Collateral car title loans are based on the equity or true market value of your fully owned car as collateral. However, during the loan payment period you still remain in possession of the car and continue to use and drive it.
The reasons for getting this loan may vary from a financial emergency to sudden money problems. Bad credit loans allow you to obtain cash up to $50,000. After you have paid off your loan, your car title is returned to you immediately by the lender.
When applying for this loan, the car title needs to be in your full name. No outstanding liens should be on your car title.
How do you apply for a collateral car title loan?
1) You can apply online and fill out an online form.
2) Bring in the car for inspection and appraisal for its true market value.
3) You get loan approval in one hour and get your cash on the same day.
If you pay off no credit check title loans early, you will not be charged any early payment penalties.
No credit checks are done. Your credit history will not matter since the loan is secured by the collateral. Interest rates are also the lowest in the lending industry and the lowest when compared to unsecured loans and short term loans. Loan payment terms are the longest and most flexible to be ever offered.
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.