The bank loan versus collateral vehicle title loans
A bank loan will only be approved if your credit history and score is really good. Also you’ll have to contend with high interest rates and very short 30-day terms. With collateral bad credit loans, no credit checks are ever done because the loan is secured by the collateral, which are a fully owned car and its car title. Regardless of your credit standing the loan is approved in one hour.
Consider the worst case scenarios
If you have a paid up car and the car title has no liens on it, then they can be the collateral for collateral car title loans. Just bring in the car for a detailed inspection and appraisal based on its true market value to determine the loan amount. You can borrow up to $25,000. Just show your valid driver’s license and proof of permanent residence and you’re good to go with the loan approval.
The best benefits of all
Best of all, no credit check title loans carry the lowest interest rates in the lending industry. Payments can be as low as $97 per month. Loan payment terms are the longest and most flexible as well. When compared to unsecured loans and short terms loans, collateral auto title loans will always emerge the winner for bad credit loans.
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.