No other issue has dominated the news like COVID-19. While the initial focus was on how the virus spreads, it quickly turned to the financial aspect as the global supply chain was disrupted, businesses had to close, and people were asked to remain indoors. While government assistance is enough for some, others need more. But with the current restrictions, people are wondering if lenders are still offering car finance Calgary Alberta?
Are Title Loan Companies Operating?
Yes, most lending companies are still open to the public as they’re considered essential businesses. People who are struggling financially can still turn to car collateral loans during this time. They’re a good alternative for those who don’t have an emergency fund or have their salaries reduced due to limited work hours.
There are also several reasons why getting a title loan today is a sensible idea. For one, the repayment period is more flexible. A lot of companies offering this secured loan have postponed initial monthly payments for at least three months. This allows the borrower enough time to either find a new income stream or rebuild their finances. Some companies have also reduced their interest rates. And since you’re putting up collateral, you don’t have to worry about your credit score.
The Number One in the Industry
Need more money? Canada Car Cash can help you during your time of need. The company specializes in title loans and can offer more than other lenders. Their interest rates are also 70% lower than their rivals and they offer extended loan terms. Their fast approval process means you can get the funds you need within 24 hours while keeping your car with you. Log on to their website to apply. You can also call their toll-free number at 1-844-598-7631.
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