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Title loans are a welcome addition to the lending industry. They’ve given consumers another option to fall back on if they find themselves in an emergency. However, this is a loan you should only consider after you’ve exhausted other options as you’ll be borrowing against your car equity Nanaimo British Columbia. Think about these key details first before getting a loan:

3 Factors to Consider Before Getting a Title Loan

  • Interest Rates: The percentage the lender will give you will have a major impact on the total cost of your debt. High rates mean you might end up paying more than what you’ve borrowed. Find out what’s the typical interest rate for a poor credit car loan first to see if you can afford it.
  • Repayment Options: It’s also a good idea to check how flexible the lending company is. Is the lender open to you paying more when you have extra money? Doing this means you can finish paying back the loan faster. You’ll save more on interest rates too.
  • Customer Service: A lot of borrowers don’t think it’s important, but you’ll soon change your mind when you have questions. You don’t want to be in a situation where you need answers or assistance and there’s no one from the lending company to help you. Plus, good customer service is the hallmark of a reliable company.

Faster than the Competition

No other company can provide you with the services Canada Car Cash has. The company specializes in title loans, so they can lend you more money. Their interest rates are 70% lower than other companies and they offer affordable monthly payments. You don’t even have to worry about credit checks o employment requirements. Log on to their website to apply or call their toll-free number at 1-844-598-7631.

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