Even if your credit rating is bad, you can still apply for collateral quick cash loans. This type of loan is now increasing in popularity because of the low interest rates, flexible terms, and the ease of applying.
You only need a fully owned car as collateral
Because of financial emergencies, this loan has the best option for many people. The only collateral you need to qualify for the loan is a fully owned car and its lien free car title. The car will be inspected and appraised for its true market value to determine the loan amount. As much as $25,000 can be borrowed based on this.
No credit checks need to be done
Aside from the fact that collateral car title loans do not need credit checks since credit ratings will not matter in the loan approval, the interest rates are the lowest in the whole lending industry. Payments can be as low as $97 per month.
The loan is already secured by the collateral
Another big attraction is the fact that no credit check title loans offer the most flexible payment terms. These terms are the longest and most flexible ever. No early payment penalties will be charged if the loan is paid off early. All the lender needs to submit to have the loan approved in one hour 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.o