After decades of dominating the lending scene, the age of the abusive unsecured bank loans and short term loans is over with the dominance of collateral car title loans.
As people go through small business cash flow problems, financial emergencies, and unexpected cash problems, they no longer have to turn to short term loans and unsecured bank loans that charge like loan sharks.
The great disadvantages of unsecured bank loans and short term loans
Short term loans and unsecured bank loans are typically doled out with the highest interest rates with very short repayment terms. This is not the case when it comes to collateral vehicle title loans.
The great benefits of collateral car title loans
Collateral car loans have the lowest interest rates in the whole lending industry and the lowest even when compared to unsecured bank loans and short term loans. Payment terms are the most flexible and the longest that can ever be offered. The collateral needed to qualify for the loan is a fully paid for and owned car. Its car title should be lien free.
Lenders don’t check up on a borrower’s credit rating because no credit check title loans are already secured by the collateral. The borrower’s credit rating has no bearing on the loan approval. Loans are approved in just one hour after the car is inspected and appraised for its true market value. This determines the loan amount that can be up to $100,000.
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 you more money with far 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 now toll free at 1-844-598-7631 or apply online.