Legitimate collateral car title loan lenders avoid using shifty language
Some of the worst offenders are short term loans and unsecured bank loans that use shifty language to focus a lot on “approval” hoping that those with bad credit will be so grateful for the opportunity to get a loan that they will agree to the very high interest rate. All you need to remember with collateral car title loans is that the collateral is based on a fully owned car and its lien free car title and the loan amount is based on its true market value.
Not much requirements needed to be submitted
The car title must be lien free because the lender needs to place a lien on it. You then need to show your valid driver’s license and proof of permanent residence. Loan approval is given in one hour.
Pay special attention to interest rates
No credit check title loans are offered much lower than the closest competition. Loan payment terms are the longest that can ever be offered. Should the loan be paid off early, no early payment penalties will be charged.
Discuss credit checks and loan amount
With collateral vehicle title loans you are already using the car that you own as collateral for the loan. This secures the loan so no credit checks are necessary, so no matter how bad your credit is, it won’t matter with the loan approval. Also, the loan amount is based on the car’s true market value so the borrower can loan as high as $30,000.
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 you more money with far 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 now toll free at 1-844-598-7631 or apply online.