Can you get a title loan if you have bad credit and your car was repossessed but you own a business?

Answer 1

If you apply with multiple title loan lenders the odds are high that you will run across scam companies. Some offshore companies have moved from payday loan scams to those that involve the title loan industry. Be careful and always research the company you work with. Find a website or company(like Premier Car Title Loans Online) that lists their contact info on the homepage. Consider what happens when a potential borrower starts filling out online loan applications. His or her information is shared by the credit reporting agencies with outside entities and marketing firms. This practice makes it easy for unsuspecting consumers to become targets of unlicensed lenders. Consumers with bad credit are especially vulnerable because they have limited financing options. Some applicants are desperate to find any lender who will guarantee them a loan. Watch out for unsolicited calls, e-mails, or letters that claim that an approval guarantee for your pink slip. Likewise, if a lender asks for money in advance for “an “application fee,” or for the “first month’s payment,” this is likely a car title loan scam. Most reputable companies will deduct their fees from the actual loan amount that is obtained.

Answer 2

As long as you have a clear title in your name, you can get a Title Loan.