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Credit scores are not needed to obtain car title loan quick cash. But
did you know that the credit score that you as a consumer is given
differs substantially from what any lenders receive. The three credit
reporting agencies are Equifax, Transunion and Experian. They each use
different scoring systems, as well as, different categories the
placement that the consumer and the lender receive can be off by two or
more different categories. To make matters worse, the credit score that
the consumer "buys" is very different than the credit score that the
lender uses to determine if they will lend you any money
www.Deposit1500.com A car title loan is a secured short term loan. There is no credit check
or credit history check. This is a great loan for anyone with no credit
history or a poor credit history. A no credit loan is possible; the car
title loan uses your vehicle as collateral, not your credit. The
borrower can get up to 80% of the value of the vehicle after the vehicle
is appraised and inspected. The amount is usually about $2,600 to
$10,000. The car title loan companies, in general, do not ask too many
questions before granting the loan. To qualify, the borrower must own
the vehicle outright and have a source of income and his short term loan
will be approved. There is a simple application that you fill out and
submit and the cash is yours. What's even better, is that the borrower
can still drive his/her vehicle for the full term of the loan.
With our economy as bad as it is, this noncredit score loan is exciting.
Credit score numbers are not reliable and the consumer cannot manage
their financial affairs with faulty numbers. These "faulty" numbers will
tell lenders, as well as, ourselves if we are eligible for the loan we
can receive and tell the lender how much interest to charge. Most
lenders do not take collateral like a car title lender.
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