Most people are still more exposed to unsecured bank loans and short term loans. Unfortunately, with these loans, you credit rating will matter. If you have bad credit the loan will never be approved. All this on top of astronomical interest rates. This isn’t the case when you apply for collateral car loans.
Collateral car title loans are loans for subprime borrowers
You use the car title for your fully owned car to secure the loan. So long as the car is fully owned, you qualify to get the loan. Collateral vehicle title loans offer more cash than other loans because the loan amount is based on the car’s true market value.
Better loan terms with lower interests
With legitimate no credit check title loans you get loan payment terms that are the longest that can be offered. Much lower interest rate can be offered against the closest competitors. Payments can be as low as $97 per month.
This loan is better than pawning your car
When you pawn, you leave your car with the pawnbroker until you have fully repaid the loan. You even continue driving your car until the loan has been fully repaid.
You won’t get the same benefits from other loans
If you apply for unsecured bank loans or short term loans your only hope is to have good credit. Even with a short term loan you are expected to explain your reasons for borrowing the money and how it will be used. With collateral auto title loans, not only is the processing fast and with minimal requirements, approval is in one hour.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the paperwork and get your loan approved in one hour. You only get the best rate and the longest terms. At Car Title Loans Canada, we loan you money based on the value of your vehicle, not your credit score. Call Car Title Loans Canada Toll Free at 1-866-973-5214 and apply now. You can even apply online.