Collateral vehicle title loans are loans that use a fully owned vehicle as collateral. The lender holds on to the vehicle title while the loan is being paid off during the payment term. The borrower is allowed to continue using and driving the vehicle.
Credit history and employment status will not matter at all
Collateral car title loans will never take into account your credit rating or your employment status. Any person holding a current car title is eligible to apply for the loan. No credit checks need to be done. All you need for the loan is a lien free car title and a fully owned car.
The full benefits of collateral vehicle title loans
Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to other unsecured loans. Payments can be as low as $97 per month. Payment terms are never short term because they are long and flexible up to 4 years. Once your loan is approved in one hour and you get the quick cash on the same day as approval, you can continue using the vehicle and keep driving it even while paying off the loan during the loan term. All these benefits are missing with car pawning, unsecured bank loans, and other short term loans.
Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.