When you are struggling hard with your financial issues, you need to find a quick solution as soon as possible. Bad credit car loans Mississauga can be the perfect solution for anyone who experiences an unexpected need to access fast emergency cash. No matter what the reason, all you need is a fully owned car and the car title as collateral for the loan. The car title must be lien free.
When applying for Bad credit car loans Mississauga
Your fully owned car as collateral will be inspected and appraised by the lender for its true market value. This value determines what loan amount you can borrow. The car title must be lien free because this is the collateral that will be left with the lender so lien can be registered on it. The lien is removed when the loan is fully repaid.
The only requirements for the loan application
Bad credit car loans Mississauga only require the following for your loan application:
- The car itself for inspection and appraisal to determine its true market value for the loan amount.
- The lien-free car title.
- A valid driver’s license.
- Proof of permanent residence.
Important facts to consider as well
- Car title loans get approved in one hour because no credit checks are necessary. The loan is approved even if you have bad credit.
- The interest rate is the lowest because much lower interest rate can be offered versus the closest competitors. Payments can be as low as $97 per month.
- Payment terms are the longest up to 4 years.
Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company have been helping individuals with their finances offering Bad credit car title loans in Mississauga. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.