About 16% of Americans have very poor credit, and many more have below-average credit. A low credit score limits your borrowing options, making it difficult to buy a car or a home, finance a car or get a loan for school.
Title loans near me are one option for getting a loan without good credit. To get a title loan, you use your car as collateral. The lender gives you a loan based on the value of your car, and you keep driving your car while making monthly payments.
A payday loan is a short-term loan with a high-interest rate based on a borrower’s income and credit score. Its principal is based on the borrower’s next paycheck. To qualify for a payday loan, you must show income proof and have an active checking account.
A pawn shop loan is a type of collateral loan in which the lender uses the borrower’s personal property as collateral for the loan. The item is stored at the pawn shop until the loan is repaid, at which point the borrower can retrieve the property.
Lending Club is one of many online peer-to-peer lending platforms that connects borrowers with investors willing to fund their loans. To qualify for a loan from Lending Club, you must have a fair credit score and a steady income.