In the pound for pound fight of secured loans versus unsecured loans, the overall winner will always be collateral car title loans.
Unsecured loans carry more risks even without collateral
People think that there is less risk for a loan that needs no asset to secure the loan. But unsecured loans carry even more risks than collateral equity loans. Credit checks are always made and if your credit score is low, the loan will never be approved. Self-employed borrowers will never be approved because, technically, these people aren’t employed. The worse thing is that unsecured loans and short term loans carry the highest interest rates and loan terms are only 30 to 60 days.
Collateral vehicle title loans are the only secured way to loan
Collateral vehicle title loans are secured by the collateral so there is little risk for both borrower and lender. All you need for collateral is the fully owned car and lien free car title. Credit checks will never be done because the loan is already secured by the collateral.
Very little requirements
All you need to prepare is your valid driver’s license, proof of permanent residence, and the car itself for a detailed inspection and appraisal to determine the true market value for the loan amount. You can borrow up to $35,000.
The biggest benefits from collateral vehicle title loans
The biggest benefit from no credit check title loans is its very low interest rates, the lowest in the lending industry. Payments can be as low as $97 per month. Loan payment terms are long and flexible up to 4 years.
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.