1-877-804-2742
Unsecured bank loans and short term loans are bad for you
While collateral car title loans never takes your bad credit into consideration for the loan approval, unsecured bank loans and short term loans will never approve a loan if you have bad credit or no credit at all. Should your loan be approved, the interest rate will be astronomically high because of your bad credit. With a collateral car title loan, credit ratings have no bearing on the loan approval, terms, or interest.
Collateral car title loans only from exclusive and legitimate lenders
This means that collateral vehicle title loans are issued only from licensed and legitimate lenders that deal exclusively. The lender simply holds on to the car title and places a lien on it until the loan is fully repaid. Again, this means that the borrower gets to keep driving their car while repaying the loan. Loan repayment terms are the longest at 4 years.
Interest rates are the lowest compared to traditional loans
Unsecured bank loans and short term loans will always charge very high interest rates because the loan is not secured by collateral and is dependent on credit ratings. On the other hand, no credit check title loans have the lowest interest rates in the whole lending industry because much lower interest rate can be offered. 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.