Collateral car title loans are approved regardless whether the borrower has bad credit or no credit.
The great benefit here for bad credit loans is that the borrower can loan based on the collateral’s true market value. The collateral for this loan is a fully owned car and its lien free car title.
No credit checks
No credit checks are ever needed with collateral car title loans because the loan is already secured by the collateral. No need for background credit checks to have the loan approved. No employment checks are done either because the loan is secured regardless of employment status of the borrower.
Early payments are okay
Should the loan be paid off early, no early payment penalties will be charged.
Same day approval
When the car is brought in for inspection and appraisal as the collateral, the loan is approved on the same day and the loan amount is released on that same day.
Keep driving the car
With no credit check title loans there is no need to leave the car with the lender. Once the loan is approved and the loan amount is released, the borrower is allowed to drive off with the car and keep using it while making the loan payments.
Very low interest rate
Payments can be as low as $97 per month because of the very low interest rate that is offered, far lower than any unsecured loan and short term loan.
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 1-855-653-5451 and apply now. You can even apply online.