This is why Title Loans in Oak Park invented Quantum Loan Technology. This new technology allows borrowers to apply for up to $4000 in cash and get approved in the comfort and privacy of their homes, simply by applying on the website, http://www.maxcashtitleloans.com/
The people at Title Loans in Oak Park know that people with bad credit or no credit are craving title loans just as much as people with good credit. This is why they offer bad and no credit lending. There is a preliminary credit check, but that is just to ensure that you are not in active bankruptcy.
Borrowers with bad and no credit get approved all the time because the approval process is based on the equity of your vehicle, rather than your credit score. The amount of cash that you can get is dependent on the value of your vehicle, and it is determined by an underwriter after you apply on the website. The amount can range anywhere from a couple hundred dollars up to $4000. http://local.maxcashtitleloans.com/
When it comes to repaying loans, title loans have much less hassle than payday loans or the pawn shop. Most importantly, all the loans at Title Loans in Oak Park are fully amortized. What this means for the customer is that their payments will be the same each month, with a portion of the principle and a bit of interest.
They will continue to make monthly payments until the principle is completely repaid, and when this happens there is no balloon payment with accumulated interest like you would find with payday loans. Additionally, if the customer wishes to repay the loan ahead of schedule, they will not be hit with a prepayment penalty.