When faced with dire financial straits you can use the equity on your fully owned car to get a collateral car title loan.
Equity is simply the true market value of your fully owned car. It is this equity that becomes the loan amount that is given to you in one hour after your loan is approved also in one hour. Just make sure the car title is lien free.
Your asset is also your collateral
Collateral is an asset or something of value for the lender that you allow the lender to have a claim on. Your car and the lien free car title becomes the collateral for bad credit loans. All you leave with the lender as collateral is the car title as you can continue using and driving your car while repaying the loan during the long and flexible loan term. You can borrow up to $25,000.
Very low interest rates
Interest rates for collateral car title loans are the lowest in the lending industry and when compared to unsecured loans or short term loans. Payments can be as low as $97 per month. Credit checks are never done for the loan approval of no credit check title loans. Should the borrower pay off the loan early, no early payment penalty charges will be paid and the loan carries no prepayment fees of any kind.
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.