3 Vital Facts Borrowers Should Know About Minimum Credit Score Loans Nanaimo British Columbia

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Canada’s love affair with minimum credit score loans Nanaimo British Columbia has been growing strong the past few years. Thousands of consumers have turned to this secured loan when they needed money fast. While this loan seems like a good option during emergencies, there are several things you have to know:

Vital Facts about Title Loan

  • Car equity loans have a fixed value. There are limitations to how much the title lending companies can give. Many lenders will only offer around 25% to 50% of the car’s total value. The loan amount is also contingent on the company’s assessment of the collateral.
  • These are short-term loans. Lending companies typically offer 30-day contracts for title loans. This will give you a very short period to return what you borrowed. You can ask for an extension but be prepared to pay a penalty. This is separate from what you’re paying for the original loan and its interest.
  • There are no fixed interest rates. State legislation also has a big say on how much you can borrow. Some areas have a cap on loans and interest rates while others are more flexible. Borrowers in cities that don’t place limits can receive a 30% interest rate.

Number One in the Industry

Get the best deals with Canada Car Cash. The company is one of the best in the industry, so you’re assured of stability and reliability. They only offer title loans and can lend you a percentage of your car’s value. They also have low-interest rates and affordable monthly payments. What’s more, they don’t check your credit score or employment status. Their fast approval guarantees that you’ll get your money on the same day. Log on to their website to apply or call their toll-free number at 1-844-598-7631.

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