3 Things People Want to Know About Specialized Car Equity Loans Calgary Alberta

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Bank loans and traditional lenders have rigid and numerous requirements. While they’re attainable, it’s still a struggle for many prospective borrowers. It’s also unlikely that someone with a low credit score can get a loan with good terms. This is what sets specialized car equity loans Calgary Alberta apart. These secured loans accept applicants regardless of their credit score. Has that made you curious? Here’s what else you should know about this loan. 

Answers to Commonly Asked Questions About Auto Title Loans

  • How does an auto finance loan work? Borrowers must put up their car as collateral. Its equity will cover the loan and determine how much one can borrow. The higher the value, the higher the loan. You don’t have to leave your car with the lender as they only need to hold on to the title. 
  • What does a lien mean? It’s a type of security interest placed on collateral. It provides reassurance to the lending company. If the borrower misses payments or defaults, the lien (aka the collateral) is repossessed and sold to help the lender recoup their investment.
  • How do I apply? You will need your car’s title, a valid ID, proof of residence, and income. You can file an application online or in person. Your car will be inspected and the value will determine the loan. 

The Number One in the Industry

Canada Car Cash can help you when you need funding. We specialize in title loans and can offer more than other lenders. Our interest rates are 70% lower and we offer extended loan terms. Our fast approval process means you can get the money you need within 24 hours. Log on to our website or call our toll-free number at 1-844-598-7631.

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