Get A Loan With Bad Credit! Here's How

March 30, 2021 | Louis Tully

Most people assume that they'll never get a loan with bad credit, and many times they're right. That's because a poor credit score makes bankers feel nervous about lending you money. But if there were a way around all that, would you take it? Of course, you would.

Either way, you still need to understand why you can't get a loan with bad credit, or else you'll never get rid of the problem. And do that while also finding opportunities to make your report look better. Let's start by unpacking the reasons why this is happening.

Learn More About How To Get A Loan With Bad Credit

3 Reasons You Can't Get A Loan With Bad Credit

Besides being seen as a liability by the banks and lending institutions from whom you're requesting money, there are three more reasons why you can't get a loan with bad credit. Check this out:

  1. You might not be able to pay it back as agreed. Poor credit scores say you're inconsistent with paying on deadlines.
  2. Your financial situation could change unexpectedly. A bad credit report reads as especially risky for long-term loans.
  3. You often need help to pay your bills on time. Imperfect credit reports are a sign that you constantly struggle.

Thus, to get a decent loan when your credit is bad means being creative and diligent. Fortunately, modern society has given people like us many options just in case. So, now let's go over why you may need this loan in the first place.

Why You May Need To Get A Loan With Bad Credit

Life is unpredictable, which means things that cost money can happen at any time, whether you can afford them or not. So, when something happens that requires a loan, bad credit can make the situation worse. Here's why:

  1. You lost your income. Lowered wages due to getting fired or laid off can do major damage to your budget.
  2. You got sick or hurt. Not being able to make a living means not being able to pay the bills on time.
  3. You needed to travel. Having to pick up and leave can be expensive, especially if you have a large family.
  4. You were facing eviction. It's impossible to keep a roof over your head or get a new place when your credit is bad.

The unexpected is bound to happen, but everyone needs to be prepared regardless of what's on their credit report. It's not fair that some people have to suffer. And they don't as long as they use their resources wisely.

FACT: It takes most people between 1 and 3 years to remove substantiated negative marks from their credit report.

How To Get A Loan With Bad Credit

Did you know that you can get as much as $15,000 in the next 24 hours, even if your credit report isn't pretty? Best of all, you can use the money to replace your income, pay for medical bills, get to where you're going, or save yourself from being evicted.

Or you can put the cash toward your biggest/oldest debts to improve your credit score once and for all. Whatever you decide, here's how you get a title pawn with bad credit.

Step One: Fill Out An Online Title Pawn Application.

Go to Georgia Auto Pawn, Inc. to fill out a short online application form. It only takes a few minutes, and you'll receive a preliminary answer within half an hour. After that, a loan agent will kindly schedule a time to meet up for the next steps. This is your chance to think of any questions you might have.

Make a budget to determine exactly how much money you'll need from your title pawn.

Step Two: Gather Your Required Items Ahead Of Time.

Make the process even easier by being prepared when your title pawn agent shows up to complete the contract. Here's what they'll most likely need to see:

  • Your vehicle for a quick inspection
  • The lien-free title that goes with it
  • Your government-issued driver's license or photo ID

You might also get asked for some basic banking information to establish a path for direct deposit. So, have your account and routing numbers handy, or bring along a blank check from an active checking account in your name.

TIP: Start the process early in the day on one of the first days of the week to expedite processing even more.

Step Three: Receive Your Loan Within Hours.

Take a minute to have some of your questions answered before signing the contract. Then, agree to the terms and receive your money in the bank as fast as possible. Regardless of your credit situation, this could be how your afternoon ends up.

NOTE: You must be at least 18 years old to qualify.

Get a Loan with Bad Credit From Georgia Auto Pawn, Inc.

Bad credit can't and won't stop you from paying the bills and living a stress-free existence if you're smart.

When wondering how to get a loan with bad credit, follow our lead with just a few steps. If you get caught up along the way, remember, Georgia Auto Pawn, Inc. offer Georgia title pawns that can help get you back on top of your finances.