A bad credit score makes a subprime borrower a high risk borrower with a credit score of less than 650 that is denied by banks and financial institutions.
Fortunately, there are collateral car title loans specializing in subprime borrowers. Loans are approved in one hour even to those with bad credit. Interest rates for these loans are the lowest in the industry and significantly less than those paid for unsecured loans and short term loans.
Your credit report will not matter
No matter what your credit report is or if you don’t have one at all, it will not matter with the loan approval of collateral bad credit loans. These loans are secured since what will matter is the collateral that will cover the loan. The collateral is a fully owned car and its lien free car title. No credit checks need to be done on the borrower.
Make sure that the title lender inspects the collateral
Before the lender approves the loan the car undergoes inspection and appraisal to get the true market value of the car so you have an idea how much you can borrow.
Low interest rates and other benefits
No credit check title loans have the lowest interest rates compared to unsecured loans. Payments can be as low as $97 per month.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the paperwork and get your loan approved in one hour. You only get the best rate and the longest terms. At Car Title Loans Canada, we loan you money based on the value of your vehicle, not your credit score. Call Car Title Loans Canada Toll Free at 1-855-653-5451 and apply now. You can even apply online.