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Published on Apr 19, 2014
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If you've filed for bankruptcy, your credit rating has probably taken a nosedive. A bankruptcy can stay on your credit report for up to ten years and lower your score by 160 to 220 points. In these times of tight credit, that creates getting a loan very difficult.
Now this is my opinion and you are planning to do what you are likely to do but I am hoping that before you decide to getting loans on car titles, you'll think & act responsibly with your credit. So i thought i'd create this short article and let you know there is certainly hope for you & your needs.
Car title loans are simple to apply for on the internet and, being low-risk investments for lenders, auto equity loans will be more readily available at a significantly less expensive than other short term sources. Instead of paying out often the value of the debt in rates of interest, because you would using a credit card or pay day loan, you should use car title loans like a reliable, inexpensive, and stress-free source of temporary funds that'll be simple, easy, and painless to settle.
The main thing you'll want to apply is a car title - assuming you have a car. This can be advantageous since continue driving the auto. You get the money from the loan, use the auto as collateral, and continue driving it just like normal. It's often a good way to borrow some quick cash. Just remember that you are borrowing the money. You must repay it just like with a bank.