The clear basics of collateral vehicle title loans
The reasons for getting this loan may vary from an emergency to urgent payments. Collateral Bad Credit loans allow you to loan while still being able to continue using your car. After you have repaid the loan, the car title is returned to you by the lender immediately because this is the collateral that secures the loan. With the loan paid off completely, the lender no longer needs the collateral.
The application process is easy and short.
Applying for Collateral Car Title Loans is very simple and easy because all you need is to bring in the car and car title for inspection and appraisal for its true market value. Submit a valid driver’s license and proof of permanent residence and the whole loan process will take only one hour and you get the loan amount in that same hour. You can loan up to $30,000.
Lenders don’t need to perform credit checks
Credit ratings will not matter since the car is the collateral for the loan and this makes the loan secured. This is the big difference with unsecured bank loans in which credit ratings will matter for loan approval.
How about interest rates and repayment terms?
Interest rates for no credit check title loans are the lowest in the whole lending industry. They are even lower when compared to short term loans and unsecured bank loans. This is because the collateral already secures 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.