Will An Auto Title Loan Affect My Credit in Ohio?
But if you have bad credit, getting an auto title loan in Ohio, is an excellent way for you to get the emergency money that you need, regardless of your credit score.
Will an Ohio title loan affect your credit score after you get one? Your credit score can be effective in a positive way and in a negative way with your car title loan in Ohio.
Your Credit With Title Loans in Ohio
FICO uses the five major factors to calculate credit:
- Payment History is the most important factor with 35% given to it.
- The amount owed, your account balances, 30%.
- Credit History is given 15%.
- New Credit, 10%
- Type of Credit 10%
Title Loans in Ohio Can Help Your Credit Score
Once you have been approved for your car title loan in Ohio, it will be reported as a new credit line on your credit report, and as you make your monthly payments, you will pay down your title loan and those consistent payments will improve your payment history.
We have the largest network of bad credit title loan companies in Ohio, and we will refer you to the one that is the best fit for you. we will help you to choose the right company for you, and get you the emergency money that you need.
You can apply online for an Ohio title loan with us, the whole process can be done completely online. We can wire the money directly into your bank account, or you can pick up a check, or go to the closest MoneyGram to pick up your money.
We will get you the lowest monthly payments, we will make sure that you get the best interest rate, and the terms of the loan can go from 24 months to 48 months, so the payments will be affordable.
There will be no prepayment penalties, so even though the title loan term is long, you can pay it off whenever you want. You can get an Ohio title loan with an older car, as long as it still has enough value in it.
Auto Title Loans in Ohio
TFC Title Loans are flexible in the documents and the proof of income that is required, we will make it as easy as possible for you to qualify for your title loan in Ohio.
There is no need for an in-person vehicle inspection, the vehicle inspection can be done by supplying detailed photos of your car, so there will be no need to go to a local title loan office.
With our process, we make it as easy as possible, you can see an auto title loan in Ohio can affect your credit score, and we can get you the same-day title loan in Ohio that you need, contact us today, and we are here for you, we have been helping people use the equity in their cars since 1994.
We can help you to get car title loans in Ohio with different vehicles, we can help you with commercial vehicles, motorcycles, RVs, trucks, and cars.
Contact us today, we will get you the money that you need, with the best terms for you.