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The speed that auto title loans have gained popularity and acceptance is astounding. Despite that, there are still a lot of questions about it and many people remain mystified about what makes a car pawn loan Toronto Ontario tick. This article will attempt to shed light on this mystery.
What Makes Title Loans Attractive?
- Minimal Requirements: You don’t have to slog through countless documents with a title loan. Most lending companies only require the borrower to present valid IDs, the car’s title, proof of income, proof of residence, and insurance papers.
- Simple and Fast Application Process: There’s no need to jump through hoops with a car equity loan. The application form can be filled up in minutes, with approval secured in 15 minutes to an hour. You can expect to receive your money within 24 hours.
- Credit Score Not a Factor: Anyone can apply for this loan, regardless of their credit score, credit history, or employment status. While lenders might look into them, they have minimal impact on loan approval since the borrower has pledged collateral.
- Continued Car Use: Putting up your car as security for this loan doesn’t mean you can’t use it anymore. Your car remains with you even while the loan is active. What you will surrender to the lender is the car’s title.
Trusted Car Loan Expert
Borrowers know they’re in capable hands with Canada Car Cash. The company specializes in title loans and can offer more money than other lenders. Their interest rates are 70% lower and they are known for having the lowest monthly payments too. You don’t even have to undergo credit or employment checks. Plus, you can get the money you need within the day. Sign up on their website or call their toll-free number at 1-844-586-6311.
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