What if you desperately need an emergency loan for a financial emergency? You could go to a car pawnshop to get a short term loan. However, compared to collateral Bad Credit Loans Cold Lake Alberta, car pawns have nothing but disadvantages.
Here’s how car pawn loans work
Your car is worth $5,000. The pawnshop gives you $1,000 in exchange for the car because you need to leave your car with the car pawnbroker. You need to pay off the loan in 30 days. Aside from this, you get hit with a very high interest rate.
Now, compare car pawns with Bad Credit Loans Cold Lake Alberta.
To start off, the interest rates for collateral vehicle title loans are the lowest in the lending industry and definitely much lower when compared to car pawns. Loan payment terms run the longest and are the most flexible.
Fill out the online application form to start the application process. Applying for no credit check title loans is as automatic and easy as reaching for the phone and contacting a licensed title lender. The loan is based on the car’s true market value as the collateral. Up to $50,000 can be borrowed. On top of this, no credit checks are required for the loan to be approved in one hour.
Collect all of the documents that are required and in an hour, you’ll receive the loan approval and have the cash on the same day. What’s more, you get to drive your car during the duration of the term of the loan.
At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online.