In today’s turbulent financial world, there’s nothing more important than having a good credit score. The difference between a strong and weak credit score can determine anything from your mortgage rate to car payments. It can become a vicious cycle where you’re less and less able to pay back your debt because of the penalties incurred from having a low credit score.

What causes a low credit score? Credit cards are often one of the primary reasons people suffer damage to their credit score. A single late payment can chip away at your credit score faster than you’d think. Unfortunately, because of the realities of the world we live in, there often isn’t another option for dealing with emergencies or unexpected expenses than to swipe a credit card.

Or is there? One option people are increasingly turning to for help rehabilitating their credit score is title loans. But how can a car title loan help with your credit score?

You Don’t Have to Depend on Credit Cards for Emergencies

Part of the reason credit cards are used so commonly is the convenience, especially when facing something like an unexpected cash emergency. When time is of the essence, you don’t want to have to stop and try to figure out where you’re going to get money from. But the speed with which you may be able to take out a car title loan makes them a convenient alternative to credit cards. Title loans often take as little as thirty minutes from start to finish to get the extra cash you need.

Having another option besides credit cards for sudden expenses means you’ll be able to make more strategic and calculated decisions when it comes to risking any damage to your credit score.

Title Loans Are Credit Score Neutral

What does it mean to be “credit score neutral?” Simply put, title loan providers accept all credit scores because the value of the loan is secured by the title of your vehicle, meaning the business doesn’t have to depend on your credit score to secure the loan. They never check your score during the approval process or report to the credit agencies.

This aspect of title loans gives you a way of dealing with your financial situation that won’t impact your credit score one way or another.

Title Loans Can Be Used to Pay Off Debt

Should you need to, you can actually pay off an overdue credit card or other debt with a title loan. Doing so means that instead of that debt hurting your credit score while you work to pay it off, you can instead pay it off in your own time without it impacting your credit score while you do so.

It’s already a common technique to juggle interest rates between different credit cards: a title loan gives you an extra tool to bring to the table and one that doesn’t affect your credit score in any way at all.