Title loans have been likened to pawning a valuable, and in some ways they are similar. In both cases, you will be providing the lender with something costly in exchange for a loan. In the case of a poor credit car loan Prince George British Columbia, you will be surrendering your car’s title. Are you thinking of getting one? Here’s a quick guide on how to apply.
4 Easy Steps to Getting an Auto Title Loan
Step 1: Prepare the requirements. You will need to share details about yourself and your car. The former is to ensure smooth communication with the lender and the latter to determine your car’s value. You also need to provide your car’s title, identification documents, and proof of residence and income. You might also be asked to provide insurance details.
Step 2: Apply. There are three ways of doing this. You can call the lender, visit one of their branches, or apply online.
Step 3: Approval. The lender will check your requirements and evaluate the vehicle’s condition. Once they’re satisfied, they can lend you anywhere from 25% to 120% of your car’s value.
Step 4: Funding. Once the borrower has accepted the terms and conditions of the fast loan, the lender will release the money. There are usually three ways to get the funds – pick it up at the lender’s office, go to the nearest MoneyGram or by direct deposit to your account.
Same Day Cash
Getting a loan is easy with Canada Car Cash. The company only deals with title loans, so they can lend more money to their clients. Their interest rates are the lowest around and their fast approvals ensure that borrowers can get the cash they need on the same day. You can sign up on their website or call their toll-free number at 1-844-598-7631.
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