One study revealed that most adults only have a thousand dollars or less in savings. This shocking revelation means any emergency or unexpected expenses can wipe out their savings. Or worse, they won’t have any means to deal with it. It’s a good thing that bad credit loans Kingston Ontario were developed. You can use this secured loan to get cash fast. Here are the key facts you should remember about this loan:
Top Details about Car Equity Loans
- Your credit score isn’t a big factor. These hassle free car loans require borrowers to put up their car as collateral. Its value determines the loan amount and acts as the security. And because there’s a high-value item that covers the loan, the lender can afford to accept all types of applicants, even those with a low credit score or no credit history.
- You can get the cash you need within the day. The presence of collateral also helps speed up the application process since the lending company doesn’t need to do extensive credit checks. The application process is also simplified. You can file everything in a matter of hours and get the cash you need on the same day.
- You should have enough equity in your car. Lenders want collateral that’s lien-free. But they still accept cars that are not completely paid off as long as the value is enough to cover the loan.
The Number One in the Industry
Applying for a loan is easy with Canada Car Cash. This title loan specialist offers more money than other lenders. Our interest rates are 70% lower than their competitors and they have affordable monthly payments. Sign up on our website to apply or call our toll-free number at 1-844-598-7631.
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