Short term loans and unsecured bank loans focus a lot on language around “approval” hoping that those with bad credit will be so grateful for the opportunity to be able to loan that they will agree to the very high interest rates. This is the trap that many borrowers fall into, desperate for fast cash because of a financial emergency. This will never happen when you apply for collateral car title loans.
Do a detailed search
The best collateral car title loans Vancouver British Columbia only needs a fully owned car as the collateral. The car title also serves as collateral so it must be lien free. The car title is left with the lender who places a lien on it until the loan is repaid in full. No credit checks are done on the borrower because the loan is already secured by the collateral. So no matter how bad your credit is, it won’t matter with the loan approval.
Inquire about the low interest
Payments can be as low as $97 per month. This makes no credit check title loans the lowest interest rate in the lending industry.
Pay special attention to the loan terms
Ask about the specifics of the loan payment terms. This loan offers the longest repayment terms that can be offered. No early payment penalty will be charged if a loan is paid off early.
No credit checks
No credit checks are ever done even with bad credit or even no credit. This is because the loan is already secured by the collateral.
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.
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