1-877-804-2742
Collateral fast cash loans are taken out against a fully owned car. They get a lower interest rate with this loan because they can use their car title as collateral compared to someone taking out a short term loan where the interest rates are very high.
A collateral car title loan offers more cash and lower interest rates
Collateral car title loans allow people to get more money because of the collateral, which is the car title. The car is simply inspected and appraised for its true market value. The loan amount is based on this value.
Lower interest
Another plus about this loan compared to short term loans is that you receive a lower interest rate. Payments can be as low as $97 per month.
Flexible repayment terms
The most noticeable reason no credit check title loans are better than short term loans is because of their low payment amounts. The loan offers a lot of flexibility; rather than the misconceived terms of 1 or 2 months from short term loans, repayment terms are flexible and the longest up to 4 years.
Collateral title loans can help you with many financial problems
At the end of the day, there are many reasons to choose a collateral title loan over payday loans. Hopefully you should never have to get either, but if you are in a situation where you have bad credit and really need emergency cash fast, give title loans a chance to help you.
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.