In the past, people with bad credit have been limited when it comes to getting loans. Most lenders require proof that you will be able to repay your loan and their way of ensuring that is to make sure that you have good credit, to do a background check and to examine your employment status and paycheck. For those who have bad credit, this was a major problem and one of the few avenues left open to them was to borrow from family or friends, a prospect that many people tried hard to avoid. Today, however, there are other options available if you have bad credit. If you live in the San Francisco area, one of the most popular of these options is car title loans in San Francisco.
Loans for Bad Credit
Car Title Loans in San Francisco offer credit for all applicants. In order to be able to apply for a loan you need a vehicle that has a valid car title. This vehicle acts as collateral for your loan and the car title moves over to the lender so they become the new lien holder for the life of the loan. It is this security that makes it possible for the lender to offer more flexible loan requirements and conditions. Car title loans offer credit with no credit check, no background check and no employment check. This information does not need to be shared with the lender at any point in the application process and can therefore have no impact on the approval of the application. You can now get a loan whether you have good credit or bad credit through a reliable lender.
Getting Your Loan
Getting your loan through Car Title Loans in San Francisco is simple and straightforward. As we mentioned above, you do not need to go through any credit checks or background checks. All you need to supply is proof of identity and residency, as well as a valid car title and car insurance. Finally, you must provide proof of ability to repay the loan in the form of proof of income; however, the type of income is not important and can be anything from regular employment to disability income to unemployment or retirement funds. This flexibility makes it possible for anyone, whether they have good credit or bad credit to apply successfully for a loan and to receive flexible and competitive rates and conditions.
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Posted by James Patrick on 5:53 am, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.