Having bad credit or no credit shouldn’t stop you from applying for a collateral vehicle title loan, especially if you really need cash for emergency or urgent needs.
A bad credit report will not matter, ever, when applying for equity loans.
Very minimal requirements needed when applying for the loan
The requirements and what’s needed to be approved for the loan is very minimal. Collateral car title loans are approved in one hour. The loan amount is released in that same hour. All you need are:
- A fully owned and paid for car to serve as the collateral.
- The car title should be lien free. This will serve as the real collateral since the borrower will be allowed to keep driving the car.
- A valid driver’s license.
- Any proof of permanent residence.
Low interest rates
No credit check title loans offer interest rates that are the lowest when compared to secured loans and short term loans and the lowest in the whole lending industry. Loan payments can be as low as $97 per month. Loan payment terms are the longest any borrower will ever experience. No credit checks need to be done for the loan approval because bad credit or no credit will not affect the loan approval. You even get to keep driving your car while repaying the loan during the term.
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.