Collateral quick cash loans use a car and its corresponding car title as collateral. The lender holds on to the car title while the loan is being repaid. The borrower is allowed to continue using the car while repaying the loan.On the other hand, with car pawns, you are required to bring your car to the pawnbroker and leave it there for the entire time you are paying back your loan.
Credit rating not needed with collateral car title loans
Collateral vehicle title loans don’t need any credit checks for the loan to be approved. It won’t matter even if the borrower has bad credit. The loan is approved in one hour.
The loan process is easy on any borrower
All you need for no credit check title loans is to bring in your car for inspection and appraisal to determine the loan amount from the true market value of the car.
The lowest interest rates and longest repayment terms
With car pawns, interest rates are skyrocket high, and repayment terms are normally from 30 to 60 days only. With collateral auto title loans, interest rates are the lowest in the lending industry and the lowest even when compared to other loans. Payments can be as low as $97 per month. Repayment terms are the longest and most flexible that can ever be offered.
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.