Desperate borrowers who can’t loan because of bad credit can use a fully owned car as collateral when applying for collateral car loans.
The success of collateral vehicle title loans
Interest rates are the lowest in the whole lending industry and much lower than even the cheapest short term loan or unsecured bank loan. Payments can be as low as $97 per month. But then, unsecured bank loans or short term loans are never cheap coming in at 150% interest.
The dangers of applying for short term loans or unsecured bank loans
In truth, short term loans and unsecured bank loans are often issued at 150% interest per month. In short, monthly payments are really high. This is a far cry from the lowest interest rates of collateral car title loans with loan repayment terms that are the longest and most flexible ever.
The benefits of getting a collateral title loan
Generally, borrowers can borrow from the appraised true market value of their car, so long as they can prove that they clearly own the car and the car title is lien free. Another great benefit of no credit check title loans is that lenders don’t make any assessment based on the borrower’s credit rating. In fact, lenders don’t run credit checks. This is because the loan is completely 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 1-855-653-5451 and apply now. You can even apply online.