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Will Bad Credit Stop Me From Getting a Loan?

If you’re facing a tough financial emergency, you may feel stuck.  Sometimes a bill or expense will hit us from out of nowhere. It may seem like there may be no viable way to get back on your feet.

However, all is not necessarily lost! In order to get a financial leg up, consider acquiring a loan through the services of Max Cash.com. We may be just what the doctor ordered – even if you currently have bad credit.

Will Bad Credit Stop Me from Getting a Loan with Max Cash?

If you want to apply for a personal loan, you may be worried about your credit history. Bad credit may not be an issue if you are seeking a loan with the help of Max Cash.5

A credit check is a part of the approval process for a loan. However, it may not prevent you from qualifying. It is done to see if you have declared bankruptcy in the past. Or, sometimes it is done to see if you are currently in active credit counseling.

That said, many of the lenders that Max Cash does business with understand that your present financial problems are the reason why you might need a loan.5 The lenders we have formed relationships with may not let your current credit score be the deciding factor of whether or not you are granted approval.5

At Max Cash, we want our customers to be able to get the financial help they need when they need it.5 We work hard to make sure you get back on the path to financial success.

Proof of Income

You must provide proof of income during a loan inquiry. This is to show a lender that you can reasonably repay the loan!

As long as you are able to show you have a steady source of income to repay the loan obtained through Max Cash, having a good credit score is not vital.5

Proof of income and a vehicle with equity help determine your eligibility for a loan. So bad credit is not always an issue if you are applying for a loan with Max Cash.5

Bad Credit and Vehicle Equity

If a car title loan seems like a right fit for you, you may be wondering how the loan amount is determined. You can still apply for a loan with bad credit! The equity in your vehicle is another key factor in determining whether you will be approved by one of our trustworthy lenders.

If your vehicle is in good shape, is a newer model, and has few miles on its odometer, then several car title loan lenders may feel better and safer about lending to you. From their perspective, they have a noticeably better chance of receiving the borrowed money back if you default on the loan.

The vehicle should be paid off, or close to paid off. Both scenarios will help increase the equity of your vehicle and thus, let you borrow more money.

Talk to a Max Cash Loan Processor

There is a staff of helpful loan processors at Max Cash who are incredibly friendly, knowledgeable, and at ready to give you the professional assistance you need late into the evening. Ask us all of your car title loan—or another loan—questions and don’t be afraid to voice any concerns.

At Max Cash, our number one priority is the customer. We want to make sure we are present for you, as well as the rest of our customers, when you are in need of our loan guidance or services the most.

By Blake Halmerssen

Blake is a seasoned financial analyst. As the head financial writer for the Max Cash blog, he is committed to providing readers with financial literacy and advice.

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