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Car Title Loans Medicine Hat Alberta are Perfect for Borrowers with Bad Credit

Collateral car title loans need no credit checks

Collateral vehicle title loans are secured using a fully owned car and the lien free car title as collateral. These loans have very low interest rates. The lender typically does not do a credit check. This is because the loan is already secured by the collateral. So even if the borrower has bad credit the loan is still approved in just one hour.

Collateral vehicle title loans have the lowest interest

No credit check title loans have the lowest interest rates in the whole lending industry. In fact, much lower interest rate than the competition at any time. Interest rates are also much lower than unsecured bank loans and short term loans because the loan is secured by the collateral.

All you need as collateral is your car title

Aside from the car title that serves as collateral in place of the car itself, there are other things you need to submit. The car has to be inspected and appraised for its true market value for the loan amount that can be as much as $30,000. The borrower continues to use the car while repaying the loan. The borrower also needs to show a valid driver’s license and proof of permanent residence. Loan payment terms for collateral car title loans are the longest and most flexible that can ever be offered.

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 more money with 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 at 1-844-598-7631.