Go for a collateral car title loan that carries less risk and can get you fast emergency cash for those unexpected emergencies.
Collateral car loans are loans that use a fully owned car as collateral. The lender holds on to the car title while the loan is being repaid, and a lien is placed on the title and then removed when the loan is fully repaid. The borrower is allowed to continue using the car while the loan is being repaid.
Credit ratings will not be checked
Collateral vehicle title loans are secured by the collateral so no credit checks are needed for the loan approval. A current car title is eligible as collateral so long as the car title is lien free. Credit ratings will not affect the loan approval no matter how bad the borrower’s credit rating is.
Benefits of collateral car title loans
The interest rates for no credit check title loans are the lowest even when compared to unsecured bank loans and short term loans. It is also the lowest in the whole lending industry. Payments can be as low as $97 per month. Likewise, loan repayment terms are the longest and most flexible ever. All the lender needs to do is to inspect and appraise the car to determine the car’s true market value for the loan amount. The loan amount can be as high as $25,000. All the borrower then needs to show is a valid driver’s license and proof of permanent residence.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the very minimal paperwork and get your loan approved in one hour. You only get the lowest 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.