Fox Title Loan CEO Announces Increased Effort to Provide Access to Loans to Customers With Bad Credit
Los Angeles, California (PRWEB)
January 30, 2015
In light of a new report cited by the Washington Post which places 56% of American consumers in the “subprime credit rating” category, Fox Title Loan CEO David Barahmand has announced that the company will redouble its efforts to provide financial products and loan solutions on it. new majority largely excluded from traditional banking solutions.
“Because one bad decision can affect a person’s credit rating for years to come, it may not even be a good indicator of their current ability to repay a loan,” said Barahmand. “Title loans are backed by collateral, which allows clients with bad credit to obtain loans with almost all credit out of the equation.”
The majority of Fox Title Loan customers are people looking for a title loan in Los Angeles to help pay unexpected bills before they pile up. Having a bad credit rating not only makes it difficult to obtain a standard-sized bank loan, but it is also very difficult to qualify for a credit card. While many people would simply charge an overdue bill on a credit card until they have the money to pay it, many of the 56% of Americans with subprime credit don’t have that option. and they find Van Nuys auto title loans their best option when they need to make the necessary payments.
Since 2011, Fox Title Loans has provided auto title loans to residents of Oxnard and Van Nuys who find themselves stuck in a difficult situation. If you need cash quickly, feel free to call Fox Title Loans at 1 (818) 646-0711 or visit them online at FoxTitleLoans.com.
Source: Fox Securities Lending
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