Short term loans are never the answer
Unfortunately, borrowers turn to short term loans – or worse, unsecured bank loans – because of their bad credit rating. Part of this may also be seeing aggressive late-night television ads that pitch these loans as a solution. Many don’t realize that these loans have very high interest rates with payment terms at only 30 days.
The lowest interest with the longest terms
Collateral vehicle title loans have the lowest interest rates in the lending industry and lower than short term loans and unsecured bank loans. Payments can be as low as $97 per month. Loan payment terms are the longest and most flexible.
No credit checks needed
Another unique characteristic of collateral car title loans is that lenders don’t need to run any kind of credit check for the loan to be approved. The loan is secured and protected by the collateral so no credit checks are needed.
Very little requirements needed
All that’s needed to start with to have the loan approved in one hour is a fully owned car that is inspected and appraised for its true market value. You also need the car title so make sure it is free of liens because the lender needs to put a lien on it. Just present a valid driver’s license and proof of permanent residence and you’re good to go.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the very minimal paperwork and get your loan approved in one hour. You only get the lowest 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.