If you’re not that familiar with collateral vehicle title loans, you might be missing out on a good emergency source of funds when you need it the most.
Collateral vehicle title loans are simple secured loans
You use your car and car title as collateral to secure the loan. If you have a fully owned car and the car title is lien free, you can qualify to apply for bad credit loans. The loan amount is based on the car’s true market value and up to $50,000 can be borrowed.
The best benefits of all
With collateral vehicle title loans, you get a loan with the longest payment terms any borrower can experience. Most traditional loans must be repaid in 4 – 6 weeks. Interest rates for vehicle title loans are also the lowest in the whole lending industry and even lower than any unsecured loan or short term loan.
Collateral vehicle title loans are better than car pawning
When you apply for car pawns, you need to leave your car with the pawnbroker until you have repaid the loan. With no credit check title loans you can continue driving your car until the loan has been repaid.
Easier requirements to prepare and process
Just bring in your car for inspection and appraisal for its true market value. Show your car title that it is lien free because this is what you leave with the lender while paying off the loan. Present a valid driver’s license and proof of permanent residence. The loan will be approved in one hour and you get the loan amount in that same hour.
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.