There Will Never Be a Better Alternative to Bad Credit Loans Medicine Hat Alberta
Is a collateral car title loan really a viable option to getting quick cash?
When you get short on money because of a financial emergency, collateral bad credit loans are the best solution you can find. All you need is to sign over your lien free car title as collateral security for the loan and the lender gives you cash in return. Interest rates are the lowest in the lending industry. This is also attractive for many people because no credit checks are ever done so the loan is approved in one hour even if you have bad credit.
Considering the value of your car
Collateral car title loans are based on the true market value of your car. So based on this the loan amount can be up to $50,000.
Is selling your car at full value a better option?
If you need cash as soon as possible, then you could always sell your car at full value. However, the biggest difference even if you sell your car at full value is that you no longer have a vehicle to drive or use. With no credit check title loans, you can still continue using the car even while repaying the loan, aside from the other benefits already mentioned.
The option of selling the car may not be such a huge advantage that you first thought and a collateral car title loan is still the best when it comes to accessing quick cash.
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.