The rising popularity of collateral car title loans
Many years back collateral vehicle title loans have been on the rise while short term loans and unsecured loans have been on a downward spiral. This is probably due to the fact that unsecured loans won’t be approved if the borrower has bad credit and both loans offer very high interest rates. Collateral car title loans can very much help borrowers with bad credit or no credit because the secured loan only needs a fully owned car and lien free car title for the loan approval that is given in one hour. Also, borrowers get to keep driving their cars while repaying the loan.
Minimal requirements
The car title needs to be lien free because this is the collateral left with the lender. Other requirements include a valid driver’s license and proof of permanent residence.
Short term lending cannot compare with car title loans
No credit check title loans offer the lowest interest rates in the whole lending industry. Payments can be as low as $97 per month. Repayment terms are the longest you’ll ever be offered with. The lender simply inspects and appraises the car for its true market value so the borrower can borrow as much as $35,000 based on this.
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.