Everybody knows that applying for a credit card or any kind of secured or unsecured loan hurts your credit score. For each inquiry you make with a bank, you get penalized by seeing your credit score go lower. The same is true for store credit cards, mortgage applications, extensions of your line of credit for an existing credit card, and even a request to buy insurance. It can make you feel hopeless, but you have options.
Besides going to a pawn shop, and giving up the use of the asset you are using as collateral, there is one other way to get quick cash without hurting your credit score. Car title loans are the happy medium here. When you apply for a loan that you want to secure with your car, you won’t need a credit check, and you won’t have to give up your car.
When you apply for a loan from CashPoint, nobody will ask to see a credit report. Instead, the amount that you can get qualified for is solely dependent on the appraised value of your car. This makes it much faster to get cash. The paperwork is minimal, and almost everybody qualifies. All you need is proof of residency, a State issued ID, proof of income, and your clean car title.
Before driving to a car title lender, make sure to call ahead so you bring all the needed documents. There aren’t many, but they are important. To help the loan agent to serve you better, it is best to come prepared. You will find the process fast and easy, and you get to drive off with cash!
