How To Qualify For A Payday Or Title Loan With Bad Credit

Having bad credit can make it challenging to qualify for a loan from a bank, considering them to be bad credit loans. But there are quick cash loans – like either a payday loan or a title loan – that you can get despite your bad credit. Thankfully, using Cash Cow for help is simple.

What items will you need to apply for a payday loan or title loan? And do we offer loans even to those with poor credit scores? Keep reading to find out more about these loans!

Is It Possible To Qualify For A Loan With Bad Credit?

If your credit score is below average, due to late fee payments on mortgages, maxed-out credit cards, etc., you’ll need to look for trustworthy lenders that work with all types of credit for bad credit loans. The good thing is you don’t have to search far. We here at Cash Cow will be glad to help you look into our title or payday loans, even if you have poor credit. Even though these loans are no credit check loans, other factors are considered when trying to get personal loans with bad credit.

If you’re submitting an application for a payday loan, your income and ability to repay the loan help our representatives determine whether you can qualify. We don’t report your loan to any major credit bureaus if you are approved but that does not mean you can avoid payment on these loans or any other loans. When it comes to applying for a title loan, the title and the condition of the car are the main things that we will pay attention to. 

How Much Money Can I Qualify For With Bad Credit Loans?

Now that you know that you can get either a title loan or a payday loan with bad credit, you are probably wondering how much can you get with either loan. With a payday loan, you can get anything up to $300 – which is based on how much you can repay. This is why we need to see your most recent pay stub. With a title loan, you can get up to $1,400. We base this on your vehicle’s overall condition. This is why we need to inspect your vehicle before we can make a final decision.

What Items Will I Need To Prepare?

So, we’ve gone over why you can get either of these loans with bad credit and how much you can get. The next logical place to go is to explain what you need to bring to find out if you can qualify for either loan. The good thing is we’ve kept the lists of required items for either loan short so you can be sure to remember them. Here is a complete breakdown of what we need and why we need to see these particular items:

• Payday Loan:

• A valid state-issued ID or your driver’s license: This will be used to confirm your identity and the fact that you’re over 18 years old.
• Your most recent pay stub: You would basically be offered a portion of your next paycheck. So, your pay stub is the exact document that would be used to determine how much you can qualify for. In case you do not have a pay stub, we may allow you to provide alternative proof of income. To find out what documents we might agree to consider, give us a call.
• A blank check from an active bank account in your name: A payday loan is an unsecured loan, which means that you wouldn’t have to put up any form of collateral to secure it. The blank check is a way for the professional to make sure that you pay the loan back.

• Title Loan:

• A lien-free title that has your name on it: If you want to qualify for a title loan, you need to own the car outright. In case you’re still making payments on the vehicle, you will get declined. Also, bear in mind that the title has to have your name on it. If it doesn’t – get the title transferred before taking out a loan.
• Your vehicle: One of our representatives will physically inspect your vehicle to determine how much we can lend to you if you qualify for approval. The better the condition of the car and the higher its value, the more you might be able to get.
• Your state-issued ID or driver’s license: Again, we use this to confirm your identity and to verify that you are at least 18 years old.

How To Take Out A Bad Credit Loan With Cash Cow Lenders

The last thing you should know about our title loans and our payday loans is how to get through the process for either loan! And just like our lists of required items, we’ve made sure to keep the process steps short and simple to remember. No matter which loan you are going for, you can rest assured knowing that the process won’t be drawn out or complicated to understand. Here is a quick breakdown of what you can expect when you want either of our loans:

1. Gather the required items for either of our loans.
2. Fill out the online form on our website to send us your basic information.
3. Talk with one of the friendly lender representatives from the nearest store location over the phone, once they have received your information.
4. Set up a meeting to meet in person.
• If you are going for a title loan, you can have us come meet you at a more convenient location, like your home or office.
• If you are going for a payday loan, you must come into the store.
5. Sit down with the representative so they can verify your items and provide an overview of the loan.
• If you are going for a title loan, this will also include quickly inspecting your vehicle to gather data.
6. Find out if you can qualify for the loan.

If approved, and you agree to the amount, rates, and terms, fill out and sign a small amount of final paperwork to get your money the same day or the next day.

Apply For Personal Bad Credit Loans Today!

Bad credit should not stop you from getting an emergency cash loan when you need help. At Cash Cow, we offer payday loans and title loans to those with a less-than-perfect credit score. Our loan approval is not based on credit, there are other considerations that make getting a no credit check loan even easier with us. And, the best part is that the whole in-person process might only take 30 minutes to find out if you qualify. 

Ready to get the quick cash loans? Then make sure that you have the required items and fill out the inquiry form to get started.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.