Need a Title Loan? We can Help You!

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How Much Cash Can I Get?

Can I Get A Loan With Bad Credit?


Firstly, how does a vehicle title loans work? It’s simple; the lender uses your car as collateral. Your car is valued and you are loaned accordingly. In California, the minimum amount set by state law is $2,500. This is duly supervised by the DBO.

What if I have a terrible credit history, can I still get a loan in California?

If that sounds like you, then YES, you can still get a title loan with a terrible credit history that is a thousand miles away from being impressive.

You most likely like many others out there have made poor financial decisions that have dented your credit score but it is 100% possible to still get a title loan

How is this possible to get a car title loan with an unflattering credit history?

how can i get bad credit title loans Your car is automatically the collateral for your auto title loan. Your car makes it easy to obtain the car title loan as the lenders have something to fall back on if you default on your loan repayment. Though bad credit may impede getting loans in some areas, this is entirely different for car title loans as your vehicle’s worth and ability to repay the loan is mainly the basis of receiving a loan not your credit score. This in no way implies that the lender does check your credit history, they will certainly need to know if you’re heavily defaulting on major payments alongside being unemployed.

But keep in mind that past bankruptcies hardly get in the way of getting a car title loan.

That said, your credit rating/score only represents your past.

The approval is not influenced in any major way by a bad credit rating. Car title loans are almost effortlessly secured because lenders are assured by the important asset in question which is your car and its value if unfortunately, you fall outline. This means, aside from your pledge to repay the loan the lender has something valuable to hold on to. In essence, auto title loans are somewhat a blessing for people with bad credit record and are finding it hard to get a loan elsewhere.

Also, your job will be your credit. So as long as you can show your proof of income, you will be able to get a pink slip loan.

Giving auto title loans to persons with bad credit history isn’t much of a big deal for lenders as bad credit will not stop you from getting a car title loan. The value of your vehicle and your ability to repay are the most important things. You can get from 60-80% of the car’s resale value. Other factors that could influence getting a title loan despite a bad credit score include:

  • State of the vehicle
  • Car mileage
  • Car model
  • Year of launch
  • Your monthly income doesn’t necessarily have to be from an employment
  • Formal references and some other factors.

The quick fact here: a vehicle with more than 200,000 miles in it will not qualify for a title loan in California, except it is a diesel truck.

Conclusively, your bad credit should not deter you from applying for a car title loan as it plays very little influencing most lenders decision to give you a loan.

Trading Financial Credit, LLC may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. Trading Financial Credit, LLC does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License : 603-8192. Arizona: Loans made pursuant to Arizona Department of Financial Institutions.

New Mexico: Loans made pursuant to New Mexico Regulation and Licensing Department Financial Institutions Division Small Loan Company License. Small Loan License 02069

*Credit approval is subject to Trading Financial Credit, LLC credit criteria standards. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by applicant. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

*Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 5PM PST on a business day.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.