Facts You Should Bear in Mind When Taking Out a Poor Credit Car Loan Ajax Ontario

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When it comes to convenience and versatility, nothing comes close to auto title loans. This is a secured loan because it requires the borrower to put up their car as collateral. It’s also a good choice for people who need additional funds for things that don’t fall under the usual loan purposes. There are other facts you should remember when you apply for a poor credit car loan Ajax Ontario

Facts to Keep in Mind When Getting a Quick Car Loan 

  • You can use this loan for anything. It’s the ideal loan for emergencies and unexpected expenses due to its fast application process. You can also use it to pay bills, go on vacation, buy groceries, etc. 
  • You can qualify even if you have a low credit score. Most title loan specialists don’t have a required credit score nor do they require an extensive credit history. They prioritize car equity over other requirements. 
  • Your loan depends on the collateral’s value. It’s why borrowers have to get their car inspected. However, they can only borrow 20% to 50% of the car’s estimated market value. 
  • You can get the money you need immediately. Title loans are known for their fast application process. Because there’s collateral. The lender doesn’t need to do an extensive credit check. You can get approved in 15 minutes and the money will be released within 24 hours. 

The Number One in the Industry

You won’t have any problems getting a loan with Canada Car Cash. We specialize in title loans and we often offer more money than other lenders. Our interest rates are 70% lower and we have affordable monthly payments. Sign up on our website or call our toll-free number at 1-844-598-7631.

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