top of your bills and payments and you get penalized for it? Some lenders will slap their borrowers with fees when they try to make their payments earlier than the due dates. Or worse, some other lenders require the borrower to pay back their loan in full at the end of their loan period in what is called a balloon payment. You can leave all of those hassles behind you when you go with LoanMart because we don’t have ANY of that.
- Competitive Rates and Convenient Terms: LoanMart wants your car title loan to help you succeed, that’s why we do everything we can to set you up for success. When you get a car title loan with LoanMart, we will create a payment plan just for you using our convenient terms and competitive rates. When you have a payment plan that works for you, making your monthly installments is a breeze and you can pay off your loan balance before you know it.
