Thanks to title loans, thousands of people with poor credit scores have been able to get financial assistance when they really needed it. But despite its popularity, there are still a lot of misconceptions about bad credit auto loans Charlottetown PEI. This has caused some confusion among potential borrowers and has made them wary of utilizing this loan. It’s in your best interest to learn the truth about title loans so you can make an informed decision.
Facts about Car Pawn Loans
There are several things you should know about title loans, like:
- Your credit score isn’t a big factor. While everyone should strive to maintain a good credit score, it’s not a big factor when it comes to vehicle title loans. Since you’re putting up collateral to cover your loan, lenders are not all that fussed about your credit score as long as you have a lien-free title in your name.
- Guaranteed fast approval. Their streamlined application and fast approval process are what sets title lending companies apart from conventional lenders. It’s also why this type of loan has become so attractive to countless consumers. With this type of fast loan, you can get the money you need in less than 24 hours.
- You can get a substantial loan. Your loan will depend on a number of factors, like the condition of the vehicle and its make and model. The lender’s assessment of your vehicle will also determine how much you can borrow. However, companies that specialize or only offer title loans can give you more money.
Trusted Car Loan Expert
Get the financial help you need with Canada Car Cash. The company specializes in title loans, which is how they can provide you with higher loan amounts. Their interest rates are 70% lower than their competitors and they offer loan terms of up to 7 years. Log on to their website to apply online or call their toll-free line at 1-844-598-7631.
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