There might come a time when you’re in a situation that requires funds that you currently don’t have, like getting in a car accident or a family member falling sick. If you cannot raise the money you need through the conventional ways, minimum credit score loans Lethbridge Alberta might seem to be good options. But make sure you have all the facts before applying for this loan.
3 Facts You Need to Know about Title Loans
- The loan is based on your vehicle’s value. Title lending companies don’t typically have a fixed amount when it comes to loans. It will depend on the collateral’s value and equity. Remember that a car’s value depreciates over time so it’s unlikely that the loan amount will be anywhere what you paid to purchase it. But you can still get a good amount with the right lender.
- Lenders don’t bother with your credit score. Since a poor credit car loan is considered a secured loan, your credit score isn’t a major factor for approval. The lender is already secured that their investment is covered with the collateral you’re putting up.
- Application and approval process is fast. Most title loan companies have minimal requirements and streamlined application process. This ensures that the verification and approval procedure is faster than conventional lenders. As a matter of fact, title loan borrowers can even get the money they need within a few hours after filing an application.
Same Day Cash
Getting a loan from Canada Car Cash is like a walk in the park. The company’s easy application process and quick approvals mean borrowers can get instant cash. And with proper insurance and a lien-free title, customers can get a loan equal to a percentage of their vehicle’s value. Log on to their website to apply. You can also call their toll-free number at 1-844-598-7631.
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