You have several options if you suddenly find yourself dealing with an emergency or an unexpected expense. You can borrow money from good friends or family, look for a part-time job or another gig, pawn your valuables, or apply for a special financing auto loan Lethbridge Alberta. The latter two are popular choices but getting a title loan is better than going to a pawn shop. Here’s why.
3 Reasons Title Loans are Better Than Pawning
- Easy application and fast approval. Millions of people choose to get a title loan or to pawn their valuables because of how quickly they can get the money they need. Filling up a form can be accomplished in a few minutes. Title lenders require less documentation than banks while pawn shops just require the item to be pawned.
- Longer loan duration. Pawnshops usually give lenders a month or so to pay off their loans. While the loan can be extended, there’s a corresponding penalty and the interest rates will go up. Car collateral loans have longer terms. They can run from one year or more.
- Retain possession of the collateral. Pawnshops and title lending companies need a collateral before they can approve a loan. The big difference is that you keep possession of your car when you apply for a title loan. This means you can keep using it to get to work, go to school, or to grow your business.
Lowest Interest Rates You Can Find
Get the financial assistance you need with Canada Car Cash. The company specializes in title loans and can offer borrowers more money. They also have low-interest rates and affordable monthly payments. You can get the money you need within the day and retain ownership of your car. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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