What Is A Pink Slip Loan?

If you are in a bind and need cash fast, pink slip loans might be the perfect option.  You can secure a loan even if you have very bad credit with little more than the pink slip to your car, and you can keep driving as long as you pay the loan off as agreed.  In fact, you can get the cash you need in as little as one hour as long as the wholesale value of your vehicle is at least $5,000 or more.

There are many benefits to pink slip loans if you have found yourself in an emergency situation that requires speedy financial assistance.  The interest rates are lower than unsecured subprime loans for starters.  You also have as many as 36 months to pay off the loan with no prepayment penalties so you can arrange a payment plan that won’t leave you back in the same situation in need of cash.  And unlike loans from banks and other traditional financial institutions, you don’t need a great credit score to qualify.

In order to secure one of these pink slip loans you must have a vehicle that is registered in your name with the original title or original notarized lien satisfied and a valid driver’s license.  You must also provide your social security card, most recent paycheck stub, an extra set of keys to the vehicle, proof of full coverage insurance, six references and the name and address of your landlord or mortgage company.  Copies of your entire home phone bill, cell phone bill and utility bill may also be required. As long as you make the payments that were agreed upon in the pink slip loans contract, your title (or pink slip) will be returned to you at the end of the repayment term.  Getting pink slip loans is easy and fast so you can get the cash you need and get on with your life.