California Car Title Loans Responds to USA Today Article about the Erroneous Credit Reporting System

Americans believe that the credit reporting system is erroneous; California Car Title Loans helps those with poor credit obtain a good credit score again.

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California (PRWEB) April 03, 2013

USA Today recently highlighted how many Americans believe the credit reporting system is erroneous and altogether too powerful for today’s society. Amongst the many flaws, it takes much more time and effort to fix one’s credit than damage it. People who try to rebuild their score to a point where they have the freedom to take out bank loans and rent apartments find the process slow and difficult. California Car Title Loans responds to both the need for bad credit loans and ways to improve credit with a service that kills two birds with one stone.

The car title loan company states that this article demonstrates exactly why they offer the services they do. Auto title loans offer people a way to take out loans despite having bad or no credit. The amount of money someone receives is dependent upon vehicle value, not credit history, so credit checks are not an issue. In this way, those who need a bit of extra money in their pocket can get the financial boost they seek.

The loan service also allows individuals a chance to build up credit. When one takes out a car title loan, he or she can build up his or her credit score by paying back the loan on time. Many customers even take out a second loan once they’ve completely paid off the first loan and use this technique to build up their credit score.

The company agrees with the article in that another way to improve credit scores is simply by checking one’s own credit score for errors. Oftentimes someone’s score is lowered from unintentional mistakes, and by catching mistakes and disputing them with the credit bureau one can raise his or her score significantly. However, sometimes that is not enough for struggling consumers.

Credit scoring is not going away anytime soon as it offers lenders an unbiased guide to follow when selecting borrowers. Taking out a loan with California Car Title Loans is one way someone can borrow money with bad credit while improving his or her score for the future.


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