How Do You Get Credit
or Improve Credit Rating with a Car Title Loan?
Get Credit Online – Not that Difficult as You May Think It Is!
The fact is that although we talk about credit history and a credit record there is no one place where that record can be found and no one clear formula used for calculating that record. Experts estimate that it takes about six months normal credit operations – receiving and paying bills – to establish a credit history but different banks, retailers, credit card companies have their own formulae – probably all fairly similar – by which they make the calculation.
In short, lenders want to know how much of a risk they are taking in lending you money. To work that out they look at how many debts you have, what the totals are and your track record for repayment.
Loan for Bad Credit!
Now one of the great features about car title loans is that they provide credit for bad credit and that title loan companies do not ask about (or indeed need to know about) whatever credit problems you may have had with banks, credit cards, etc in the past. That is because a car title loan is essentially an equity loan – we use the unexpired equity on a privately owned motor car as the collateral for the loans we offer. These loans range from $2600 right up to $20,000 and may be used for any purpose whatsoever.
Now the quality that all the various credit authorities are eagerly seeking for is dependability. They want to be reassured that people who take out a loan whatever it may be will repay instalments in full and on time. Short and/or infrequent payments, money outstanding, money never repaid or paid well past the nominated date are the glitches which can cause consumers enormous problems and lead to those embarrassing turn-downs whether delivered in person, through the mail or online.
Selecting the Money Lender that Fits Your Needs!
When you deal with a car title loan company, you have the knowledge that here is a lending organisation that really wants to assist you. You’ll notice that at once when you pick up the phone and dial our offices. You can expect to be offered a loan, as quickly as we can and with affordable rates – plus a loan repayment schedule drawn up to suit your budget. The moral is – get your loan, use it to your best advantage and by paying back promptly, help yourself to a stronger credit profile in the future.
*EFFECTIVE 8/22/16 , MONTANA CAPITAL WILL BE FUNDING NEW LOANS FOR QUALIFYING APPLICANTS WHO ARE SEEKING LOANS FROM 5 STAR LOANS, 5 STAR LOANS WILL NO LONGER OFFER NEW LOANS OR REFINANCE EXISTING LOANS, AND ALL CALLS TO (888) 309-0994 WILL BE TRANSFERRED TO MONTANA CAPITAL FOR RESPONSE.