The beauty of collateral car loans is that they are loans made for borrowers with bad credit or no credit because these have no bearing on the loan approval. The other beauty is that these loans can help you get on your feet with repayment terms that are the longest and most flexible.
The big difference between secured and unsecured loans
The big advantage of collateral vehicle title loans is that they are secured by the collateral and these are your fully owned car and car title. The loan is secured by the true market value of your car that secures the loan and gives you the loan amount Also, collateral auto title loans carry much lower interest rates than its competitors, making it the lowest interest rate in the lending industry. On the other hand, unsecured bank loans don’t approve loans for borrowers with bad credit and interest rates are very high.
No employment or credit checks are necessary
No credit check title loans are secured and sound enough so that no credit checks are necessary. Since no credit checks are necessary, borrowers with bad credit or no credit can be approved in just one hour. The borrower then only needs to submit a valid driver’s license and proof of permanent residence.
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.