Low Fico Borrowers Use Auto Title Loans in Lieu of Traditional Financing

LOS ANGELES, Calif. (December 30, 2012) - Backlash from the 2007 housing bubble is still being felt in the pocket books of average Americans, many who experienced job loss, foreclosure or other personal, financial calamities as a result.

Tarzana, CA (prHWY.com) January 23, 2013 - LOS ANGELES, Calif. (December 30, 2012) - Backlash from the 2007 housing bubble is still being felt in the pocket books of average Americans, many who experienced job loss, foreclosure or other personal, financial calamities as a result.

According to the Fair Isaac Corporation (NYSE: FICO), a leading credit scoring and business consulting firm, 46 percent of all FICO scores were below 700 last year, with nearly 25 percent of all scores falling below 600. As lenders continue to raise the bar to qualify for the lowest interest rates available, auto title loans give many a second chance -- providing access to much-need cash in uncertain times.

"We provide a valuable service to borrowers with less-than-perfect credit who have nowhere else to turn," said Gregory Plotkin, owner of Instant Pink Slip Loans, a Tarzana-based Loan for Title lender. "Banks, credit unions and credit card companies turn them down. They come to us, and we do our best to offer loans that meet their needs."

Title Loan on Car, also known as pink slip loan, is a loan approved using a borrower's car as collateral. Loan amounts are up to 80 percent of the Kelly Blue Book trade-in value of a borrower's car, and repayment terms range from 12 to 44 months.


"We truly are a second-chance lender," Plotkin continues. "There are so many people whose fico scores dipped after losing jobs or due to other circumstances out of their control. With us, a fico score isn't the determining factor."

To apply for Loan for Title, borrowers can call (877) 846-2624 or complete an
application on the company's website:
https://www.instantpinksliploans.com/apply.php. Applications are processed 24 hours a day, and many are approved in as little as 60
seconds.

About Instant Pink Slip Loans:
Instant Pink Slip Loans is an auto title lender serving the residents of California, Arizona,
South Carolina, New Mexico and Georgia. Borrowers enjoy competitive interest rates,
flexible payments and no prepayment penalties on a variety of secured loan portfolio
products. Title Loan on Car is made pursuant to a California Finance Lenders License -- loan amounts may vary.

Media Contact:
Gregory Plotkin
P: (877) 846-2624
Email: InstantPinkSlipLoans@yahoo.com
Address: 18340 Ventura Blvd., Suite 203, Tarzana, California 91356
Tel. No.: 877-846-2624

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Tag Words: cash for car loan

Categories: Business

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For more information about Title Loan on Car please visit instantpinksliploans.com

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