Many people fear the dread of credit checks if their credit score is low, so this is why collateral quick cash loans are just for these borrowers.
Credit checks are cruel during emergencies
Credit checks are very nasty and won’t differentiate between good lenders and those with emergencies. All that matters in a credit check is the credit score. This is what borrowers for unsecured bank loans and short term loans need to go through. Thus, if you have bad credit or no credit your loan will never be approved.
Collateral vehicle title loans don’t need credit checks
Borrowers of collateral car title loans don’t need to have their credit checked. This is because the loan is already secured by the collateral. All that is needed for loan approval aside from minimal requirements is a fully owned car and a lien free car title. These serve as the collateral though only the car title is left behind with the lender while the loan is being repaid.
Great benefits with minimal requirements
Simply put, to get approved for no credit check title loans, you just need to give the lender the car title as collateral. The loan repayment term is the longest and most flexible. The interest rates are also the lowest in the whole lending industry. Payments can be as low as $97 per month.
- Your vehicle for inspection and appraisal to determine true market value for the loan amount that can be up to $25,000.
- Proof of permanent residence.
- Valid driver’s license.
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.