Those who own their car-free are clear are the ones eligible to apply for a pink slip loan. Owning a car-free and clear means there is no money being owed on the car, that is the car has equity. Another important criterion that qualifies a borrower for a pink slip loan is that the pink slip must be in the name of the borrower.
The pink slip here is going to serve as collateral, we will take possession of the pink slip during the period you are paying off the loan and as soon as the loan is fully paid off, we will return the pink slip to the borrower.
You can still qualify for a pink slip loan despite your bad credit. This is because at TFC we do not evaluate our tfc
customers based on their credit rating. Your capacity or ability to pay back the loan by having a steady source of income. This is why all credit types can qualify for a pink slip loan at TFC Title loans
How Much Can I Get with Pink Slip Loans?
The loan amount you can get depends on the current market value of your car. We make use of the Kelly Blue Book to evaluate the current market value of your car. You will be able to borrow as much as 50% of your car equity.
You can even get more than 50% depending on your ability or capacity to repay the loan near me. you apply for a car title loan
is the value of your car, and they look out to see if you have the capacity to pay back the loan.