Not everyone can avail of traditional loans for additional funding. For a large group of people, their only recourse is a car pawn loan Calgary Alberta. While this secured loan is open to everyone, it’s admittedly more suited to certain individuals.
Who are the Ideal Candidates for Title Loans?
- People Who Prefer Short-Term Loans: Title loans are a good choice for people who don’t want to spend years paying off a debt or those who know they have money coming in. Loan terms can be as short as 30 days and as long as four years or more.
- Folks with Low Credit Rating: You would need to have a credit score of 700 or better to qualify for a bank loan. Sadly, a lot of people have trouble maintaining a good credit score, so this avenue is closed to them. That’s not a problem with challenged credit auto loans. Since there’s collateral involved, the borrower’s credit score is not a big factor.
- Individuals Who Want to Avoid High-Interest Rates: Title loans have gained prominence partly due to its affordability. Lenders and borrowers alike enjoy some protection due to the collateral. It allows lending companies to have more leeway in lowering their interest rates. You’ll pay less and be able to save thousands of dollars.
Faster than the Competition
Canada Car Cash is the company to call when you need a fast loan. The company only deals with title loans, allowing them to offer more money than its competitors. They have low-interest rates and borrowers can choose the best payment plan for their situation. Their easy application and quick approval process mean you can get the money you need within the day. Log on to their website to apply. You can also call their toll-free number at 1-844-598-7631.
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