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The past few years have seen bad credit car loans Nanaimo British Columbia slowly gaining acceptance in mainstream society. Millions of people have turned to secured loans during emergencies or when they need cash fast. There are several reasons for that. Here are some of the main ones:

5 Arguments for Getting a Title Loan

  • Fewer requirements and minimal paperwork. Unlike traditional loans, requirements for auto title loans have been pared down to the essentials. These are namely the vehicle’s title of ownership, any government-issued IDs, proof of residence, and if appropriate, proof of income.
  • No credit or employment checks. Since title loans involve collateral, most lenders will eschew credit or employment checks.
  • Fast cash. The approval process in car collateral loans is amazingly fast. This is again due to the collateral offered to the lending company. Since there are fewer things to verify, you can get your money within 24 hours.
  • Low-interest rates: Title lending companies have some degree of security due to the collateral. Since their investment is covered, they can afford to provide low-interest rates.
  • Keep ownership. One of the best arguments for auto title loans is the car’s ownership remains with the borrower. They can even keep using their car for business or to get to work during the loan term.
  • Lenders are content to hold on to the car’s title and a set of keys.

Faster than the Competition

Need money now? Canada Car Cash is more than willing to help. The company offers a percentage of your vehicle’s value as a loan. It also offers low-interest rates and flexible payment plans. You don’t even have to worry about your credit score. Applying for a loan is easy and fast. Just log on to their website and apply. You can even call their toll-free number at 1-844-598-7631.

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