A bad credit report will never matter if you’re applying for collateral fast cash loans. All you need is a fully owned and paid for car and its car title. Any bad credit rating you have will have no bearing on the loan approval. You can solve any financial emergency with this type of loan.
Applying for collateral vehicle title loans
Seek out lenders who specialize in collateral vehicle title loans because this is the only type of loan made especially for subprime borrowers. You can still get the loan even with bad credit or no credit. All you need to do is to leave your car title with the lender as collateral and a lien will be placed on it. The lien is removed when the loan is fully repaid.
Know what you need before you apply
- When you bring in your car for inspection and appraisal the lender needs to find out the true market value of the car and use it as your basis on how much you really need to borrow.
- The car title must be lien free.
- You need to present a valid driver’s license.
- Also present proof of permanent residence.
Apply and be approved in one hour with the lowest interest rate
Interest rates for no credit check title loans are the lowest in the whole lending industry and the lowest when compared to unsecured bank loans and short term loans. Payments can be as low as $97 per month. Loan repayment terms are the longest up to 4 years.
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 emergency 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.