The popularity of title loans brings both advantages and disadvantages. While it makes it easier to look for companies willing to provide assistance based on car equity Saint John New Brunswick, the sheer number of choices also makes it challenging to separate the good lenders from the bad. What you should remember is that there are things a legitimate and reliable lending firm will never do. Here’s three of them:
Things a Good Title Lending Company Doesn’t Do
- Send unsolicited emails or calls. While an email blast or newsletter is a good marketing strategy, legit businesses work from a client list. It means they only send emails or make calls to people who have signed up to receive such calls. Be wary if you receive an email from an unknown sender or calls from a blocked number. They could be a phishing expedition.
- Request for upfront fees via an online payment center. Trustworthy lenders never ask for advance payments. All fees will also be paid through a bank cheque or credit card to ensure transparency. Walk away if the lender is asking for services to be paid in advance and that it should be paid through Western Union or something similar as these could not be traced.
- Boast of having 100% approval. No lender can guarantee a 100% approval rating, and those that do are companies you don’t want to do business with. While car collateral loans have fewer requirements, approval will still depend on numerous factors, so there’s no way of knowing if your application passed.
Same Day Cash
Get your mind off your financial worries with Canada Car Cash. The company offer loans equivalent to a percentage of your collateral. Their interest rates are some of the lowest around and their monthly payments are affordable. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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