Getting an unsecured bank loan might be difficult due to having bad credit or no credit. Getting a short term loan carries very high interest rates, and the same goes with the former. Good thing the solution to all this is to get collateral car title loans.
A collateral vehicle title loan carries a very simple concept
If the borrower has a fully owned car then this serves as the collateral for the loan and its true market value is assessed for the loan amount. The lien free car title is then handed over to the lender so a lien can be placed on it until the loan is fully repaid. Collateral vehicle title loans pose no threat because much lower interest rate can be offered against the closest competitor. Also no credit checks are ever done.
Loan approval in one hour
No credit check title loans are approved in one hour. As long as the car legally owned by the borrower, the only other checks ever made are on the car title, the validity of the driver’s license, and proof of permanent residence.
Unlike other traditional loans, this loan allows borrowers to get fast cash
Up to $30,000 can be loaned. Borrowers can also choose their flexible loan payment terms and can even pay back the full amount at any time without incurring an early payment penalty. Best of all, the borrower’s car is still in their full possession while repaying the loan.
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.
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