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Loan Options for People with Bad Credit

The Best Loans for Bad Credit From Select Title Loans in Florence, AL

loans for people with bad credit

In these times of financial uncertainty, many families don’t have enough saved up to meet sudden emergencies that may arise. According to NerdWallet, to avoid financial ruin, each family’s emergency fund should have enough to cover three to six months’ worth of expenses. Many families are living paycheck to paycheck and cannot afford to set aside that much.

When a financial crisis arises, the family is forced to rely on credit cards and personal loans to get through the hard times.

However, for many people with poor or nonexistent credit, these options aren’t available. In these situations, no credit check lenders, such as Select Title Loans in Alabama, are indispensable. We offer two options for those who are in a bind and need money fast. These two options are the best loans for bad credit that a consumer can find. Not only is approval quick and easy, but best of all, you won’t further damage your credit by obtaining these loans. They’re not reflected on your credit report, and we don’t report to credit bureaus.

Getting a Title Loan

A title loan falls under the umbrella of a short-term loan. Title loans allow you to leverage your ownership of an automobile to help you secure a quick, hassle-free loan. Any vehicle that is in good working order and doesn’t currently have any liens or payments left can be used. If your title isn’t free and clear, you can often borrow against the equity (the loan amount you’ve paid off) you have in your vehicle. The amount that is available for borrowing will depend on how much your car is worth. Loan amounts usually start from $150 and go up from there. We start you out with a 30-day repayment contract, which can be renewed if you need more time. We can provide this service without actually holding on to your car. We only hold on to the car title itself as collateral. That means you can receive the loan, while still using the car for your normal daily needs.

As far as bad credit loans go, this is a win-win situation for the consumer. Our application process is smooth and straightforward. All you have to do is bring your photo ID and car title to our location and fill out the information form. There is no nerve-wracking credit check and the fear of getting declined. As long as you have a qualifying car and are 19 or older, you will be approved. We can process most applications within 20 minutes.

To make the process even more comfortable, we also have a convenient online application that can be filled out before you even enter our office. We make sure you fully understand all the terms and conditions before you accept the loan. This helps avoid borrower’s remorse. After you have repaid the loan, we return your title to you and you have weathered that emergency.

Obtaining a Check Advance

Besides title loans, we also offer payday loans. For those who don’t have a qualifying automobile or do not want to use their vehicle as collateral, check advances can be the answer. These types of loans also require no credit check. To apply for this type of loan, you have to be able to prove your sources of income and steady work history. Usually, this can be done using your pay stubs from your job. You’ll need to show that you’ll be able to pay us back within the time allotted using your work income. You write us a check for the loan amount, plus our processing fee. We give you the loan amount in cash. We hold on to the check, which we can cash if needed to recover our money. If you repay the loan as promised, we give you back your check uncashed. You can also instruct us to cash the check rather than going through the inconvenience of obtaining the cash to repay us.

As with the title loans, processing of your application is quick and easy and can be started online before finalizing in person. Bring your photo ID, pay stubs, a recent bank statement from an active checking account, and a blank check.

Now that you know about Select Title Loans in Alabama, you no longer have to fear that unexpected home repair, medical emergency, or any other financial surprise. We’ll help you through these stressful times. Our team is here to help you with your loan needs when you don’t have any other options available to you. Come down to our office at 1203 N. Wood Avenue, Florence, Alabama, and let us take care of you with our prompt, professional service.


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1203 N. Wood Ave.
Florence, AL 35630
Phone: (256) 767-2100

Mon – Friday 10AM – 6PM
Saturday 9AM – 2PM