Collateral fast cash loans are for people who have bad credit and so can’t apply for unsecured bank loans because they won’t be approved. A bad credit score usually identifies a subprime borrower. Fortunately, this loan specializes in serving subprime borrowers.
Your credit rating will not matter
No matter what your credit rating is, or even if you don’t have any credit at all, it will not matter when applying for collateral car title loans. For one, this loan is secured since what matters is the collateral that covers the loan. This collateral is a fully owned car and lien free car title. The car title needs to be lien free because a lien will be placed on the title by the lender.
Make sure of the true market value
Before the lender approves no credit check title loans, the car must undergo inspection and appraisal to determine the true market value for the loan amount. Based on this the loan amount can be as much as $25,000. The borrower then only needs to show a valid driver’s license and any proof of permanent residence, and the loan is approved in one hour. The loan amount is released on the same day.
Low interest with high payment terms
Surprisingly, interest rates for subprime borrowers are the lowest in the industry and significantly lower than those paid by prime borrowers. In fact, lenders can offer much lower interest rates than any competitor out there. 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 1-866-973-5214 and apply now. You can even apply online.