Is It Safe To Borrow Using My Vehicle? 

borrow using my vehicle

 

When financial trouble strikes it doesn’t usually give you fair warning or a heads up. It simply  comes unexpectedly and tosses our budget up in chaos. It then becomes  difficult to handle financial situations if you are running short of money. Living paycheck to paycheck makes it even harder to save for the rainy days. Some also  have huge credit card bills to pay while some have medical emergencies to look after. Many Canadians find it difficult to find  money solutions for times like these. Many  consider asking  their friends or  relatives for money as getting a loan  from the bank may  take several days. But they can’t  bail you out of financial trouble every time.  It also isn’t really nice to ask for money every time you’re in trouble. Well what if I tell you  that you can get the money you need from the vehicle parked in your garage. Yes, your vehicle is capable of helping you attain cash and best of all you don’t even have to sell it. If the thought of ‘borrowing using my vehicle’ ever crossed your mind then we would like to tell you that yes it is possible! This  is known as auto title lending where you use your vehicle title as collateral to obtain the money you need. 

Auto Title Lending

This lending type allows you to use the title papers of your vehicle as collateral. In return, the money obtained can be used however you see fit  like paying  overdue credit card bills, medical bills, house renovations and/or, tuition fees etc. Whenever one requires cash instantly, a car title loan can be of great help. What sets this loan apart is the quick processing time compared to traditional bank loans. Visit our website Car Title Loans Canada, to fill out a basic application form and get prequalified. After getting a rough quote we will set up  an appointment to have your vehicle inspected. The whole loan process takes less than 24 hours and you can get your cash. 

Bad Credit Score? No Worries

Traditional banks are not the right place for you if you have a poor credit score or no credit history  at all. However, we approve all car title loans with bad credit history because these are collateral loans secured by the title paper of your vehicle not your credit. In such loans, a credit check is not performed  and people with no credit history can also apply easily with ease. Loan applications  with low or poor credit scores are not first choice  by banks and credit unions. They have a higher chance of getting rejected or have to pay a higher rate of interest for that matter. We, at Car Title Loans Canada accept all loan applications  especially those with bad credit. Providing  a quick loan against your  vehicle title quickly  and helping you  face  financial problems head on is  what we are best at.  

Keep Your Vehicle

We give the loan against the equity value of the car, but we don’t keep or hold on to your  car.  This means you’re free to take your car once the inspection  process is over. There’s absolutely no need to surrender your car in order to borrow the cash you need. We understand how your vehicle is important to keeping your livelihood going. Throughout the entire loan term you can keep driving your vehicle while  paying the monthly installments. We simply  hold on to your car title papers while you pay for the loan each month.

No Job, No Problem!

Borrowing using a vehicle couldn’t be  more easier!. Banks and credit unions will ask for proof of employment and income in order to process a loan application. But, with our car equity loan you don’t have to worry about producing any of that. In case you are in between jobs and need some money to cover  expenses, an auto title loan is your solution. . Use your fully paid for vehicle as collateral and get a significant amount of money to get you back on yur feet. There’s no need to worry about the monthly loan payments as  payments are flexible and budget friendly.  Whenever you have extra funds you can also make an early payment to close the loan at anytime. There are no prepayment penalties for doing so. 

Car title loans have gained a lot of popularity for Canadians  who are in need of  money without any unnecessary delays. You can count on a  safe, secure, and  convenient loan process. Apply online or call (toll free) 1-877-804-2742 for more information on how to get started today. 

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