Due to the fact that regulatory compliance forbids brick-and-mortar lenders from offering loans without credit checks to non-ideal borrowers, many cash-strapped individuals in the United States end up exploring online for such items. Given that more than 60 percent of Americans live paycheck to paycheck, it is logical that there is a demand for emergency loans and the numerous alternatives to traditional loans that require a stringent credit check. Sara Graves, the co-founder of US Title Loans, taps into the exact need to fulfill an unexpected financial expectation.
There are numerous types of loans that do not warrant a hard credit check and are available to U.S. residents regardless of their FICO score. If you are granted one of these loans, you are free to use the funds however you see fit.
This article discusses what US Title Loans are and how they work to help borrowers connect with lenders for loans for bad credit with instant approval that does not require a credit check, their operation, and the processes required to receive one.
What Are US Title Loans?
We know you must be wondering why my not-so-good credit score might not be able to get me the loan I want. And with a bad credit history, it is even harder to get one. FICO says that you have bad credit if your score is between 350 and 579 on a scale from 300 to 850. Banks and most other lenders won’t lend to you if your credit score falls into this range.
US Title Loans works as a financial intermediary between people who need more money and lenders who offer loans with easy application processes. US Title Loans helps customers by putting them in touch with hundreds of trustworthy online lenders where they can safely apply for quick cash loans. These loans can be used to pay for things like medical bills, repairs to your home or car, and other similar costs. This kind of loan could be helpful for people who need extra money for day-to-day expenses or who have lost their jobs and lost money.
US Title Loans is a web-based service that functions as a credit broker, connecting borrowers with lenders and providing borrowers with access to loans as soon as the same day. The repayment duration for their loans is as little as 90 days or as long as 72 months.
All this is now even possible if you do not have a stellar credit score.
How Does US Title Loans Work?
US Title Loans is a unique model because it helps you make direct contact with accredited lenders. Instead of you having to go through the hassle of trying to get a loan from a bank or other institution, you can simply use their credit broker services to connect with a reliable lender who might be willing to lend you money.
They are a new type of loan-broker service that helps you connect with lenders and get the cash you need without having to go through the hassle of paperwork and a long wait for the approval. It does this by putting you in contact with friendly lenders; if your needs fit their criteria, then they’ll fund your loan and give you money on the spot. It’s all made possible through the use of proprietary software that allows their network lenders to quickly scan through your application and provide guaranteed quick decisions.
As a borrower, entering your information into an online form will result in grabbing loan offers from a reputable network of financial lenders. US Title Loans will forward your completed application to different financial lenders, and they will take the review/approval process forward.
Why Choose US Title Loans?
Not only do US Title Loans save you time and effort, but it also helps you avail yourself of instant loans for bad credit with no credit check that can establish a legitimate credit history by allowing you a flexible repayment method. It also saves you money because they don’t charge any sort of application or origination fee (the same cannot be said for loans from traditional lenders).
Let’s look at some of the additional benefits that US Title Loans offer, which give them an upper hand over other credit brokers.
1. Easy Submission
You don’t need to go through the hassle of submitting paperwork or answering invasive questions. It also means that you can get a loan approved in as little as 24 hours, even if you don’t have a perfect credit history or a steady income stream (or any source of income at all).
2. Quick Decision
When you submit your information, the system will attach various files and documents to help you stand out from the rest. This includes your income overview, financial history, and personal information. Then, the system will access the lenders’ network database and begin searching through it for lenders who might be willing to provide loans for bad credit with no credit check.
3. Swift Money Transfer
Once you get a response from a lender, the transfer of money is as quick as a few hours after approval. The money is deposited into a bank account. The direct lenders they work with can usually approve borrowers the same day they apply and can help you acquire the money you need to handle an unexpected situation quickly.
Eligibility Criteria To Apply For Loans Via US Title Loans
You need to be a citizen of the United States and at least 18 years old in order to acquire a loan through US Title Loans. If you meet these requirements, you may apply for a loan. In addition to filling out the application form, you will also be required to provide appropriate evidence relating to your identification and income at the time of application submission.
Bad credit loan borrowers may find it difficult to choose the best online credit broker service; we’ve done the legwork for you by reviewing the best credit broker, US Title Loans, in the business.
Check out the US Title Loans website if you have a low credit score and want to be approved for a loan at reasonable terms.
We analyzed a number of different aspects of bad credit loans to find the best one, including the lender’s credibility, the time it takes to get accepted, the loan’s maximum amount, the interest rate, and the application process.