Need Bad Credit Personal Loans? Get Approved Today — 5 Steps

If you need small personal loans for bad credit, you should consider car title loans. These are secured loans that use your vehicle as collateral, meaning that anyone with a vehicle and a valid car title can apply for a loan. The process is fast and simple with the loans able to be available in as little as one hour. There is no credit score, making it possible to get small personal loans for bad credit. All you need to do is follow these five simple steps and the loan can be in your hands.

1. Provide Personal and Car Details — You will need to provide your personal details and car details within the online form on the website or in answer to questions asked over the phone. Car details may include the make, model, year and color of your car. These details are required to work out the current market value of your vehicle and therefore the loan amount you are eligible for. This whole process should take only a few minutes to complete. You will be offered a preliminary loan amount over the phone with instant approval. There is no credit score required for approval, making car title loans suitable as small personal loans for bad credit. Car title loan service is available 24/7, allowing you to start the process at any time that suits you.
2. Hand In Your Paperwork — You will then need to travel into the local office of the lender to hand in your paperwork. Required documents include proof of identity (such as driver’s license), proof of residence (such as utility bill in your name), car title, car insurance and proof of income. All documents must be valid.
3. Negotiate Terms and Conditions — Car title loans offer flexible terms and conditions and at this point you will be able to negotiate the terms and conditions of the loan. This includes the interest rate and repayment schedule of the loan.
4. Sign the Documentation — You must sign all the documentation. This includes signing over the lien of the vehicle to the lender. The lender will remain the lienholder for the entire loan period, after which it will revert back to you.
5. Get the Loan — Once these steps have been completed, you will be able to take the loan. You can get the cash and still be able to drive your own car for the entire loan period. This can all be arranged and the cash in your hands in just sixty minutes.

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