A collateral vehicle title loan is a way to get out of problems and emergencies that involve money.
Your car is the collateral for the loan
In order to apply for collateral vehicle title loans, you need to be sure that your car is fully owned and fully paid up. Also make sure the car title is lien free. When you take out a collateral car title loan, you basically put your car and car title up as collateral. The big benefit to this is that you can still use the car because all you leave with the lender is the car title and during the time the loan is being repaid. Once the loan is paid off, the lender returns the car title.
Bad credit or no credit will never matter
When you put the collateral, no credit checks are necessary. The car title serves as enough collateral. Generally, you will have a set term once the loan is approved. Loan payment terms usually range up to 5 years. Interest rates are also the lowest in the whole lending industry and when compared to unsecured loans or short term loans. Payments for no credit check title loans can be as low as $97 per month.
All the requirements needed
All you need to present is the lien free car title, a valid driver’s license, and proof of permanent residence, and in one hour collateral car title loans are approved. Of course, you need to bring in the car for inspection and appraisal for loan amount that can be as much as $35,000.
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.