Car Title Loans For Bad Credit In Wisconsin

Aug. 15, 2013 - PRLog -- A car title loan is a loan for a small amount of money and for a short time. To get a car title loan, a consumer must give the lender the title to their vehicle – for example, their truck, car or motorcycle.  The consumer must also pay the lender a fee to borrow the money which will usually have to be repaid with in 30 days.

Car title loans can be very expensive and the fee can be a lot – sometimes as much as 25% of the amount they borrow.

Consumers might not be able to pay the lender when the money is due. The lender might let them borrow the money for another 30 days. This is called a “rollover,” or “rolling over” the loan. To roll over the loan, the consumer will have to pay another monthly fee.

If the consumer rolls over the loan several times, they might pay a lot to borrow the money. Eventually, they might not be able to repay the lender. If the consumer can't repay the money they owe, the lender can take their vehicle. If the lender takes the consumer's car, they might lose their only transportation. This could make it hard to get to work, school and other places they need to go.

The free consumer organization "Bad Credit MD" is trying to inform consumers about borrowing from "Peer To Peer Lending Groups" as a alternative to a payday loan. These loans range from from $2,000 to $25,000 with a fixed rate much lower than a payday loan and are offered to people with less than perfect credit. Learn more about applying for one of these alternative loans at http://www.badcreditmd.com/unsecured-personal-loans-for-people-with-bad-credit/.

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Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in the state of Wisconsin in the cities of Milwaukee, Washington, Waukesha, Madison, Green Bay, Kenosha, Racine, Appleton, Outagamie, Winnebago, Waukesha, Oshkosh, Eau Claire, West Allis, Janesville, La Crosse, Sheboygan, Wauwatosa, Fond du Lac, Brookfield, Wausau, New Berlin, Beloit, Greenfield, Manitowoc, Franklin, Oak Creek, West Bend, Superior, Stevens Point, Neenah, Mequon, Watertown, Jefferson, Muskego, South Milwaukee, De Pere, Fitchburg, Sun Prairie, Marshfield, Wood, Wisconsin Rapids, Cudahy, Menasha, Winnebago, Middleton, Beaver Dam, Menomonie, Onalaska, Whitewater, Walworth, Glendale, Kaukauna, Chippewa Falls, Two Rivers, River Falls, St. Croix, Oconomowoc, Stoughton, Pewaukee, Marinette, Fort Atkinson, Cedarburg, Waupun, Hartford, Washington, and Monroe.

Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.  Consumers can learn more about "Bad Credit MD" by visiting http://www.badcreditmd.com.