Taking out collateral quick cash loans is one way to get your hands on some quick cash since no credit checks are ever done so this is good news for those with bad credit that need fast cash for financial emergencies.
How do collateral car title loans work?
With this loan the lender appraises for the loan amount based on the true market value of the car after a thorough inspection and appraisal. The lender then holds on to the car title and places a lien on it until the loan is fully repaid. The collateral should always be a fully paid for and fully owned car with its car title lien free.
Doing the application process is very simple
All you do is to have the car inspected and appraised to determine the loan amount. All the borrower then submits is a valid driver’s license and proof of permanent residence. The loan amount can vary but can go up as much as $30,000.
Know the important benefits of collateral vehicle title loans
When it comes to collateral car title loans, it offers the lowest interest rates in the whole lending industry and much lower interest rate can be offered against the closest competitors out there. Loan payment terms are the longest that can ever be offered.
Lenders don’t need credit checks
Credit checks are never done with no credit check title loans because the loan approval is not dependent on the borrower’s credit rating. Bad credit or no credit has no bearing on the loan approval that is given in one hour.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan more money with less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us at 1-844-598-7631.