Whatever problem you are facing pertaining to money, collateral vehicle title loans is your best solution for solving a sudden financial emergency.
You get to keep your car
The lender will just hang on to the car title that serves as collateral. So the borrower continues driving and using the car during the payment terms. You get fast cash and still keep your car.
Loan approval is fast
Unsecured loans and short term loans will take days for approval and processing and more days just to release the funds for the loan. Car title loans are verified and approved in one hour so you get your cash on the same day. All that is prepared is the vehicle for inspection and appraisal, the car title with no liens on it, a valid driver’s license, and proof of permanent residence.
No credit checks
These are secured loans due to the collateral on the loan. They have a lower risk factor for both borrower and lender. Thus, no credit checks are needed and loans are approved even if the borrower is suffering from bad credit or no credit.
Low interest rates and better payment terms
Collateral car title loans carry the lowest interest rates in the lending industry. Also, when compared to short term loans and unsecured loans, they definitely have much lower interest rates. Payment terms are flexible up to 4 years and payments can be as low as $97 per month.
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.