2 Types of No Credit Check Car Loans Calgary Alberta Available to You

Emergencies or unexpected expenses are stressful, but you can get past them. Thanks to no credit check car loans Calgary Alberta, you can secure some extra cash for yourself. There are two kinds of title loans available to you, so make sure you choose the best one for your needs.

Kinds of Title Loans to Choose From

Auto title loans are secured loans due to the collateral the borrower has given to the lender. In this case, it’s your car’s ownership papers. You can apply for one regardless of your employment status or credit score. You can also choose from two types of loans:

• Solo Payment: This type of poor credit car loan allows you to settle everything with a lump sum. It’s a good option if you know there’s a nice chunk of money coming your way. This is also an attractive choice for those who don’t want to spend a long time repaying a loan. And besides, most lenders only allow 30-days for solo payment plans.
• Installment: A favorite among borrowers, this plan allows you to make a set number of payments depending on the duration of the loan. This loan type can run from six months to one year or longer. You have the option to ask for an extension if you can’t make payments, but you’ll be penalized for it. The average APR for this type of loan falls at around 250 percent.

The Number One in the Industry

You are given a lot of options with Canada Car Cash. The company specializes in title loans, which allows them to lend you more than what other lenders can offer. They also have low-interest rates and flexible payment options. Sign up at their website or call their toll-free number at 1-844-598-7631.

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