A lot of people are wary about getting minimum credit score loans Regina Saskatchewan because they think it’s too risky. This secured loan admittedly carries some risk, but then again, so does every loan. So why choose it? Here’s why:
4 Advantages of Title Loans
- You don’t need excellent credit to qualify. Your credit score isn’t a major factor in title loans. Even people with no credit or who are unemployed can avail of this loan. This is made possible by the collateral that you’ll be providing the lender.
- They have lower interest rates. Most title lending companies offer low rates. This means you will be paying less during the duration of the loan. When you compare it to credit card advances or personal loans, it makes sense to choose bad credit no problem auto loans.
- You can get approved within the day. Bank loans often take days or weeks to process, which is why they’re not ideal for emergencies. Title loans can be approved within 24 hours. Some lenders even approve immediately and release the money within the hour.
- You can extend loan terms. A secured loan is a good choice if you can only make small payments and you need more time to repay the loan. While title loans are technically short-term loans, many companies have a rollover feature wherein your balance will be “rolled over” to the following month.
Trusted Car Loan Expert
You’re working with the best with Canada Car Cash. This trusted lender specializes in title loans and can offer you more money than other companies. Their interest rates are 70% lower than competing lenders and they also offer flexible payment plans. You also get the cash you need on the day you applied. Sign up at their website or call their toll-free number at 1-844-598-7631.
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