Bad Credit Loans Pickering Ontario is Much Better than Any Unsecured or Short Term Loan
Any car that is fully owned with a lien free car title can be the collateral for bad credit loans. No collateral is needed for unsecured or short term loans, but, loan approval will not be given if the borrower has bad credit or none. Taking out a collateral car title loan means the lowest interest rate while other loans have high interest rates.
A collateral vehicle title loan offers more cash and better terms
Collateral car title loans allow people to get more money because the loan amount is determined by the true market value of the car. Since the loan is secured by the collateral, more money can be loaned. Aside from the lowest interest rate, loan payment terms are the longest that can be ever be offered.
Better flexible repayment terms
The most noticeable reason this loan is better than unsecured or short term loans is because of their flexible payment terms. Unsecured and short term loans offer only 30 days or 60 days to pay off a loan, a far cry from the terms of up to 4 or 5 years for no credit check title loans.
Collateral vehicle title loans can help you with any financial problem
At the end of the day, there are many reasons to choose a collateral car title loan over unsecured or short term loans. If you are in a situation where you have bad credit and really need emergency cash fast, give this loan a chance to help you.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan more money with less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us at 1-844-598-7631.