There are three major benefits that works to the borrower’s advantage when getting a collateral vehicle title loan.
Credit checks definitely not necessary
If your credit report is really that bad, unsecured loans will deny the loan. When you apply for collateral vehicle title loans, no credit checks are necessary because regardless of your credit rating, the loan is already secured by the collateral, which is your car and car title, so long as the car is fully owned and paid for and no liens are outstanding on the car title.
Very few requirements
A great advantage with collateral car title loans is that you don’t need to submit so many documents for the loan approval. As long as the car title is lien free, have proof of permanent residence, have a valid driver’s license, and willing to submit the car for inspection and appraisal, the loan will be approved in one hour. The best part is that you can continue using the vehicle while paying off the loan.
Low interest rates
Once the loan is approved in one hour, you get your money on the same day as the approval. Interest rates are also the lowest for no credit check title loans in the whole 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 1-855-653-5451 and apply now. You can even apply online.