Collateral fast cash loans can use any car or vehicle as collateral. The lender holds on to the car title while the loan is being paid off during the repayment term. The borrower is allowed to continue using and driving the car. Of course, the car title must be completely lien free. This is a great loan to apply for if your credit rating is bad.

The difference with car pawning

With car pawning you are required to bring your car to the pawnbroker and leave it there for the entire time you are paying back your loan. Until your loan is paid back in full, your car is stored away by the pawnbroker. Car pawning also charges very high interest rates and the repayment terms are very short.

The collateral for car title loans is all you need to secure the loan

Any person holding a current car title is eligible to apply for collateral car title loans. The car must be fully paid for and fully owned and the car title must be lien free. All you need to show is your valid driver’s license and proof of permanent residence.

The full benefits of car title loans

Interest rates for no credit check title loans are the lowest in the whole lending industry and the lowest when compared to short term loans or unsecured bank loans. Payment terms are the longest and most flexible. Interest rate for this loan is the lowest in the lending industry. 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.

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