You even get to keep driving your car
For collateral bad credit loans the lender only needs to hold on to the car title that serves as collateral. The borrower can continue driving and using the car while repaying the loan.
Loan approval in just one hour
Unsecured bank loans and short term loans may take days for approval and processing and more days just to release the loan funds. Collateral vehicle title loans are verified and approved in one hour. All that is needed is the car for inspection and appraisal, the lien free car title, a valid driver’s license, and proof of permanent residence.
No credit checks
No credit check title loans are secured loans because of the collateral. They have a lower risk factor for both lender and borrower. No credit checks are needed and loans are approved even if the borrower is suffering from bad credit or no credit. You can borrow up to $25,000 based on the car’s true market value.
Low interest rates and better payment terms
Collateral auto title loans carry the lowest interest rates in the whole lending industry. This means you can pay as low as $97 per month. Payment terms are the longest and most flexible ever. No early payment penalty will be charged if the loan is paid off early.
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.