Bad credit loans are designed to offer cash to lend on a collateral loan. Things happen in our day to day lives and it’s amazing how in this day and age one quick mistake can leave us with bad credit. What’re we to do when life strikes again and financial institutions simply won’t lend us the cash we need? At West Valley Pawn & Gold, we offer lending that is not based on your credit score. We simply don’t believe that one three digit number should define our entire lives. Therefore, we are happy to offer bad credit loans if you find yourself in this situation.
How Do Bad Credit Loans Work?
What we specialize in is a special type of financial loan known as a collateral loan. This is actually very similar to a car loan or a house mortgage. Most consumers think that these are different, but they simply aren’t. With both a car and home loan, the bank places a lien on your asset until the loan is paid off. This is the protection financial institutions take to ensure that the money loaned is not lost.
The main difference is that a bank loan requires detailed information, employment history and credit ratings. Based on your finances and history they determine whether you qualify for a loan or not and how much.
However, West Valley Pawn & Gold thinks of lending in a different way. We believe that every one should have a chance to get the cash they need and fast! In addition, we are happy to work with you and offer many options to get the cash you need in your hands!
Our bad credit loans are based on the value of your vehicle, not your credit rating. Our secured lending can put cash in your hand today, and let you drive your vehicle while paying off the loan.
Why West Valley Pawn and Gold?
With over a decade of cash loan experience, we’ve been supporting those members of the community with bad credit for well over a decade. We specialize in getting our customers bad credit loans in Phoenix, Goodyear, and Avondale no matter the circumstances at fair and reasonable interest rates.