What do you need for collateral car title loans?
In applying for collateral car title loans it will require you to show proof that you are the registered owner of the car and possess the car title. The car and car title serve as collateral for the loan to be approved.
No credit checks needed
Applying for collateral vehicle title loans does not need credit checks and having bad credit does not also disqualify you from getting the loan. These loans cater mainly to individuals with low income or bad credit, and they have much lower interest rates compared to unsecured bank loans. Payments can be as low as $97 per month. Loan repayment terms are also the longest and most flexible ever.
How much can you borrow?
The amount that you get will largely depend on your car’s true market value. This appraisal value is also based on the car’s overall condition, engine performance, what appears on the odometer, and if the car is insured comprehensively or with collision. While repaying no credit check title loans the borrower can still keep and continue using the car because the loan is secured by the collateral.
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.