Collateral car loans are the best way to get cash using your car title instead of your credit rating. The size of the loan amount is determined by the vehicle’s true market value.
How to get a collateral vehicle title loan
So long as the borrower has a car that’s fully paid off along with a lien free car title, you can get approved for the loan in just one hour. From start to finish, it only takes about one hour for processing and approval. You get the cash you need on the same day.
The big contrast with unsecured loans or short term loans
Unsecured loans will take up days and even weeks before approving your loan. This is because they need time to check out your credit rating. With collateral car title loans, no credit checks are necessary because whether you have bad credit or no credit, it has no bearing on the loan approval. Short term loans may give you approval in one day and you get the money after a couple of days, but their interest rates are astronomically high.
Other benefits of collateral vehicle title loans
- Absolutely no credit checks.
- Interest rates are the lowest in the lending industry. Payments can be as low as $97 per month
- Loan payment terms are the most flexible with no credit check title loans.
- You get to keep driving your car.
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.