Can You Use An Auto Title Loan To Clean Up Your Credit?

There are times in life when you need cash quickly and there are no easy ways to obtain the cash. You may have a leaky roof in the winter, your furnace may go out, or you may be involved in an accident, hospitalized, or dealing with a death of a loved one. There are all types of situations that require that you have money. If your credit score is not good, you may need to depend on an auto title loan to help you out during your struggle. These funds are available quickly and usually with ease.

There are several reasons why you may find your credit score is not very good. You may have gotten behind on your mortgage payment or went over on your credit card balance and can’t pay them in time. You may have had a bankruptcy on your credit report or you may simply be living way beyond your means. However, you may also have an error on your report that someone placed accidentally or you may be a victim of identity theft. Regardless of your reason, you need to make sure that you know what your score is on occasion.

You can’t control that someone stole your identity or that a report was issued incorrectly causing your credit score to decrease however there are things that you can fix. For example, you may have had a repossession or gotten behind on a mortgage payment or two, but you can straighten it up by preventing further reports to go incorrect or to have any payments made late.

When you are ready to obtain a loan, request a copy of your credit report so you will have a good understanding of your credit score and you can work to improve it. There are three of the most common credit reporting agencies that will report your credit, good or bad. One report can go onto all three reports. You have the right to one credit report for free each year. You also have the right to challenge anything reported on your credit report that you do not agree to.

In order to obtain your report, you will need to request a copy of your report by sending a letter to the agency. Once they receive your request, they will mail you a copy of your report which will be good for one year. Any agency can report a debt to your credit report at any time during the year.