How can I get a loan on my car from a reputable bank?
A web user asks, I lost my job, I am behind on my rent, and my credit is extremely bad due to a divorce. I am trying to find a way to get a lien on my car, which I have clear title to, for one third it’s value. I know there are auto title loan companies that do this, however I’ve researched and found out they are extremely high interest rates (300%apr on average), they don’t offer enough to get me out of debt, and they usually end in repossession of the vehicle. How can I get a secured loan from a reputable bank using my car as collateral?
Can you help them out? Post your advice!
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Poor credit car loans have been specifically designed for those people who have trouble getting credit due to their credit score being too low, if your credit score is too low then you will be seen as a huge risk and as such the lender will not take a chance on you and so turn you down. You can bring your credit rating back up by doing certainwebsite will also be able to offer you the best advice. However unless you know something about car loans and in particular what to look for when it comes to getting a poor credit car loan then you could end up paying way over the odds for the privilege of getting the loan.
I found interesting information about your answer & THE BEST car loans options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/car-loans.html
Good luck!