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Are Title Loans Utah An Option When You Have Bad Credit?

Bad credit can be an impediment to a number of financial situations, but what about with title loans? Are title loans Utah an option when you have bad credit?

You may be able to get title loans Utah if you have bad credit, but just know that the terms of your loan may change as a result. There are a number of steps you can take to improve your chances of success even with bad credit.

So when financial disaster strikes, getting a title loan might be an option for you even with bad credit. The rest of this article will cover whether title loans Utah are an option with bad credit.

First Things First, Consider Why You Need A Title Loan

Before discussing whether title loans are obtainable with bad credit, it’s worth taking a look at why you need a title loan. These loans can be a useful tool to help you out of a pinch, but they’re not intended to be a long-term fix for poor money habits or to finance frivolous purchases.

If you’re struggling to manage your finances effectively, then investing time and effort into proper budgeting is a much better long-term solution to financial troubles.

Considering why you need a title loan and how much money you need to borrow can help you accurately assess whether title loans Utah are right for you.

title loans utah option with bad credit

How To Get Title Loans With Poor Credit

Credit will always be a factor with big expenses and loans. It’s a measure of your reliability when it comes to repaying the loan and thus the risk the lenders will take by agreeing to loan you money.

A title loan can be more forgiving than other types of loans simply for the fact that it is secured. A secured loan is a type of loan that relies on collateral. In this case, the title of your car will be used as collateral and added security on the lender’s investment.

Because some of the risks on the lender’s side are alleviated thanks to the collateral, title loan lenders might be more willing to work with bad credit.

Of course, different direct lenders have different requirements, and not all are willing to work with bad credit.

Be Wary Of Unscrupulous Lenders

Predatory lending can be a major problem, and scam lenders tend to prey on people who have poor credit. As such, you should do some research on several lenders before you commit to a title loan.

In addition, lenders that promise no credit checks, prompt you to sign blank forms, or aren’t forthcoming about the terms of the loan shouldn’t be trusted. Navigating the world of fast cash title loans can be difficult if you have poor credit, but it is certainly manageable.

How To Boost Your Chances

For a better chance of being approved, only apply for the amount you need. A smaller borrowing amount signals less risk to a lender. In addition, you’ll want to ensure your car title is lien-free with no outstanding judgments against it. A lien on your car title is an immediate no-go, so make sure to clear that up before you apply.

man holding utah title loan cash

How Utah Title Loans, Inc. Can Help You

Poor credit can make sourcing a title loan challenging, but with Utah Title Loans, Inc. you can still apply even if your credit is bad or non-existent. They offer title loans from $300 to $15,000, and to get started, all you need to do is fill out their online request form. You’ll need the following items to apply:

  • Driver’s license or state-issued ID
  • Lien-free vehicle title
  • Your vehicle for inspection

The in-person process can take as little as 30 minutes, but if you’d rather get started online, then you can fill out the online form to get some of your basic information sent.

Expect a call shortly after from a loan representative who will walk you through the title loan process and your monthly payment schedule.

If you’d rather not go to the store, you can schedule a place to meet with the representative to review your required items, the condition of your car, and the VIN.

If everything checks out, the representative will assess your eligibility and let you know whether you’re approved. Should you qualify, congratulations! You’ll get the quick cash you need on the same day or the following business day.

Apply Online Today!

If you’re in a financially stressful situation facing big medical expenses, repairs, or business travel costs, then a title loan from Utah Title Loans, Inc. might be the right choice for you.

Even with poor credit, getting title loans Utah might still be possible, and if you’re ready to get started now, simply fill out the online request form today!


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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.