For those with bad credit who are in need of additional funds for a variety of potential reasons, the process can be stressful. Whether you need money for an emergency medical procedure, a period of unemployment or any other reason, you may be worried your bad credit will keep you from getting it.

At 1^st Choice Money Center, we’re here to reassure you that this isn’t the case. We have several bad credit personal loans, title loans and installment loans available for borrowers in this position who may not have the requisite credit needed to get approved for other loan types. Let’s take a look at what each of our primary types does and why it might be the right choice to fill your monetary needs.

Personal Loans

A personal loan is one that’s provided in a lump sum format to the borrower, and the borrower has complete control over what they do with the money. Personal loans can range widely in terms of their value, from lower amounts like $1,000 or even less all the way up to $50,000 in some cases. Several factors play a role in how much you can borrow on a personal loan, including your credit rating.

While a select few personal loans may be secured against collateral, most are not. Rather, they are unsecured loans based on your word and the details of your income and other financial areas.

Title Loans

Title loans, also called car title loans, do use collateral: Your vehicle. While you continue to drive the vehicle like normal, you put the title up as collateral against the amount you’re borrowing.

These loans are popular for several reasons, but in large part because they do not utilize credit rating in any way as part of the approval or qualifying process. They can also be approved very quickly in most cases, and can be used for a wide range of monetary needs, even tiny ones in some cases. You can use a car, truck, SUV, RV, ATV or even a motorcycle as collateral for a title loan, and there are even situations where you don’t have to completely own the vehicle.

Installment Loans

We also offer installment loans, which differ from personal loans in that you repay them based on a schedule over time rather than in a single lump sum. For those who need a bit more time or may have to take additional steps to recoup the final funds, installment loans are often highly valuable due to their simple scheduling.

For more on great loan options for those with bad credit who need some quick cash, or to learn about any of our alternatives to payday loans, speak to the staff at 1^st Choice Money Center today.