Collateral vehicle title loans are more practical
All that is needed to qualify for collateral car loans is a fully owned and paid for car. Also the car title must be lien free because the car title is left with the lender who then places a lien on the car title until the loan is fully repaid. The lien is then removed. While repaying the loan the borrower is allowed to keep using the car. The car is inspected and appraised for its true market value for the loan amount.
Credit checks aren’t necessary for collateral vehicle title loans
A great advantage with collateral car title loans is that no credit checks are ever needed. Unfortunately, unsecured bank loans and short term loans cannot be an option for borrowers with bad credit or no credit at all. Bad credit has no bearing on the loan approval.
Collateral car title loans in contrast to unsecured loans
The biggest contrast between unsecured bank loans or short term loans and no credit check title loans is that the latter offers the lowest interest rates in the whole lending industry. Much lower interest rate is offered versus competitors. Payments can be as low as $97 per month. Loan payment terms are the most flexible and the longest that can be offered.
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.