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Bad credit scores will not matter with collateral car title loans

Since collateral bad credit loans are covered by the collateral, bad credit will not matter with the loan approval. All you need to worry about is that your car is fully paid with no outstanding loan on it, and the car title is fully in your name, with no liens on it. No credit checks are made.

Here are a few things you need to remember if you are applying for a car title loan

  • Make sure that your car is fully paid for and the car title is lien free.
  • Your car should have collision and comprehensive insurance.
  • Your car needs to be thoroughly inspected and appraised for its true market value before the loan approval. You can borrow up to $50,000 based on this.
  • Make sure you can show proof of permanent residence and a valid driver’s license.

Getting a collateral vehicle title loan is not difficult

Collateral car title loans are approved in one hour and the cash is released on the same day of approval. Interest rates are the lowest in the lending industry and the lowest when compared to short term loans. Repayment terms are the longest and most flexible that can ever be offered.

After you get your loan, make sure you make timely or even early payments

This will increase your credit rating and no credit check title loans carry no early payment penalty charges if the loan is paid off early.

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.