Collateral car title loans are given longer payment terms, far better than 90-day affairs.
Fast cash because it’s needed
Collateral car loans allow the borrower access to quick emergency cash. You can have your cash within the day after the loan is approved in 1 hour. All you need to bring is the car title with no outstanding liens on it, valid driver’s license, and the car for a detailed inspection and appraisal for the loan amount.
Credit checks will not matter at all
Collateral vehicle title loans work by you putting up your car title as collateral for debt security. There is really no need to have a credit check done. No matter what credit condition the borrower has, it has no effect on the loan approval, enabling anyone with a car to get a loan.
You keep driving your car
Another big advantage of a vehicle title loan is that even though you are putting your title up for the car, you can still keep your car and drive it during the loan period. The lender may require you to add collision insurance.
Very low interest rates
No credit check title loans are loans that run with very long repayment terms. You pay the lowest interest rates in the lending industry and the lowest when compared to unsecured loans. Payments can be as low as $97 per month.
Liability
If there is a case where you do lose your car due to unforeseen circumstances like natural causes or even car theft you won’t have to pay off your debt. However, the lender and insurance company will need to conduct a thorough investigation before writing off the debt.
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.