The Secret for How to Borrow Money with Bad Credit

June 23, 2021 | Louis Tully

borrow money with bad credit

All of us have been made to believe that it’s next to impossible to borrow money with bad credit, and certainly not on good terms.

And there’s a kernel of truth in that. But only a kernel. It is hard to borrow money with bad credit at a bank or a credit union, and you will need to jump through more than a few complicated bureaucratic hoops to do that. It’s not outright impossible – but the odds are certainly not in your favor.

That said, traditional financial institutions aren’t the only option you can turn to when you need to borrow money.

For example, you could get a title pawn at Georgia Auto Pawn, Inc. with much more ease and much quicker, regardless of what your credit looks like.

How to Borrow Money if Your Credit Is Bad

How Is It Possible to Borrow Money with Bad Credit in the First Place?

Unlike banks, private lenders like Georgia Auto Pawn, Inc. are interested in approving as many people for loans as possible. This is why qualifying requirements for short-term fast loans tend to be simple, flexible, and accommodating.

And auto pawns are possibly the most accessible out of all the short-term fast loans. This is because they’re a secured type of loan. Secured loans require the borrower to put up an asset as collateral (in case of auto pawns your vehicle title will act as collateral).

As the lender’s assets are secured from the get-go, their approval policy tends to be even more accommodating – including welcoming borrowers of all credit types.

So, you can easily borrow money with bad credit if you apply for an auto pawn at Georgia Auto Pawn, Inc.

What Do I Need to Do to Borrow Money with Bad Credit?

Auto pawns have somehow acquired a reputation of not being sufficiently regulated. The reality is completely different – auto pawns are some of the most tightly regulated loans around.

You definitely need to meet certain standards to get approved, and you need to provide the lender with a few items to prove you meet those standards:

  • A valid state-issued ID or a driver’s license – the lender will need to verify your identity and legal age (you need to be at least 18 to be eligible for an auto pawn);
  • A vehicle – the maximum loan amount you qualify for will be determined based on its value;
  • The vehicle’s lien-free title in your name to prove you’re the owner of the car.

Will My Credit Score Get Worse if I Borrow Money with Bad Credit?

No. Getting a title pawn will not affect your credit score, as Georgia Auto Pawn, Inc. keeps the loan information completely private, never reporting to any credit bureaus.

Can I Borrow Money with Bad Credit if I’m Currently Unemployed?

Yes, you can! As the auto pawns are secured loans and you’ll be providing collateral, the choice of means for loan payoff is entirely up to you.

If you’re currently unemployed, you can use any other payoff method that feels comfortable to you. You can use any type of benefit, compensation, or even savings.

You likely won’t even be asked to provide proof of income.

Do I Have to Give up My Car to Borrow Money with Bad Credit from Georgia Auto Pawn, Inc.?

While some lenders certainly may ask for you to use your car as collateral and leave it with them for the duration of the loan payoff – Georgia Auto Pawn, Inc. doesn’t!

It’s the car title you’ll be using as collateral, so it’s the car title that will stay with the lender. The car stays with you for the duration of the loan payoff, and you’re free to use it the same as before, as long as you stick to your payment schedule.

man with an auto pawn

How to Borrow Money with Bad Credit from Georgia Auto Pawn, Inc.

Make sure you’ve got all the required items – the state-issued ID/driver’s license, your vehicle, and the vehicle’s lien-free title in your name.

Start the process simply by submitting an online inquiry form on the website. It will send the information to the location of your choice, and as soon as the form gets processed a store representative from that location will give you a call.

The representative will provide further instructions and answer any questions you might have.

Take the required items to the appointment the representative schedules. They’ll need to inspect your car and assess your documents to determine if you qualify for the title pawn – and on what terms.

If they decide to approve you, you’ll complete the process then and there, and get the cash! It typically doesn’t take more than 30-45 minutes!

Get an Auto Pawn and Receive Cash TODAY!

In time when you need cash on short notice, remember that you can pawn your car and keep it with Georgia Title pawn, Inc. Get your title cash now by submitting a short inquiry form on our website – and cover your emergency expenses without waiting for days!