Vehicle title loans might have gained prominence and popularity, but people still have a lot of questions about this type of loan. Simply put, no credit check car loans Ajax Ontario are considered as secured loans. This means that the borrower has to put up collateral to fund the loan. This has the added advantage of allowing people who are bankrupt, unemployed or with poor credit scores to avail of this type of loan.
There are two basic types of vehicle title loans;
While cars are often placed as collaterals, there are other vehicles that you can use to avail of this loan, like trucks, sports utility vehicles (SUVs), recreational vehicles (RVs) and motorcycles.
You can’t go wrong with Canada Car Cash. Considered as one of the country’s most trusted lenders, the company offers loans with the lowest interest rates around and affordable monthly payments. They also provide flexible payment terms that cater to every customer. Borrowers who can provide a clean title can borrow a percentage of their vehicle’s total value. Applying is simple. Just log on to their website or call their toll-free number at 1-844-598-7631.