If you are a car owner in need of ready loan, you can still get one despite bad credit. Many car title loan financers offer loans for car owners with bad credit, no credit and bankruptcies. They do not check credit histories and loan capital based on the value of the cars. Even if you have bad credit, it is still very easy in availing this short-term loan. Things to be done are to give the title of your car and a copy of your keys as collateral for availing the loan. A positive aspect about car title loans is that you get to keep your vehicle.

Car title loans are usually given for a period of 30 days and come with a lot of pay off options. When the loan is payable, the borrower may either pay off his loan and get his title back, or extend the loan for an additional period by paying the interest. You may extend the loan as many times according to your needs. Pay offs can be made at any time of the loan term and most companies do not charge for any prepayment fee or additional charge.

Car companies give out the loan money only after assessing the value of the vehicle. Aspects like the year, make, model and condition of the car are considered during the estimation process. The loan agreement is then made and the borrower gets the money.

Title loans are offered by companies for different vehicles including cars, trucks, vans, motorcycles, boats and others. An important criterion is that the borrower should have clear title of the vehicle. There are also few companies which provide car title loans to pay off existing ones. One can borrow up to 50% and more of the value of one’s vehicle. Bad credit car title loans are wonderful options for the people who have bad credit histories in order to avail money in no time.