Sometimes no matter how prepared we think we are for all our future financial needs, there are times when we are faced with situations where our savings are not enough. One such situation is when a family member suddenly got ill and needs to undergo a medical procedure as soon as possible. Major medical procedures can be quite expensive and not all of us have enough funds for such expenses. A few of us may be lucky enough to have friends or relatives who are willing to lend us the amount that we need. But in most instances, we are forced to find the funds on our own. The common solution for most people is to take out a loan. But for those who have low credit score, this may not be an option since their loan applications are either rejected or will be approved only with huge interest. Some are also not too keen on taking out a loan through traditional financing because of the time it takes for the loan application to be processed. And they are not even sure if their application will be approved or rejected. In emergency situations, where they need to come up with funds as soon as possible, traditional financing may not be suitable for them.
Rapid Auto Loans is a reputable finance company that offers short term cash loans on vehicles. Applicants with bad credit score do not have to worry because credit score is not a condition for approval. Loans will be based on the equity of the vehicle and the applicant’s residence and employment history. Loan applications can be done online and applicants only have to fill out a short form. Payments can be made over a 12 month period. And with online payment option, borrowers are given a more convenient way to pay for their loans.