It can be frustrating if you have bad credit and you need to borrow money. Many lenders have their own minimum score for lending and will turn you down if your score isn’t high enough. So what should you do if you’ve got bad credit but need money urgently?

How Does My Credit Affect an Auto Title Loan?

An auto title loan is one where you use your vehicle as collateral for the loan. That being the case, the amount you can borrow is determined by the value of your car and your credit is not a major factor in the decision-making process.

The lender will, however, need to check your credit report before making a final loan decision. This is primarily for two reasons:

  • To check for active bankruptcies
  • To check your current financial commitments

If you’re already going through a bankruptcy, the lender will not be able to loan you more money as you’re currently unable to pay off the debt you’ve already accrued. If the bankruptcy has been discharged, there may be some lenders who’ll be willing to loan you the money you need but it will depend upon their own guidelines.

Lenders will also consider your financial commitments to see what your monthly outgoings are. If your debt-to-income ratio is high, they’ll be less likely to loan you money. You could be over-extending yourself and running the risk of being unable to make your payments. If the lender believes that’s the case, they may decide it’s not worth the risk.

What if you’re looking to rebuild your credit? Is there a way of getting the money you need and improve your score?

Why is a ChoiceCash Auto Title Loan a Better Option?

With a ChoiceCash Auto Title Loan, serviced by LoanMart, you can potentially borrow the money you need – even if you have bad credit.1 Like other lenders, a ChoiceCash Auto Title Loan doesn’t consider your credit score as a major factor in the decision-making process and is therefore able to lend more money to more potential borrowers.1

But that’s not the only benefit for borrowers. Besides being able to help if your credit is challenged, a ChoiceCash Auto Title Loan can potentially you save money too.2

When you make your monthly payments on time, your annual interest rate can be reduced.2 This then drops your monthly payment and allows you to save a little more every month as a result.2 Continue to make your payments on time and your rates could continue to drop even further.2

If you need money in the future, a ChoiceCash Auto Title Loan will be there for you too.1 You could potentially borrow more and still keep the same low rate of interest you’ve earned through your excellent payment history.1

You don’t need to keep the loan for its entire term either. There are no prepayment penalties, closing costs or balloon payments if you choose to pay off the loan early – you only need to repay what you currently owe.

How Can I Apply For a ChoiceCash Auto Title Loan?

The application process has been designed with the borrower in mind and couldn’t be quicker or easier. Simply go to or call 855-914-2945 toll-free to speak to a loan specialist. After providing some basic information about yourself and your vehicle, you’ll find out if you qualify and how much you could potentially borrow.1 The initial inquiry takes just a few minutes.1

Your loan specialist will then detail the next steps and ask you to submit a few documents.

  • Proof of Income – pay stubs, bank statements and even award letters are all accepted
  • Proof of Residence – almost any recent mail with your name and physical address
  • Proof of Ownership – your vehicle’s title must list you as the owner
  • Vehicle Photos – front, back and sides, plus the odometer and VIN
  • References – can be either personal or professional. They are not contacted during the application process

After reviewing and approving your application, your loan specialist will then send you a loan agreement, which you can sign electronically.1 Your money can then be directly transferred into your bank account or you can opt to receive a mailed check. Or, if you’d prefer, you can pick up your funds at a participating money transfer location near you.

The whole process, from start to finish, can be completed in under 24 hours and, depending upon when you apply and how quickly you can submit your documents, could even be completed the same day.1

Better yet, there’s no need to visit a physical location for a vehicle inspection or to sign your agreement, making it possible to complete the loan process from the comfort of your own home.1

Don’t waste your time getting frustrated with turn downs and lower loan amounts. Call 855-914-2945 toll-free or visit to get your ChoiceCash Auto Title Loan started today!1