Conventional loans have always been the first option when people need extra funding. But there are times when bank loans are not a good fit for what you need. When it comes to emergencies and sudden expenses, car collateral loans Harbour Grace NFL & Labrador are the better option. Here’s why:
3 Reasons Auto Title Loans are Better Than Traditional Loans
- They have a fast application process. Most conventional loans have numerous requirements and a lengthy application period. You might have to wait days before you get approved. That’s not the case with a poor credit car loan. This secured loan has few requirements. The collateral also means you can get approved in less than an hour. The money will also be deposited within the day.
- You can get financial assistance even with a low credit score. The sad truth is that millions of Canadians have low to average credit ratings, and banks require a credit score of 700 or better. Luckily, many title loan specialists don’t consider credit scores the main consideration for approval. You can apply for this loan even if you have a low rating or zero credit history.
- Your collateral remains with you. You don’t have to leave your car with the lender. It will remain with you and you can continue to use it even if you’re still repaying the loan.
Borrow More Money Than Any Competitor has to Offer
You’re working with the best lender when you apply with Canadian Equity Loans. Our company offers loans as high as $50,000. We have the lowest interest rates and monthly payments around. We also offer clients early payouts without penalties. You don’t even have to worry about credit checks. Sign up at our website or call our toll-free number at 1-844-586-6311.
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