The basics of collateral vehicle title loans
To get collateral bad credit loans, you go to the lender with your car that should be fully paid and owned and the car title has no liens on it. The lender determines the loan amount using the true market value of the vehicle. Once the loan is approved in just one hour, the loan is released on that same hour. You can borrow up to $50,000.
The collateral and little paperwork are all you need
To apply for the loan all you need to present is your valid driver’s license and proof of permanent residence, aside from the car title and the car that will be inspected and appraised.
Bad credit has no effect on the loan
Whether you have bad credit or no credit history, it won’t have any effect at all on no credit check title loans. This is because the loan is already secured by the collateral that is the car and its car title. Once the car title is left with the lender, the borrower can continue using the car during the time the loan is being paid during the loan term.
Lowest interest rates
Collateral car title loans hold the lowest interest rate in the whole lending industry. Loan payment terms are not the short term affairs of most loans. Rather, they are the longest and most flexible that can ever be offered.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan more money with less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us at 1-844-598-7631.