LOS ANGELES, Calif. (December 20, 2012) - The lending landscape has expanded in recent years to include bad credit loans, payday loans, auto pawn loans, and, now, cash for car loans are gaining in popularity.
(prHWY.com) January 23, 2013 - Tarzana, CA -- LOS ANGELES, Calif. (December 20, 2012) - The lending landscape has expanded in recent years to include bad credit loans, payday loans, auto pawn loans, and, now, cash for car loans are gaining in popularity. However, many are finding it hard to understand the differences.
"It's important for people to know that pink slip loans, also known as car title loans, are loans approved using a borrower's car as collateral," explains Gregory Plotkin, owner of Instant Pink Slip Loans, a Tarzana-based auto title lender. "Final approval is not based on your credit history. It doesn't matter if you've been through a bankruptcy or suffered job loss."
The differences between other bad credit loans and auto title loans are notable. Unlike auto pawn loans where the borrower must forfeit property until the loan is paid in full, loans on car allow borrowers to hold onto their vehicles during the course of loan repayment. Loan terms are often longer (12, 24, 36 and 44 months), which also gives borrowers added flexibility.
While low-fico consumers find it difficult to access traditional lending, cash for car lenders allow customers to borrow up to 80 percent of the Kelly Blue Book trade-in value of their car, resulting in loan amounts ranging from $2,510 to $50,000. "Consumers with bad credit are always looking for lending alternatives, where their credit profile isn't going to be looked at under a microscope," adds Plotkin. "Loans on Car definitely meet with this objective."
To apply for Instant Pink Slip Loans, borrowers can call (877) 846-2624 or complete an application on the company's website:
https://www.instantpinksliploans.com . 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.
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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