LoanMax Title Loans Talks About Bad Credit Loans in 2015

Dec. 31, 2014 - PRLog -- With the help from LoanMax Title Loans, consumers no longer will find it impossible to qualify for a financial loan.   Since a majority of consumers who are currently seeking loans have bad credit scores, LoanMax lets the loan applicant use their auto titles for fast cash loans. You just need a car that is completely paid off.

There are many advantages that come with obtaining a car title loan, which is why more borrowers are utilizing these loans to fulfill short-term financial needs.

1.       Eliminates credit check

One of the advantages to obtaining a car title loan is that you will not undergo the lengthy, often time consuming process of a credit check.  And if you have bad credit, credit checks can sometimes be embarrassing and uncomfortable.  Rather than credit scores, LoanMax Loan Title looks at the capacity of the applicants to repay the loan in the near future, unlike conventional loan methods of lending where the past financial record is the main factor on whether the loan is approved or denied.

2.       Approvals

Approval rates for bad credit loans are much higher and much quicker.   Within 20 minutes of your arrival at LoanMax, you’ll be leaving with your vehicle and the cash you need.  A loan at Loan Max does not require one or two days of hassle, which is often the case with more traditional loans.

3.       Larger loan amounts

Bad credit loans also have the ability to lend larger amounts in a short span of time because the applicants are repaying in a shorter time frame compared to the lengthy repayment options one would have with a bank or credit union.

About LoanMax Title Loans

For those that need a fast, short-term loan, LoanMax offers instant cash loans on car titles.  Absolutely no credit check is required, making loans possible for those with bad credit scores. All you need is your car title and you’re eligible to receive same day, hassle-free cash for your needs.  And, you keep and continue to drive your car while repaying your loan.  There are 1,000 LoanMax locations in more than twenty states nationwide. For more information on LoanMax Title Loans, visit https://loanmaxtitleloans.net